jalapablo

BTC Volume Price Analysis: Wedge Rising

Short
INDEX:BTCUSD   Bitcoin
The wedge is still rising and playing out as forecasted. Clear diminishment in demand (buying power) in contrast with rising price action. This sort of divergence is toxic to the bulls. We've got another push in make (5), however, before we see any sort of ABC correction, and this may happen in the next few weeks. This final wave can propel BTC to upper the 35-40K realm possibly before the levee breaks. When this happens, we can have a pronounced pull back to the low 20s before stopping supply re-emerges. So be careful you don't get trapped with the rest of FOMO retail. Let's see how it all plays out.

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