I decided to post a new topic since I have been posting screenshots of my BTC channel trades in my Onward Dasher post. The descending wedge outlined by yellow finally broke out. Right where I had my blue support line drawn from what I saw as a possible break out line the chart was creating.
The breakout seems to have stalled out right at the 1 Fibonacci line which I found from taking a Fib Extension from the base of the previous breakout to the ATH top and off of its extreme low. Beautiful how perfect that worked out! The blue box shows that 1 to 1 extension area. Off of this it might correct lower or stall. But I think it should follow my blue line up especially if it doesn't break the yellow support line around 10k.
Possible next levels are to the top of my green box which I created using the base of my descending wedge....
What do you all think will happen?