Descending Wedge to Test Log Trendline
Does what it says on the tin!
Looks like this wedge will takes us down to test the .382 fib level at 8450 and we're so close to the log trendline I wouldn't be surprised if we also give that a go. If we confirm that as support - should be pretty good for heading north! Also just below this we have the 50 MA around the 8100 level and the psychological round number of 8000.
Just my 0.2 btc.
Looks like this wedge will takes us down to test the .382 fib level at 8450 and we're so close to the log trendline I wouldn't be surprised if we also give that a go. If we confirm that as support - should be pretty good for heading north! Also just below this we have the 50 MA around the 8100 level and the psychological round number of 8000.
Just my 0.2 btc.
Note
Adjusted wedge slightly.
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