BTC reclaimed BDW - where to next?
BTC broke resistance overnight and reclaimed the bottom of the broadening descending wedge, we still have to get back above the trend incline line (red) but I don't think it will hold too much resistance.
Looking at order books many exchanges have a lot of sell bids at 59k, this is around the Target 1 of the broadening descending wedge so that's not too surprising, from there I expect a retest of the daily OB at 56500 before attempting to reclaim 60k.
Getting above 64k would get BTC out of the woods and from there I would expect new all time highs to follow.
In the mean time paying attention to key levels and hoping we continue to claim and don't start loosing levels again.
Have a good day!
Looking at order books many exchanges have a lot of sell bids at 59k, this is around the Target 1 of the broadening descending wedge so that's not too surprising, from there I expect a retest of the daily OB at 56500 before attempting to reclaim 60k.
Getting above 64k would get BTC out of the woods and from there I would expect new all time highs to follow.
In the mean time paying attention to key levels and hoping we continue to claim and don't start loosing levels again.
Have a good day!
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