The target for an 'ascending Expanding wedge" is the distance from highest point inside the pattern to the lowest point.
in this case this measurement will give a target of 28261. However BTC has only hit
28600.....so what gives ?
One explanation could be because if we turn on the Daily moving averages it shows BTC bounced at the MA150 which acted as support .
My thought is to avoid getting caught in a trap its best to wait for BTC to close above the 29802 resistance before entering a long to 34k .
Currently I'd still expect BTC is going to target the 34k zone.
in this case this measurement will give a target of 28261. However BTC has only hit
28600.....so what gives ?
One explanation could be because if we turn on the Daily moving averages it shows BTC bounced at the MA150 which acted as support .
My thought is to avoid getting caught in a trap its best to wait for BTC to close above the 29802 resistance before entering a long to 34k .
Currently I'd still expect BTC is going to target the 34k zone.
Nota
On the flip side any moves below 27500 should be considered a failure.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.