BTC.D fakeout before long

BTC.D will probably come back to the support of the 99 MA (1D) / 38.2% Fib. Since these support levels are a bit lower than the lower Rising Wedge boundary, I'll except a fakeout before it returns back to at least the previous high or even higher. As soon as the MA / Fib support level seems to hold (green daily candle close above it), long BTC.

Kommentera:

Perhaps the uptrend after the fakeout will be even a bit faster than drawn in the chart. I expect it to reach the upper Rising Wedge boundary mid of August - especially when I consider the TOTAL2 chart.

Kommentera:

Massive bounce on the 1D 99MA & 38.2 Fib support.

Now let's reclaim into the rising wedge.