Hi all, simple chart, simple explanation.
We are in a rising wedge.
Daily closes must stay above around $66.2k for bullish continuation (2 days at least) AFTER a retest of $65.3k.
Otherwise if this fails with daily closes below $66.2k after the retest of $65.3k.
I see a falling wedge in the making, highlighted key areas I think there will be retracements.
Ultimate bearish target completion = $52.6k give or take $500. From my calculations.
This is NOT financial advice, DYOR.
My thoughts....
The Whale whisperer
We are in a rising wedge.
Daily closes must stay above around $66.2k for bullish continuation (2 days at least) AFTER a retest of $65.3k.
Otherwise if this fails with daily closes below $66.2k after the retest of $65.3k.
I see a falling wedge in the making, highlighted key areas I think there will be retracements.
Ultimate bearish target completion = $52.6k give or take $500. From my calculations.
This is NOT financial advice, DYOR.
My thoughts....
The Whale whisperer
I believe there will be massive support in this area, and huge rally to re-test $70k, worrying about $2k difference is immaterial when the upside is potentially huge.
Not financial advice, DYOR.
My thoughts....
The Whale whisperer