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$BTC Both Sides Of The Trade
Price action has gotten rejected at the top of wave four and came down for wave 5.
The yellow 4hr 200MA is trying to hold as support.
Currently we can see a blue falling brodening wedge pattern that is also in wave 5. Falling brodening wedges breakout to the upside 68% of the time.
The bulls need to break above that pink top trendline of the bearflag. Which would also be the green Adam and Eve double bottom trigger line.
If the bulls can break above those lines that would open the door for approx $110K.
A breakdown of the pink bearflag could send price down to $62,700 area.
This was all in my previous updates except for the blue falling broadening wedge. Targets of approximately $95,376 and $100,633.
Remember targets are approximate until the breakout occurs.
NFA, DYOR ⚠️
#Crypto #Trading #BTC