buckeyebrian17

Potential Bearish Targeted Bitcoin Entry Point

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KUCOIN:BTCUSDT   Bitcoin / Tether
Bitcoin will be Bitcoin, so it's entirely possible it could rocket to $30K next week. Based on recent rejection at the $23K level, I've noticed an extended trendline off the descending wedge. I've adjusted Fib Retracement to the bottom of the descending wedge to find a significant correlation on the 0.618 as an added potential confirmation if this were to play out. My circle marks what I believe to be (not financial advice) the next - and possibly last excellent entry point before Bitcoin launches into the next Bull Market. Not shown here, but I'm also noticing a bearish divergence on the RSI and MACD 4H and 1D charts, confirming continued bearish movement for this charting strategy.

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