BTC - Two scenarios

• Currently a few patterns at play, but two that stand out are the large symmetric triangle and falling wedge
• There are very striking similarities between the last three cycles, where they seem to mirror one another
• If BTC breaks out on upside of the falling wedge, price will most likely be stopped at 8.4K and come down to 7.25K, which is the lower support of the triangle.
• Next, do we break up or down out of the triangle? 
  • I personally hope we break up, since this is good for the long term, If price does break to the upside, the first major resistance will be at 10666
  • If price breaks down, then long term BTC will hit 4.74K. 
  • These price targets were derived using Ichimoku wave theory

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