BTC in a falling wedge to ~44k before turning upwards

We came from a clear raising wedge while RSI was showing bearish divergences. This evidenced a necessary correction before continuing upwards to new ATH.

The correction is now in progress developing a beautiful falling wedge. This wedge will offer entry points around ~44k before turning upward again in Jun.

Double bottoms behaviour at RSI supports this predicted falling wedge.

Good look.

Kommentar:

Developing as expected, BTC sentiment is changing to bearish and panic sellers are helping on the formation of this falling wedge.

Stay tuned for the rebound around ~$47k or a little below: that will be a good entry point for mid/long term traders or for scalping about a +20% till the top of the wedge.

Good luck.