BTC Longertm View
+ Monthly STOCH bottoming
+ Weekly STOCH shows room to grow
+ Greater Falling Wedge possible breaking out upside with 5.600 target nr.1 for upcoming weeks/months. If we take the beginning of the G.Falling Wedge, we can measure up to 8.500 but that is very unlikely.
+ Daily BTC volume decreasing, price steady
- Retest of 3.500-3.600 very likely on daily chart
- Possible larger bear flag vs Symmetrical Triangle breakdown to 2.400 if 3.500-3.600 and then 3.000 will not hold
+ Weekly STOCH shows room to grow
+ Greater Falling Wedge possible breaking out upside with 5.600 target nr.1 for upcoming weeks/months. If we take the beginning of the G.Falling Wedge, we can measure up to 8.500 but that is very unlikely.
+ Daily BTC volume decreasing, price steady
- Retest of 3.500-3.600 very likely on daily chart
- Possible larger bear flag vs Symmetrical Triangle breakdown to 2.400 if 3.500-3.600 and then 3.000 will not hold
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