Bitcoin in a descending Broadening wedge on the 4 hour.
Looking for more downside in the coming day or 2 with a test back at 8800 as a medium probability.
If rejected again at 8800 I am going with that BTC will make its way down to 8350 to 8150.
If the price holds at 8150 I foresee retesting the 200 SMA on the daily at right around 9200 to 9500-sh.
If 8150 is taken out then 7600 is the next target.
At 7600 I anticipate a nice move back up toward 8500 to 9000
Happy trading everyone and trade responsively and responsibly.
If rejected again at 8800 I am going with that BTC will make its way down to 8350 to 8150.
If the price holds at 8150 I foresee retesting the 200 SMA on the daily at right around 9200 to 9500-sh.
If 8150 is taken out then 7600 is the next target.
At 7600 I anticipate a nice move back up toward 8500 to 9000
Happy trading everyone and trade responsively and responsibly.