Reversal & New wave will take BTC to $28k- $30k range
Hi From a sunny Canadian Saturday :)
This looks like a falling wedge pattern which is also a trend reversal pattern.
I believe BTC will retest the bottom of the wedge one more time to about $19,000 (may also break to the down side for a short period) before the reversal begins.
A break to the upside will confirm a higher low which could mean the bottom is in.
Once confirmed the beginning of a new Elliot wave should see the price exceeding it's previous high of $25k and on to test the $28k - $30k range.
Happy & Safe Trading all
Blockbullder
This looks like a falling wedge pattern which is also a trend reversal pattern.
I believe BTC will retest the bottom of the wedge one more time to about $19,000 (may also break to the down side for a short period) before the reversal begins.
A break to the upside will confirm a higher low which could mean the bottom is in.
Once confirmed the beginning of a new Elliot wave should see the price exceeding it's previous high of $25k and on to test the $28k - $30k range.
Happy & Safe Trading all
Blockbullder
Comment:
So yesterday BTC hit the lower wall of the wedge as predicted, now we just wait for the break of the upper wall & a retest before we place our longs.