BTC is currently in a falling wedge according to what I see.
It failed to break out of it as we touched the top of the wedge recently.
If we are unable to bring in some volume and break out to the upside in the meantime, I am seeing some nice confluence around 38k-40k, or thereabouts.
There is an un-squared/un-fixed candle down in that area, too, so a move down there could make sense.
I missed the intermediate top by a tad, but I was close on my assessment. I have linked it to this idea as well.
Thank you!
It failed to break out of it as we touched the top of the wedge recently.
If we are unable to bring in some volume and break out to the upside in the meantime, I am seeing some nice confluence around 38k-40k, or thereabouts.
There is an un-squared/un-fixed candle down in that area, too, so a move down there could make sense.
I missed the intermediate top by a tad, but I was close on my assessment. I have linked it to this idea as well.
Thank you!
Comment:
Adjusted Fibs - these look better.
