BTC's Bearish Momentum Should End Soon

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Just something I noticed while having a look on the 12hr line chart with the (O+H+L+C)/4 setting.
Looks like we could see one more wave down before attempting to break this descending wedge that's formed.
Price target would be higher if BTC broke up early (something around 45k)

*Wait for a 12hr close above/below before making a decision*

코멘트:

Added a horizontal line around where I'd expect the wave 5 bottom in the likely scenario that we reject here

코멘트:

Broke out of the wedge after a small 4th wave, Looking for a re-test of the upper trend line before we can confirm bullish sentiment

코멘트:

Scary near-perfect rejection from that 0.382

^closer view

^Same fib but low time-frame

코멘트:

코멘트:

Looking like a breakout & re test!

코멘트:

Back into the wedge

코멘트:

12hr closed, completing wave 5 (later than expected) expecting another attempt at a true breakout now

코멘트:

Looking good ;)

코멘트:

코멘트:

코멘트:

Closer look at the recent wedge breakout, looking much stronger than last time with that local double bottom on the lower TL of the wedge before breaking out!
Adjusted the upside target based on the wedge breakout location.
Looking strong for possible bullish momentum from here

코멘트:

Checkout this one!

코멘트:

BTC S/R levels: