Just having a coffee break in between my work duties. The Penguin indicator again is sitting on the chart. I can imagine we are in a danger zone here with 2 possible scenarios. I am presenting the more likely one. Weak confirmation of this rising wedge (bearish pattern) and sudden, rapid move to the downside. If current target won't hold, $20k will turn into resistance. For now if this isn't a fakeout (also possible), we are looking at sub 20k as target zone for BTC within the next 3-4 weeks. This move could be accelerated (affected) by external factors.
Trade closed: target reached:
Comment:
Comment:
$18363 😶
