The target for an 'ascending Expanding wedge" is the distance from highest point inside the pattern to the lowest point.
in this case this measurement will give a target of 28261. However BTC has only hit
28600.....so what gives ?
One explanation could be because if we turn on the Daily moving averages it shows BTC bounced at the MA150 which acted as support .
My thought is to avoid getting caught in a trap its best to wait for BTC to close above the 29802 resistance before entering a long to 34k .
Currently I'd still expect BTC is going to target the 34k zone.
in this case this measurement will give a target of 28261. However BTC has only hit
28600.....so what gives ?
One explanation could be because if we turn on the Daily moving averages it shows BTC bounced at the MA150 which acted as support .
My thought is to avoid getting caught in a trap its best to wait for BTC to close above the 29802 resistance before entering a long to 34k .
Currently I'd still expect BTC is going to target the 34k zone.
註釋
On the flip side any moves below 27500 should be considered a failure.
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