I drew this chat when BTC was 16k. The fib lines tell the story.
I'm expecting price to push higher at least double the height of the flag once it breaks to the upside, I then expect wickoff and a sell at the c point of the shark then a nice drop down to the D point!
We wicked off the channel and have proceeded to rise. Now we need to back test the support for a run to the up side. we will find resistance at the 50% fib line that we havent been able to break 2 previous times. If we break this i would expect higher prices. I'm Not a financial adviser, make your own decisions....Thoughts?
Ascending Broadening Wedge formation in re test process
Yes im still long btc based on buying the ascending triangle breakout . I LOVE BITCOIN MAN <3