BTC is about to breakdown, out of the rising wedge.
The price is currently at a crucial point, namely at the edge of the rising wedge. There is a heavy fight going on at this point between the Bulls and the bears, as you can see on the Inverted Hammed candlestick (bullish, reversal candle) and the Shooting star candle (bearish, reversal candle). Bulls buying up the price, as they think the price might bounce from the rising wedge, and bears selling as they think the price will fall through the rising wedge. I'm still in USDT as I'm STILL bearish on BTCUSD.
Be really careful, as I see some influential people on Twitter stating that the price did a bounce, while we can obviously see now the price is still on the edge and the fight is still going on.
Be really careful, as I see some influential people on Twitter stating that the price did a bounce, while we can obviously see now the price is still on the edge and the fight is still going on.
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