BitcoinShort
Bearish point of view for $BTC. Price action trading.
Here's what I'm looking at and my reasoning behind it.
1st target is a daily support level and correlates with the 61.8 fib retracement level.
2nd target is just using the base of the wedge to estimate the size of the move if the pattern (rising wedge) plays out according to textbook rules. 7% drop.
1st target is a daily support level and correlates with the 61.8 fib retracement level.
2nd target is just using the base of the wedge to estimate the size of the move if the pattern (rising wedge) plays out according to textbook rules. 7% drop.
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