BTC is currently in a bull pennant. The measured move of the bull pennant is 9.6k. However BTC is inside a rising wedge. If price goes up to 9.6k, it will break the rising wedge which is uncommon. The downward measured move of the symmetrical triangle of the bull pennant 8450 right at the support of the rising wedge.
Which path it will take? Wait for the breakout of the triangle.
Keep in mind that in BTC rising wedges do break up when in strong uptrends.
Which path it will take? Wait for the breakout of the triangle.
Keep in mind that in BTC rising wedges do break up when in strong uptrends.
