BTC Calm Before the Storm

Decreasing volatility after a couple months of consolidation leading toward potential big move in 2 to 3 weeks, currently held in place in part by descending triangle and 20 day EMA. A review of MACD at 1, 2, 3, 4, 5, 6, and 7 days would suggest a rolling over toward the upside for medium term bull run, in the face of/despite said descending triangle and massive head and shoulders starting near the beginning of the year (which can't be easily discounted). Wouldn't be surprised by big dirty spike down out of the triangle to approx 30k and then quickly back up to flush out leveraged shorts and stop losses (max pain). Bright yellow curve is long term (since inception) log curve and strongest support should H+S play out in full. Not financial advice!
Bitcoin (Cryptocurrency)BTCBullish PatternsbullrunChart PatternsconsolidationDescending TriangleTechnical IndicatorsTrend Analysis

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