RISING WEDGE ON BTC/USD WITH DOUBLE FAKE-OUT!
THE RISING WEDGE IS A BEARISH PATTERN.
BEARISH PRICE TARGET WOULD BE AROUND THE $14800. THE MOST LIKELY SCENARIO.
BULLISH PRICE TARGET WOULD BE AROUND THE $17800. BUT AT THIS POINT IT WOULD BE SO BULLISH THAT WE COULD GO ALL THE WAY TO THE PREVIOUS ATH AND MAYBE EVEN MAKE A NEW ATH.
BEARISH PRICE TARGET WOULD BE AROUND THE $14800. THE MOST LIKELY SCENARIO.
BULLISH PRICE TARGET WOULD BE AROUND THE $17800. BUT AT THIS POINT IT WOULD BE SO BULLISH THAT WE COULD GO ALL THE WAY TO THE PREVIOUS ATH AND MAYBE EVEN MAKE A NEW ATH.
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.