Btc will break the smaller wedge(marked in teal), it will retest the previous low (the bottom line marked in white), which is also a bottom of a much bigger 4h wedge (marked in blue).
Commentaire:
Scenario 1:
It breaks a teal triangle and goes straight to the bottom (the white line at 18255)
Scenario 2:
It bounces of a teal triangle's downside, tests the pink line, bounces of it, and goes to the white line at 18255
It breaks a teal triangle and goes straight to the bottom (the white line at 18255)
Scenario 2:
It bounces of a teal triangle's downside, tests the pink line, bounces of it, and goes to the white line at 18255
We also have a trend line (marked in pink) which will be hard to break. If btc goes up to test the trend line or the wedge I suggest entering a short at 19200- 19300, we just have to see if btc will break the descending wedge