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Ether2020

Bitcoin has fallen out of the rising wedge - Lower targets ahead

Short
Bitcoin / TetherUS (BINANCE:BTCUSDT)  
Ether2020 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Trend Analysis Chart Patterns Wave Analysis BTC Bitcoin (Cryptocurrency) Rising Wedge short lower
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trendanalysis chartpattern waveanalysis btc bitcoin risingwedge short lower
Traders, Bitcoin has broken the lower trendline of the rising wedge and tested it already
Targets now around 40.000 - 42000 USD which is also horizontal support.
It would be very good to board new traders at these levels who missed the boat to the last all time high. Then we can all join a new ride to 80.000 +
Comment:
The long term view of Bitcoin is however very bullish. If you look at the D and W timeframe that is very clear. There are predictions of 150.000 to 300.000 by the end of this year and I think it is very well possible. Nobody would believe a year ago that BTC would hit 60.000 USD so surprise, surprise :-)
Trade active:
To go long in case of a counter move and a short ride up I would first like to see a good volume spike and a positive divergence along with a positive candle setup.
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