Hi everyone,
We are still in a wedge for Bitcoin. We took out the liquidity that resided above the last swing high, and right now the price is showing rejection, which is creating a new high, with liquidity that resides above it too.
In the following days, we might /witness some red days, which will make retail enter short, then test the 0.68 Fib level. After that, we might break above the resistance shown, retest, and then reach the 27,750 level.
In summary, we are going to see a move to the downside (short-term), then to the upside (mid-term), and finally continue our long-term downtrend.
We are still in a wedge for Bitcoin. We took out the liquidity that resided above the last swing high, and right now the price is showing rejection, which is creating a new high, with liquidity that resides above it too.
In the following days, we might /witness some red days, which will make retail enter short, then test the 0.68 Fib level. After that, we might break above the resistance shown, retest, and then reach the 27,750 level.
In summary, we are going to see a move to the downside (short-term), then to the upside (mid-term), and finally continue our long-term downtrend.
