October 4, 2026

Capitalizations Index – B ∞/21M

BTC v1.05 FollowUp – Closer Look At Rising Wedge [4hr]

Btc v1. 05 followup - closer look at rising wedge [4hr]

BTC v1.05 FollowUp – Closer Look At Rising Wedge [4hr]

Btc v1. 05 followup - closer look at rising wedge [4hr]

bitcoin is currently forming a possible bear flag on the 4hr chart. In order to invalidate this formation, the bulls would have to push the price back up with higher volume , but looking at the daily Stoch-RSI, it appears that buyers may be out of steam for the next few days, which would project further downwards price movement. Current levels to watch are the $3,700 and $3,500 region, with the $3,700 being an important short term target. Depending on how strong the bounce around this area is, we could either see consolidation for the bears, or a possible trend change for the bulls.

Short Term Statistics (Few Days):
– Price Moves to $3,700 (40% Chance)
– Price Moves to $3,500 (40% Chance)
– Price Moves Elsewhere (20% Chance)

Levels to watch:
– $3,700 (Target of the Rising Wedge )
– $3,700 (Area of 0.618 Fib Retracement)
– $3,500 (Strong Support/Resistance )

Notes:
– Daily and Weekly timeframes show potentially bearish scenarios, which in turn could result in downwards price action on lower timeframes.

Published at Fri, 22 Mar 2019 02:26:30 +0000

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