Here is my novice level technical analysis for Bitcoin.
Bitcoin was on a stable increase in that canal.
Few days ago, it had sharp down and start drawing rising wedge.
Rising wedge will close in next 8 hours. As books say, expecting a downside pattern will follow the closing wedge.
Second picture shows what BTC did after I published my TA in the tradingview.
In classic approach, it will down to 15750 or maybe more, depends on selling volume.
But....
Bitcoin is famous for unexpected moves.
What if Bitcoin will rise and break the rising wedge to up?
21500 can be unrealistic for many traders, but remember that 18000 was too unrealistic 3 months ago at traders view.
