CatoOzz33

BTC - Going up or Still in Correction Mode?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Here is an idea of how BTC can go in the upcoming days. Although we all hope that it will be fully bullish again, the correction may not have finished yet. Possible bearish rising wedge pattern (assuming the red support trend line is not broken) is appearing on the chart. 17800 will be a critical test point. If it breaks, we are ready to go to 20k levels. If not, we may go down to first 13800 and then (if it does not hold) 12800 levels. After that, there will be uptrend.

In my opinion, the correction is not over yet. We may likely fall from 17000 level, following the arrows to 13800 levels (assuming the red support trend line is not broken). I hope I will be wrong. If it follows this route, this will give a good chance for swing trade and potentially good profits for alts.
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