Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for Bitcoin ( BTCUSD ).

Bitcoin price is breaking down from the rising wedge. The measured move of the rising channel is in confluence with the 1.382 Fib level around the $16K area. More notes inside the chart.

Also Included: Fibonacci Retracement, RSI, MACD, Stochastic RSI, Ichimoku Cloud, 200 SMA and Keltner Channel.

If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.

Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk

I chart on Tradingview: www.tradingview.com/symbols/BTCUSD/?aff_id=25106

I hold crypto on Ledger Hardware: shop.ledger.com/?r=9f683f228f19

I find value in the data from LuxAlgo:
www.luxalgo.com/pricing?rfsn=6252565.5f61bd
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