I can see a rising wedge starting from March 16 after the big dump on March 12-13. So we can predict a dump again at the end of the rising wedge to the area I draw between 5600 and 5100.
Please be aware that it's just a TA, not investment advice.
Wish you the best!
PS: I hope you are healthy and safe at your home. Stay strong, we are together in this!
הערה
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Going above 7200 and closing daily candle will invalidate this idea.
@DrDovetail, The top gets higher every time but not much. So we will see what happens next.
dacto
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@DrDovetail, yes it does, but ascending triangles generally take place on an upside trend.
DrDovetail
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@dacto, true but I've also seen them quite frequently at the end of bear flags that end up signaling a trend reversal to the upside...much like descending triangles on bull flags often signal a trend change to the downside.
dacto
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@DrDovetail, that is a good point thanks for mentioning. lets see the breakout...
Nihal284455
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Excellent
markanthonykg
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Target set to hit above 7123usd in coming hours
shanehorn
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I see an ascending triangle short term should hit 7600 then short back down what are your thoughts?
nourin890
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good job
trade-crypto4ever
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I have the same direction as you have! Nice chart by the way!
Here is one of my ideas for BTC: