Current falling wedge on the 1day btcusd chart.
Updated
Based on todays wick we may have just retested the top trendline of the wedge. However there is a chance this yellow trendline is a more valid top trendline and that we are already up above the wedge. I have included both just in case. Ultimately if we were to break above the green trendline here or in the next few days the measured move of that breakout would be somewhere between 62 and 64k. *not financial advice* Let’s see what happens.
Comment
Looks like price action wants to potentially retest the yellow line it broke up from.Comment
Top trendline of this wedge was correct but it took me a few ideas after this to realize there was a more valid bottom trendline.
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