Been looking at this for a few days now, and put up a previous idea on it. This chart has been updated to catch the low of 15th March. I've seen others also looking at this wedge, and looking for the price to bottom out at $7200, but on log scale it meets a long term rising trend at about $7400.
I guess this is one scenario out of several possible. If the wedge plays out, hopefully it's a bounce out and up to the target arrived at from measuring the opening of the thick end of the wedge, rather than out and down to $6k. Let's see how well this ages. Only a few days left to find out now.
I guess this is one scenario out of several possible. If the wedge plays out, hopefully it's a bounce out and up to the target arrived at from measuring the opening of the thick end of the wedge, rather than out and down to $6k. Let's see how well this ages. Only a few days left to find out now.
