Sure always can go higher or lower but the probability for the pullback is very high now! Minimal target is the upper wedge line! If this happen than action the price action will decide BTC further movements! I still not drop my previous longer-term view And Two target scenario! First is reached around 8900 full and the second one is around 5600! Chinese new year...
Target area around 200 or lower!
So definitely in the future, the main chart will be XBTUSD from BitMex (Binance have some chances in the near future to rise in the reported trade volume like BitMex but until that not happen I will make analyzes just on Bitmex XBTUSD chart)! So let's see what happened! Price rosed above the wedge line in one smaller impulse wave and stopped around 8600 if the...
If ETH Fund the top then we have two targets now in short term!
If a hard BTC Shorts start TRX will make a new low also. Be careful!
In this scenario, HS can be realized with the full target at 1.618 but also wedge scenario will be not erased if the price will act like on the chart! The Differences in different charts results in situations starting to be really exciting but also contradictory!
I just have done this now and I am a little surprised! Check it, please
Link is a mystery for me but we have these two targets now!
I will add some closer look soon
Price often going faster to down than climbing to the upside! It is too early to say anything but it is a big probability for this scenario!
One of them will win for sure and it is very contradictory! Wich one is the right choice? If you are in the position from the beginning of the right shoulders and you chose wedge than in the back-test level of the wedge is a possible exit area around 8100 If you are not in or you exited already from HS but still believe in the main target of HS around 8900, then...
Price is at a very strong support area! The pullback can start at any time!!!!
Like everything TRX also no exceptions depending on BTC behavior!
Be very careful! Possible reversal area or strong pullback area! It can happen a spike stop grabber!!!!!