Hello Everyone,
As we can see in the chart BTC is Holding the 0.382 FIB.
If the BTC break it down, there still the uptrend line to hold the fall.
So, for now BTC is still bullish in the 1D chart and there is no reason to freak out "NOW".
For the Weekly chart, there is rising wedge in the support line, I expect it to compete the wave 5 before the big drop toward the support lines.
Overall the weekly is bearish and BTC can drop anytime if it break the wedge.
Based on the 1D and 1W chart, I expect a final wave toward the resistance of the wedge then a big fall toward the yellow lines.
** Please note that this is not a financial advice, I may be wrong in this and I may be right.
As we can see in the chart BTC is Holding the 0.382 FIB.
If the BTC break it down, there still the uptrend line to hold the fall.
So, for now BTC is still bullish in the 1D chart and there is no reason to freak out "NOW".
For the Weekly chart, there is rising wedge in the support line, I expect it to compete the wave 5 before the big drop toward the support lines.
Overall the weekly is bearish and BTC can drop anytime if it break the wedge.
Based on the 1D and 1W chart, I expect a final wave toward the resistance of the wedge then a big fall toward the yellow lines.
** Please note that this is not a financial advice, I may be wrong in this and I may be right.
Comment:
The weekly chart
