The last stand! Up or down, you decide

Hi all, simple chart, simple explanation.

We are in a rising wedge.

Daily closes must stay above around $66.2k for bullish continuation (2 days at least) AFTER a retest of $65.3k.

Otherwise if this fails with daily closes below $66.2k after the retest of $65.3k.

I see a falling wedge in the making, highlighted key areas I think there will be retracements.

Ultimate bearish target completion = $52.6k give or take $500. From my calculations.

This is NOT financial advice, DYOR.

My thoughts....

The Whale whisperer

Kommentera:

Hi all, ran through some numbers again. I will be increasing the buy area from $52.5k to $54.5K, give or take $500.

I believe there will be massive support in this area, and huge rally to re-test $70k, worrying about $2k difference is immaterial when the upside is potentially huge.

Not financial advice, DYOR.

My thoughts....

The Whale whisperer