during the bull run btc moved inside this green channel. recently we broke up towards the purple rising wedge. right now it's moving inside a falling wedge targeted down towards $7800. I think that's when it will diverge back up. After changing its direction, the divergence point will be important to define the next wedge edge but we might end up with the purple wedge which would lead us towards $16000. then we will see the next major correction down to 11k.
this is a far fetched idea. there are too many "if"s to be fulfilled. however with the news circulating about the futures contracts, I think the chart will align well with the events.
this is a far fetched idea. there are too many "if"s to be fulfilled. however with the news circulating about the futures contracts, I think the chart will align well with the events.