Although I don't expect the market to follow these lines exactly, I do consider it as a road map for a way to break out of the falling wedge
. I use fib lines to steer where I position each point as well as trend lines
. The overall bearish trend
can be broken and this is one of the many paths Bitcoin
could use. Please do not take this as financial advice, there are many factors that come into play that can change the price of Bitcoin
. A major concern is that Bitcoin
will not break the $4400 price level and continue to find another lower low.
is a very young market and with more transactions, nodes, and people holding, the price will stabilize, but Bitcoin
is very far from that reality.