Bitcoin: Weekly Ascending Triangle + Daily Wedge
Major Pattern: Weekly Ascending Triangle (normally bullish)
Daily Pattern: Running Wedge (normally bearish)
Cycle analysis:
it is evident that every 3 months there is an alternating minimum and maximum
Maximum April
Minimum July
Maximum October
Minimum January
April NO maximum
In my opinion the points to follow are the last low of 18 April 38535, then the trigger point of the weekly ascending triangle, below 32855 the failed triangle would be confirmed with a target of at least 20k
conversely, the daily wedge may fail on the upside or evolve into a larger figure
in this case, 44k should first be decisively exceeded
and then see what will happen up to 47k
everything in between 38535 and 44000 is laterality
Daily Pattern: Running Wedge (normally bearish)
Cycle analysis:
it is evident that every 3 months there is an alternating minimum and maximum
Maximum April
Minimum July
Maximum October
Minimum January
April NO maximum
In my opinion the points to follow are the last low of 18 April 38535, then the trigger point of the weekly ascending triangle, below 32855 the failed triangle would be confirmed with a target of at least 20k
conversely, the daily wedge may fail on the upside or evolve into a larger figure
in this case, 44k should first be decisively exceeded
and then see what will happen up to 47k
everything in between 38535 and 44000 is laterality
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