Big "falling wedge" consolidation pattern for aprox a year Nov 2021 - October 2022 upside BREAKOUT and RETEST confirmation.
Since breakout, consistent higher highs indicating up-trend.
25300 is key resistance, with a weekly candle close above 25,300 , next immediate target could be 31,500, following with 36,900.
A weekly candle break below 22,800 may lead down to re-test 20,700-21,000.
For now, Bitcoin is stable in the up-trend and not overbought.
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I encourage you to do your own research and trade with caution.
Would very much appreciate your comments and questions! Thank you!
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Since breakout, consistent higher highs indicating up-trend.
25300 is key resistance, with a weekly candle close above 25,300 , next immediate target could be 31,500, following with 36,900.
A weekly candle break below 22,800 may lead down to re-test 20,700-21,000.
For now, Bitcoin is stable in the up-trend and not overbought.
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I encourage you to do your own research and trade with caution.
Would very much appreciate your comments and questions! Thank you!
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Trade closed: target reached:
Long-term wedge breakout proved correct!
Targets smashed and an overall over 100% gain since indicated
Targets smashed and an overall over 100% gain since indicated
