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nagihatoum

BTC rising wedge

Long
nagihatoum  
BYBIT:BTCUSD   None
Trend Analysis Chart Patterns Gann BTC BTCUSD
24
9
trendanalysis chartpattern gann btc btcusd
Unlike CME future chart, on the BTC chart, price is still confined within a rising wedge. I expect a test of the 4h 200 ema then a drop out of the rising wedge to its target around 5.7k. Daily ichi cloud will provide resistance as well.

I don't recommend longing in a downtrend.

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