No change. Seems we maybe getting a bearish retest before lower prices. The BTC sentiment is at extreme greed atm so I think a correction to 40k-42k is most likely. After this correction is finished, I expect much higher prices. I still think the bull market is on and we will see 100k BTC
Maybe able to get one more pump before a correction and then heading higher. Looks like a rising wedge to me that could take us to the top of channel we recently broke out of. Get a retest and then bounce. This would be a great area to form a handle to indicate more bullish PA
No change really. I;'m still watching this as a rising broadening wedge that will pull back to the yellow area before heading to higher prices. If we start breaking above 51.5k, i will look at 59 next. The area we are at is at the top of the falling wedge pattern, our target areas. Thats why i'm looking for a correction from here
The last Rising wedge posted was invalidated. In retrospect, it looked more like a rising triangle. no breakout occurred after leaving the trend lines. We are currently above resistance in this channel. I think if we can get a good weekly close today, we should see our upside targets. If we breakdown, 35k-36k is still on the table. I am neutral leaning bullish in...
Haven't been able to update the past couple of days but I have changed my larger timeframe perspective. THe decreasing volume made me skeptical of my falling channel pattern. I think this is a falling wedge and we will return to the low 40ks to 50k in the coming weeks. The price may fall and start retesting the top pattern line before taking off.