BTC.D will probably come back to the support of the 99 MA (1D) / 38.2% Fib. Since these support levels are a bit lower than the lower Rising Wedge boundary, I'll except a fakeout before it returns back to at least the previous high or even higher. As soon as the MA / Fib support level seems to hold (green daily candle close above it), long BTC.
Note
Perhaps the uptrend after the fakeout will be even a bit faster than drawn in the chart. I expect it to reach the upper Rising Wedge boundary mid of August - especially when I consider the TOTAL2 chart.Note
Massive bounce on the 1D 99MA & 38.2 Fib support.Now let's reclaim into the rising wedge.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.