LOOKS LIKE WE ARE MAKING A RISING WEDGE ON BTC.
THE BEARISH SCENARIO;
PRICE TARGET AROUND $10200 THIS WOULD PUT US AGAIN IN THE SUPPORT ZONE BETWEEN $10000 AND $10500.
THE BULLISH SCENARIO;
PRICE TARGET AROUND $11500 THIS WOULD PUT US INTO THE PREVIOUS RESISTANCE ZONE BETWEEN $11500 AND $12000. IF WE LOOK AT THE FIB LEVELS WE CAN SEE THAT THE GOLDEN POCKET IS ALSO AROUND THIS LEVEL. WE COULD EXPERIENCE A LOT OF RESISTANCE FROM THERE.
THE BEARISH SCENARIO;
PRICE TARGET AROUND $10200 THIS WOULD PUT US AGAIN IN THE SUPPORT ZONE BETWEEN $10000 AND $10500.
THE BULLISH SCENARIO;
PRICE TARGET AROUND $11500 THIS WOULD PUT US INTO THE PREVIOUS RESISTANCE ZONE BETWEEN $11500 AND $12000. IF WE LOOK AT THE FIB LEVELS WE CAN SEE THAT THE GOLDEN POCKET IS ALSO AROUND THIS LEVEL. WE COULD EXPERIENCE A LOT OF RESISTANCE FROM THERE.
Comment:
RISING WEDGE IS PLAYING OUT AS EXPECTED!