We can see that Bitcoin almost touch rising wedge resistance.
Rising wedge is a danger pattern for bullish,
if this pattern break down, bearish target at 6588, but to reach that we have 6872 as strong support, this is our keylevel for this week.
You can see that bullish flag perform again.
We can buy bitcoin at 6994 at flag support and aim for bullish flag projection at 7387 with maximum target at 7500 (internal pattern projection from previous analysis)
or, if key level touch we can buy with same target. but careful, if keylevel break down, bearish will perform with long body candle.
To understand more about this setup, check our video analysis.
Rising wedge is a danger pattern for bullish,
if this pattern break down, bearish target at 6588, but to reach that we have 6872 as strong support, this is our keylevel for this week.
You can see that bullish flag perform again.
We can buy bitcoin at 6994 at flag support and aim for bullish flag projection at 7387 with maximum target at 7500 (internal pattern projection from previous analysis)
or, if key level touch we can buy with same target. but careful, if keylevel break down, bearish will perform with long body candle.
To understand more about this setup, check our video analysis.
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