BTC log dragon
Updated
Waiting for wave 5 inside a "bullish" falling wedge.
"Resistance" looks like "support" now.
We could "fall lower" to 61k but we seem to be forming a "higher low".
Important support/resistance 61k , 41.3k , 36.6k, 29.2k
I've added two channels from recent price action.
In case of breakout from the wedge the first stop could be the "top" of the channel at first "resistance" 41.3k, x marks the spot.
"Resistance" looks like "support" now.
We could "fall lower" to 61k but we seem to be forming a "higher low".
Important support/resistance 61k , 41.3k , 36.6k, 29.2k
I've added two channels from recent price action.
In case of breakout from the wedge the first stop could be the "top" of the channel at first "resistance" 41.3k, x marks the spot.
Note
Note
Some wave structuresNote
Note
Daily closed below 0.618 , good accumulation zone is 56.5 53.3 for final wave to +70k before bigger correctionNote
Clean viewNote
This aged well
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