Looking at Bitcoin currently, we can see a local ascending broadening wedge after that recent downswing. This is pointing to some further downside to complete a likely falling wedge on the 12hr chart.
Likely scenario we see play out is downside to test ~43.5k then start a rally around Christmas'-NewYears towards 68k to try and set a new ATH
See previous Ideas posted on Bitcoin for further thoughts & breakdowns on BTC & it's future PA.
Likely 10% down followed by a slow 50+% move, will update as PA is available.
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Comment:
We have a breakout!
Comment:
Be careful, the previous idea I posted has broken down