BTCUSD : weekly. descending wedge

Target zone :

or more aggressive variant. But this one include all indicator going so low and deep that we would end up entering guiness world record book for the lowest indicators ever recorded :

Overall check if break out :

And here i show you how i can draw beautiful lines :

Zlecenie aktywne:

seems to have found a support at projected lvls.

We are now in the most oversold state of the BTC history. November 2018 is the deepest ever recorded for BTC.

Zlecenie aktywne:

the next area if we broke this support is in the upper 3k :

Zlecenie aktywne:

if i trick the spike of the A (see green circle) it gives us a target reach for the abressive retracement.

The fifth wave is clearly present. The question of extension of the waves can still in be place. The bottom will be indicated a a huge rise in volume (what we have here) at support trend line. The rise in price is still not present. We need a sharp rise in price with a huge volume to confirm a recovery :

Komentarz:

i spotted an inv ABC that might take us to 5.3k in this post :

For now we landed on my most agressive 1.618 extension