The full wedge extends all the way into August. I certainly hope we break up from it well before then. I place the measured move line around where I think we old break upward from if we can flip the 200ma back to solidified support. It of course could actually take much longer to break up from the wedge but even if it did the lowest price of the wedge is really not that terrifying in my opinion and would instead just be a phenomenal buying opportunity if we were allowed to accumulate mote that cheap. Because of other major supports not shown here however going below 70k for anything but an extremely brief wick seems an incredibly low probability. *not financial advice*
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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.