Conflicting BTC Signals
Updated
As others have noted, BTC-USD has set up a bit of a H&S pattern, which may indicate a reversal outside of the bullish channel it's been following for the past couple weeks. However, it also appears to be setting up a descending wedge, a potentially bullish signal. Currently feeling optimistic, but objectively appears somewhat neutral. I'm interested in seeing how this resolves!
Note
Descending wedge still holding. If it holds for another day or two I expect a surge upwards. 4100 is likely a key support.Note
Surprisingly we've seen a candle close above the wedge. This may signal a future breakout or may be establishing a longer wedge.
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