Bitcoin formed an rising wedge since 26 september with higher highs and higher lows
4 october we broke out of the rising wedge and since then are backtesting the trendline as new resistance
Today its friday, short term en mid term is bearish so we go higher for some distribution in the weekend and collect liquidity up there
Possible target is 1.0 fib extension and 0.786 and 0.854 Fib retracement at 28,3k
Target should be reached before weekly close, expecting an shooting star on the weekly candle
Also backtesting 1 week 200 simple moving average as resistance
4 october we broke out of the rising wedge and since then are backtesting the trendline as new resistance
Today its friday, short term en mid term is bearish so we go higher for some distribution in the weekend and collect liquidity up there
Possible target is 1.0 fib extension and 0.786 and 0.854 Fib retracement at 28,3k
Target should be reached before weekly close, expecting an shooting star on the weekly candle
Also backtesting 1 week 200 simple moving average as resistance