Big Rising Wedge on BTCUSD
As shown in the picture you can see an evident rising wedge in formation on BTC.
Possible targets for the likely breakdown are: 21.5k, 20.5k and 18.5k areas. My personal targe is 18.5k area, it correspond with rsi oversold area and 0.618 fibonacci level.
The intermediate cycle (about 50day) is weak and we see some strength in the price only at the opening of the 10day cycle that has started shown his strength today and could stay strong for other 3-5 days.
The price could hold at those levels (23-25k) for 1, 2 weeks max and then start correcting.
Possible targets for the likely breakdown are: 21.5k, 20.5k and 18.5k areas. My personal targe is 18.5k area, it correspond with rsi oversold area and 0.618 fibonacci level.
The intermediate cycle (about 50day) is weak and we see some strength in the price only at the opening of the 10day cycle that has started shown his strength today and could stay strong for other 3-5 days.
The price could hold at those levels (23-25k) for 1, 2 weeks max and then start correcting.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。