Here are some possible outcomes as BTC attempts to break out of the descending broadening wedge.
Which way do you think it will go? Please explain in comments.
Comment:
I think the safe bet is (E) :)
I'm expecting a 1.0-1.272 retracement from the current level, creating a new low near or just below the July low @17700. Then, surprise! it will spring back upward, breaking through the descending wedge to new highs. But who really knows...
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I'm expecting a 1.0-1.272 retracement from the current level, creating a new low near or just below the July low @17700. Then, surprise! it will spring back upward, breaking through the descending wedge to new highs. But who really knows...