DrDovetail

Falling wedge target reached! Will A&Edoublebottom trigger next?

COINBASE:BTCUSD   Bitcoin
After hitting our target precisely on the 1hr chart a few candles back we can see here on the 4hr chart that we went a a pip or 2 above the target afterwards most likely fueled by fomo.We now see our pullback/correction taking place but if we can maintain support above our falling wedge target from here on out we will certainly trigger the Adam and ve double bottom as well which could lift us to 13.1k and give us the opportunity to potentially break out of an even bigger symmetrical triangle to an even higher breakout target...for now the bigger triangle may only be speculative but we will know based on what price action does the closer we get o is proverbial top trendline. Our current price range for now is still a huge pivot point/fulcrum where we could just rigger the adam and eve double bottom right away and head to 13.1k or we could instead see one last big bear dump as a last resort to fill that gap at 8.5k(slim probability but still possible). That's what makes this zone so pivotal and I will be watching to hopefully see price action maintain support above the falling wedge breakout target as a new base to build off of. If I see the probability of a double bottom breakout should be undeniable.
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