the rising wedge, coupled with decreasing volume indicates that the rising wedge will break down. we are in an upward channel and from the fib retracement it seems like reasonable support is at $42k, which makes this a ~20% correction.
the only thing about this forecast is that it is so obvious that the market might fake everyone out.
the only thing about this forecast is that it is so obvious that the market might fake everyone out.
Commentaire:
this actually turned out to be a pretty good prediction