BTCUSD to 85K

15 Nis 2023

BTCUSD is looking ready for another big move up.
Currently we are squeezing into the tip of a steep ascending wedge of which we failed to break the top of for now.
But when we do, its gonna pump hard.
Damn these last few months have been exciting to trade!

We bounced hard of that macro line (blue), which belonged to a large descending wedge we broke out of (20-01-2023).
I consider that validation we weren't going down anymore...
That big pump, is an impulse of that validation, so expect 2 more waves up, straight back into the price area Bitcoin belongs in. (Macro red top line to Macro grey bottom line)

I've plotted some similar waves onto the chart from similar moves on BTCUSD to get an estimation on how price could flow through time.


Have fun trading! Keep SAFU and remember to be patient.

15 Nis 2023

Not

tradingview.com/chart/WlnzqqcY/
Interactive Chart

15 Nis 2023

Not

23 Mar 2024

Not

We should top out around 90K, at the upper side of the wedge we broke into.
The upper wegde has slightly been adjusted to the touches marked by the red triangles.

Likely after touching and confirming the upper side of the wedge we will go for the lower side.