Possible broadening descending wedge on BTC Bitcoin?

Brace yourself: First bullish bitcoin post in months.

Looks like a possible broadening descending wedge. Looking for a bottom of this pattern to complete at 2800-3100 (200 weekly moving average confluence).

We should see a significant rally to the 4800-5100 level from the breakout of this pattern.

Will this be the bottom? I don't know. I am still holding onto my 1365 target for the true capitulation bottom.

Long target: 2800-3100

TP: 4900

Commentaire:

I am also look at the 2500 level as a potential bounce point. The broadening descending wedge support zone is there, as well as a huge volume profile node (refer to this idea where I predicted this scenario MANY months ago)

Transaction en cours