ðĨ Bitcoin Rising Wedge Break Out: Correction Coming!
Over the course of the last few weeks, BTC has been trading very bullish. However, a rising wedge pattern might cause a minor correction in the near future. This might be the 4th leg of my Elliot Wave pattern analysis below.
If we can close the day below the support, I'm expecting further selling. Targets in blue.
Note that I think that there's still more gains to be had for BTC over the coming weeks/months. However, that does not mean we won't see any corrections on the way up.
If we can close the day below the support, I'm expecting further selling. Targets in blue.
Note that I think that there's still more gains to be had for BTC over the coming weeks/months. However, that does not mean we won't see any corrections on the way up.
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