Rising Wedge Breakout & Double Top Reversal
The current correction, which formed a rising wedge pattern, has completed and lower boundary of the wedge has been broken. After the wedge breakout, BTC has formed a double top reversal pattern.
Moreover, as shown in the chart, the wedge shaped correction was 61.8% retracement of the down wave.
I expect BTC to decline from here and drop to or surpass the last lowest low of around 4000.
Moreover, as shown in the chart, the wedge shaped correction was 61.8% retracement of the down wave.
I expect BTC to decline from here and drop to or surpass the last lowest low of around 4000.
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