BTCUSDT price movement forecast
Updated
When rising wedge was formed there was not enough volume to break upward from it, hence the price moved down dramatically. At the current moment there are 2 possible scenarios. The first is a bounce back from 9800-10200 zone which is confirmed by Stoch RSI, Aroon and rising volume. The second scenario is breaking through psychological support zone and reaching Fib 0.786 support level where XABCD pattern will be finished and new wave of growth will start. All trades are very risky now we recommend to hold current portfolio till market stabilization
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Seems that the price follows the 1st scenario. If volume will increase BTC consolidates above $10000 then we will have a shorter version of XABCD and bounce from this point
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