We could seeing falling wedge pattern on time frame daily, its possible bitcoin will have reliefer rally or dead cat bounce before make another movement.
But if you look at bigger picture in time frame weekly, wee see the giant falling wedge pattern.
So how it will going by my analysis:
Btc will bounce around 23.000$ in several weeks before it collide with MA20 weekly. It will fullfill the pattern of falling wedge on daily time frame.
While it collide with MA20 weekly, it will dump hard to 17.000 level and make double bottom pattern in time frame weekly.
So we have double pattern and falling wedge pattern on time frame weekly.
“IF THIS VALID” our target price is around 110.000$ per BTC.
But if you look at bigger picture in time frame weekly, wee see the giant falling wedge pattern.
So how it will going by my analysis:
Btc will bounce around 23.000$ in several weeks before it collide with MA20 weekly. It will fullfill the pattern of falling wedge on daily time frame.
While it collide with MA20 weekly, it will dump hard to 17.000 level and make double bottom pattern in time frame weekly.
So we have double pattern and falling wedge pattern on time frame weekly.
“IF THIS VALID” our target price is around 110.000$ per BTC.
