The Great Rising Wedge potential playout.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
When analyzing this enormous wedge that stretches back to 2014 and applying the rule of thumb that the target is the 'first pivot', a fall to the 0.786 Fib line would be possible.

I'm not saying this has the highest likelyhood and I do not expect this to play out, but I found it interesting to sketch it out.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.