LOOKS LIKE WE ARE MAKING A RISING WEDGE ON BTC.
THE BEARISH SCENARIO;
PRICE TARGET AROUND $10200 THIS WOULD PUT US AGAIN IN THE SUPPORT ZONE BETWEEN $10000 AND $10500.
THE BULLISH SCENARIO;
PRICE TARGET AROUND $11500 THIS WOULD PUT US INTO THE PREVIOUS RESISTANCE ZONE BETWEEN $11500 AND $12000. IF WE LOOK AT THE FIB LEVELS WE CAN SEE THAT THE GOLDEN POCKET IS ALSO AROUND THIS LEVEL. WE COULD EXPERIENCE A LOT OF RESISTANCE FROM THERE.
THE BEARISH SCENARIO;
PRICE TARGET AROUND $10200 THIS WOULD PUT US AGAIN IN THE SUPPORT ZONE BETWEEN $10000 AND $10500.
THE BULLISH SCENARIO;
PRICE TARGET AROUND $11500 THIS WOULD PUT US INTO THE PREVIOUS RESISTANCE ZONE BETWEEN $11500 AND $12000. IF WE LOOK AT THE FIB LEVELS WE CAN SEE THAT THE GOLDEN POCKET IS ALSO AROUND THIS LEVEL. WE COULD EXPERIENCE A LOT OF RESISTANCE FROM THERE.
Note
RISING WEDGE IS PLAYING OUT AS EXPECTED!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.