BTC Descending Wedge, more downside with potentially huge upside

13 Mar 2018

We saw a falling wedge in btc last month and another one that is larger now. The previous one played out perfect and we tested for a higher high but failed. We are now intersecting two supports that are diagonal lines which is the support within the middle of the big diagonal channel and the bottom support line we bounced off of in February. We will also bounce off a major fib level. Target after 7,1 is 8,971, if we break bear trend then the new target is moon.