Just a possibility that nobody seems to be talking about
This is just a POTENTIAL scenario and I'm only pointing it out because I haven't seen anyone else mentioning it or talking about it. The lower time frames are painting a descending triangle. But if we switch to a line chart and look at the higher time frames, such as the 3-day, BTC is actually painting something more like a falling wedge, which would, of course, ultimately be bullish but would also entail a move back down to around 18K first -- something that would amount to a descending triangle "fake out" on the lower time frames. So --just a possibility -- but we could see a pretty big drop down to around there (ie, 18k), causing a bunch of shorters who are only looking at lower time frames jump in and go big on the short, and then it suddenly bursts upward and the shorters cry "fake out", when in fact they just had to look at the falling wedge on the higher time frames. Just something to be aware of and of course if it breaks that 18k area / lower line of the falling wedge, it will be a quick elevator ride down to around 13K and this idea will be invalidated.
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