www.investopedia.com...y/charts/charts7.asp
This is one of the few times I have seen such a large falling wedge in Bitcoin. Using the target rule in the investopedia article, we measure the wedge height and add that to the breakout price to get a target of 10779. I'm pretty sure Bitcoin is going much higher (like above $30K), but just for fun lets do the investopedia target.
This is one of the few times I have seen such a large falling wedge in Bitcoin. Using the target rule in the investopedia article, we measure the wedge height and add that to the breakout price to get a target of 10779. I'm pretty sure Bitcoin is going much higher (like above $30K), but just for fun lets do the investopedia target.
Comment:
Just wanted to point out the last time we had a falling wedge reversal near this magnitude we ran to $3K
Comment:
Game over, busted the uptrend
Trade closed: stop reached:
Stopped out
