BitcoinShort
BTC\USD Ascending Broadening Wedge FALL ALERT
Updated
In this idea we have a ascending broadening wedge On Bitcoin that really matches the behavior we have witnessed recently. I did my best to project the targets we should see as we break out to the downside assuming that is how this moves. Maybe it will maybe it won't. Only time will tell. Good luck to everyone and much love- ND
Ps-If you look at the formation in smaller frames where we are now you will see the exact formation that is towards the end of the example.
Ps-If you look at the formation in smaller frames where we are now you will see the exact formation that is towards the end of the example.
Trade active
Revised projection of movement for next week and a half
Trade closed: target reached
Revised chart with new downside targets
Note
The wedge within a wedge. Should run price action up to the top take profit and then we run to the bottom of chart take profit.
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