BITCOIN still on track!?
Updated
In my view you could as alternative to all common pattern draw a wedge pattern like mine and all looks technically absolut correct.
Bouncing would be right... falling wedge -> long ahead.
In my opinion a great and positiv alternative view to all that much blood in the streets.
Indicators are confirming my theory at this point.
The trendline on the bottom of the wedge would be another support, like my blue line too.
Another support would be around 5k.
EXPECT TO moving in the wedge and breakout upward later.
Bouncing would be right... falling wedge -> long ahead.
In my opinion a great and positiv alternative view to all that much blood in the streets.
Indicators are confirming my theory at this point.
The trendline on the bottom of the wedge would be another support, like my blue line too.
Another support would be around 5k.
EXPECT TO moving in the wedge and breakout upward later.
Note
Now I look at Tradingview for Ideas and I see a lot of other traders are publishing similar ideas with BTC now in a wedge instead of a triangle...Confirms my viewpoint.
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