BTCUSD Perfect Storm?
We have a major ABCD retracement, i know most are hoping this is the end of it however with the huge amount of hedge funds being approved to enter the crypto space that leaves alot of room for maniuplation with MC at 500B. This is an alternative view of the current price action where we may see an ABCDE triangle decending wedge which falls just outside the long term holding trendline. Breaking this long term trendline would freak most people out, what a perfect spot to to seriously get everyone with weak hands to sell. Wouldnt be surprised to see an overshoot from the paranoia only to see it come right back up,... HARD AND FAST!. Should this play out we can still see a potential 7500-8500 area for a major reversal. Just HODL and dont let these funds buy your BTC! HODL
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