Rising wedge on BTC, current ascent, even if supported by all good news is not sustainable ling term.
The wedge could be sharper, depending on where the bottom line starts. I start mine after a solid move, and I do not include that move.
The wedge could be sharper, depending on where the bottom line starts. I start mine after a solid move, and I do not include that move.
Comment:
If the wedge will break I expect the price to move in the orange boxes on the chart, marked by the 0.382 and 0.618 Fib levels.
Comment:
Target reached, wedge broke.
Comment:
After a small bounce, we are going for the second target. I believe we will touch 7100-7200, 0.618 fib.