The current BTC volume and RSI setup match that of a wedge and and BTC may experience a capitulation and retrace to around the 13 to 15k level before the uptrend resumes
https://t.co/KoKTw26gxi
The target for the head and shoulders as detailed in the Oct 3rd chart below is $38k,
and It looks to me that the target has been reached.
https://t.co/fhp8cojmkA
This could be a a beartrap as the target for the Ascending Expanding Wedge is the distance measure between points A and B on the chart .
This target should be between 28200 and 27924; Hence I would expect BTC to bounce here or at the maximum at 27924
https://t.co/UVSLQZ1beR
The target for an 'ascending Expanding wedge" is the distance from highest point inside the pattern to the lowest point.
in this case this measurement will give a target of 28261. However BTC has only hit
28600.....so what gives ?
https://t.co/Ek6lvJSnu0