BTC is forming a falling wedge on the daily timeframe.
註釋
If we zoom in on the daily timeframe we can see another, smaller falling wedge that would bring us to resistance trend of the (daily) falling wedge
註釋
On the hourly timeframe we have a broadening descending wedge which would bring us to the resistance trend of the (smaller) falling wedge If the broadening descending wedge plays out it is very likely we will break resistance of the (smaller) falling wedge.
註釋
We are still in the broadening descending wedge We have a bullish divergence which could lead us to resistance trend of the broadening descending wedge and likely followed by a breakout
註釋
註釋
We have a breakout
註釋
We have closed above the resistance trend of the smaller falling wedge and it's now in play On the hourly tf we are forming a broadening descending wedge again
註釋
We might be forming an inverse Head & Shoulders that could lead us to our $7750 target