I think that this latest run will BART down to previous support levels to re-test. It could break down more if the previous trend line doesn't hold. Although this can trade sideways and go up a good amount from here and still keep the formation, just making the BART head wider. I'm not shorting on this call but I am looking for a new entry based on the reaction of...
I don't know Dec 7/8th we might see a movement down? With accumulation till pressure triangle back up?
Also this could be wrong because BTC has performed well over the last weekend and traded sideways all week, maybe this is consolidation before a movement up.
Don't trade this chart, I just want to see how it goes :)
Good Luck!
My assumption is we'll see a move whether is is positive or negative within ~16hrs, as you can see from my previous assumptions for direction were incorrect, but were fairly correct about timing... We all hope it breaks down trend of course right? Unless you have a fat short on this baby COINBASE:BTCUSD !
