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thekevin
22 giu 2021 15:33

BTC Possible Breakout in Early July? 

Bitcoin / US Dollar IndexBitMEX

Descrizione

The grey line represents the major fibonacci extension level from the wave 1 (refer to my last post for a better look at that). The green line is a major horizontal support line. I see a potential higher low to be made. The fib extension acting as short term resistance and this horizontal line acting as support. After this, the wedge could break upwards. Furthermore, the bullish divergence showing up in the RSI can't be ignored.

My idea will be invalidated if a new low is made below today's lows.

Commento

The current 3 day candle doesn't close tomorrow but it looks like a good support area. This will be invalidated with a decent close below this area tomorrow night.

Commento

This is my secondary wedge idea that would have us break out even faster. I decided to originally post the most conservative version I found.

Commento

Wedge Update.

Commenti
rootkit69
Fingers crossed
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