After a lovely uptrend, price looks to found itself on at the resistance line of a Bullish Wedge. Naturally, I expect price to head down to the support line of the pattern. Also, the PA shows price has broken structure, and is now retesting the previous lows on the HL levels. I would expect sellers to step in once price reaches between the 50 fib and 618 fib levels A trip down to the support line of the wedge is where I expect price to go.
Could it break to the upside? Sure. Highly likely? Not in my experience. Not with this PA.
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Could it break to the upside? Sure. Highly likely? Not in my experience. Not with this PA.
Show your support for my efforts with a LIKE! Subscribe, if you are so inclined! Have a great weekend!
Nota
This is going exactly as I described in the video. Look for price to touch the support line of the Rising Wedge.We'll reassess there.
Nota
BTCUSD: 
Penafian
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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.