BTCUSD Ascending Broadening Wedge/Falling Wedge 8.1k-8.6k Bottom
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BTCUSD Ascending Broadening Wedge/Falling Wedge 8.1k-8.6k Bottom
- Two Alternate Ascending Broadening Wedge Formations Drawn with decline leading into bullish Falling Wedge formation.
- Breakouts downward of ABW at ~10400 or ~9800.
- Per Bulkowski, average decline of Ascending Broadening Wedge is 17%
- Targets ~8640 and ~8140, respectively.
- Two Alternate Ascending Broadening Wedge Formations Drawn with decline leading into bullish Falling Wedge formation.
- Breakouts downward of ABW at ~10400 or ~9800.
- Per Bulkowski, average decline of Ascending Broadening Wedge is 17%
- Targets ~8640 and ~8140, respectively.
Note
Ascending Wedge touches marked as 1, 2, 3 on upward slope, and 1, 2, (3a or 3b), and (4a or 4b) on downward slope.Falling Wedge touches marked as 1, 2, 3, 4, 5.
Note
Pink 3a and 3b correspond to the downward breakout and buy target in pink.Purple 4a and 4b correspond to the downward breakout and buy target in purple.
Note
Date range for this bottom target would be August 1 to August 9.Trade fermée manuellement
Posted update charts, see profile. Clearly not revisiting 8ks.
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