Goodmorning.
Here today we have the bitcoin chart..
We could expect this pullback. Why? we have reached to pushes above and formed a wedge.
Not exactly the pattern wedge but the basics of a wedge 3 pushes.
The market often reverses when price makes 3 pushes (the other way).
AT the moment of writing technically bitcoin is still bullish. We need to hold this level it is a 50% pullback of prior breakout.
BUT
if we manage to go below expect a test of prior supports.
Here today we have the bitcoin chart..
We could expect this pullback. Why? we have reached to pushes above and formed a wedge.
Not exactly the pattern wedge but the basics of a wedge 3 pushes.
The market often reverses when price makes 3 pushes (the other way).
AT the moment of writing technically bitcoin is still bullish. We need to hold this level it is a 50% pullback of prior breakout.
BUT
if we manage to go below expect a test of prior supports.