Forget my previous analysis, ha ha. It looks like bitcoin goes straight to the point and doesn't give a damn about my complicated ideas.
The chart shows everything as if it were in the palm of my hand. It's a standard downward breakout from a rising wedge, it's that simple. What's going to happen now is probably a quick return to the bottom edge of the wedge and an equally (relatively) quick downward bounce straight to the target price in a matter of weeks or months.
It also seems to me that the price should not exceed the upper edge of the downward channel, but we will see how the situation develops.
The only thing that puzzles me is the low volume for such a price movement. In any case, everything else fits into the puzzle.
This is not financial advice, of course.
The chart shows everything as if it were in the palm of my hand. It's a standard downward breakout from a rising wedge, it's that simple. What's going to happen now is probably a quick return to the bottom edge of the wedge and an equally (relatively) quick downward bounce straight to the target price in a matter of weeks or months.
It also seems to me that the price should not exceed the upper edge of the downward channel, but we will see how the situation develops.
The only thing that puzzles me is the low volume for such a price movement. In any case, everything else fits into the puzzle.
This is not financial advice, of course.
