Clear wedge forming on
BTC
over several supports:
- Parallel multiyear channel
- Important VWAP quarter horizontal line (orange line that coincides with a Fib Level - blue line)
- Fib Level (blue line) from last flag in February
- Insinuating over wedge ceiling line (dark blue)
So, we have a very good confluence there; maybe a scary quick drop possible to reach the bottom of the wedge, there on the confluence of already signaled fib level and VWAP quarter lines of support
The target of this wedge is the all-times-high (red line, past 72k usd)
BTC
over several supports: - Parallel multiyear channel
- Important VWAP quarter horizontal line (orange line that coincides with a Fib Level - blue line)
- Fib Level (blue line) from last flag in February
- Insinuating over wedge ceiling line (dark blue)
So, we have a very good confluence there; maybe a scary quick drop possible to reach the bottom of the wedge, there on the confluence of already signaled fib level and VWAP quarter lines of support
The target of this wedge is the all-times-high (red line, past 72k usd)
Comment:
Target achieved!
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- Solid confidence without emotions?
- Have the knowledge of what markets will do before it does?
Check out the "Long Term Trade" Reports by Bitcoin Trend and Forecast, helping traders since 2016 on bitcointaf.com/conrado