Bitcoin
Long
Updated

Rising Wedge , we will have a correction before next target @

346
Rising Wedge , we will have a correction before next target @ 61000 , the falling wedge supported by Wolfe waves 6 and RSI divergence , be caution this pattern would be confirmed by breaking down the wedge up trend , this scenario would be canceled in case BTC would break 51000 and stand above this level for daily candle toward 61000 the same target we are may see.
Note
For sure the pattern failed without confirmation , i said a close above 51000 and close above this level will lead BTC to mid of pitchfork now @ 63000 , 51000 should hold on weekly.

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.