Possible BTC scenarios after the break out of the falling wedge. If we break out here shortly we can possibly expect to see a AB=CD and Cypher patterns and targets as illustrated. I had extended a pitchfork to also illustrate how price would fluctuate toward center, confirming or reinforcing the AB=CD scenario. This is the assumption that we break out bullish here in the next few days. If we continue further down the falling wedge pattern and break out lower I had illustrated that scenario in with the dotted lines. Breaking out of the larger falling wedge patter (illustrated by dotted blue and dark red lines) pattern rather later than sooner. In any case my expectations are bullish
Kommentera:
we may not break support at 5750 which would mean a break out of the falling wedge sooner than anticipated. Then again we may break support and price falls further
