We had volume defending the bottom of the wedge. But it's subsequently faded away. This has created a bit of a divergence on the stoch. And I just don't think we're quite ready to breakout on Monday 18th March.
I think we need one more week. To bust a few stops. But not quite go all the way down to the buy support at the 786 fib level (12-13 sats). Somewhere in the middle creates the maximum amount of uncertainty. So approx 16 i'd say.
And on the STOCH, you could easily form an inverted head and shoulders. For which, we would cross the neckline (up) on March 24th/25th. This would coincide with breaching the top of the falling wedge on the same time. Creating a double breakout for extra power.
I think we need one more week. To bust a few stops. But not quite go all the way down to the buy support at the 786 fib level (12-13 sats). Somewhere in the middle creates the maximum amount of uncertainty. So approx 16 i'd say.
And on the STOCH, you could easily form an inverted head and shoulders. For which, we would cross the neckline (up) on March 24th/25th. This would coincide with breaching the top of the falling wedge on the same time. Creating a double breakout for extra power.
As Bitcoin either goes sideways, or down to retest one of either of 3 supports: retouch the wedge (potentially lower than the last bottom), the recent trend line (dotted), or the bottom again. And personally, I'm thinking October for the real start of the bull run for BTC. Once the bottom is well established technically.
BTT should come out with the launch of their coin.... And the difference between BTC's no action or negative action, and positive fundamentals coming from BTT. Should be enough to slingshot the price up (against BTC). And thats where I think our run up to 45+ (100 hopefully, 2000 in dreamy land!) will come from.