Short

we will retest ribbon wedge at 28k

Updated

despite recent bullish momentum, we are trading within the original bearish wedge, and it looks like we are printing an interesting 2 week candlestick pattern right as the wedge pinches together. rsi is at 75% (highest since 2020,) indicating a reversal coming soon, i anticipate we will retest the ribbon wedge area around 28k, and then we will see how this pinch on the MACD histogram wedge finally plays out.

Note

bitcoin loves fakeouts. i think this is possible again.

bmrm98

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