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btc
btcusd
chartpattern
trendanalysis
xbtusd
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Falling wedge has been developing, clear bullish divergence happening. This is a weekly chart so could take a while to play out but role on 2020
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Typically we move upwards from a falling wedge. I see us, potentially, hitting around 6380 - 6370 with a move up towards the wedge resistance with a possible break out upwards. Confirmation of break out will be 6480 with a target of around 6680 - 6720. There is also a falling wedge on RSI giving some confluence that we may break up. Will be interesting to see how...
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BTC has been following this trendline on the 1 hr chart. There is now a triangle forming this will either break upwards or downwards. Get ready!
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