BTCUSDT MACRO Rising Wedge inside a Descending Broadening Wedge. PA within the given range.
imo, low is not in yet. waiting for the price to tap low 700's or high 600's and accumulate for a bit before rally up. i know the merge is near and all, but being a rational trader, one must also see things in light of Price Action. Also imo, the merge may not have that big (upward) effect on price action.
Perfect Head & Shoulder on HTF. If the neckline breaks, then most probably, the red projection will follow. Nonetheless, I do not rule out the idea of green projection due to strong buying power below $20.
Rising wedge. HH HL pattern --> breakdown imminent FIB Levels indicate that the price will go down to 650-750 range (Yellow zone). However, if this level breaks down, then the red zone is the next target.
Historical HH-HL trend on BTC chart -> Tends to breakdown 40%+ every time.