BTC:scary if wedge’s measured move plays out; will 28k hold?
BTC after forming a wedge, breaks below it. If it breaks above, the measured move would have been to 64k.
What is scary is that if you calculate the move down from wedge BO, it falls along the 20k level!
20k is a strong support. There is a vacuum in between 28k & 20k so BTC may fall very very fast now that it already exceeded 28k…unless it reclaims 28k in this weekly candle.
Wave 4 is definitely an expanded flat.
Good luck to all of us.
Not trading advice
What is scary is that if you calculate the move down from wedge BO, it falls along the 20k level!
20k is a strong support. There is a vacuum in between 28k & 20k so BTC may fall very very fast now that it already exceeded 28k…unless it reclaims 28k in this weekly candle.
Wave 4 is definitely an expanded flat.
Good luck to all of us.
Not trading advice
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