#BTC is putting up a good fight and it is not Knocked out yet

$BTC was going sideways at $7800 for a while then dramatically dropped nearly $300 down to the mid $7500, This is the fight of the week between the bulls who are looking to hold important support lines and the bears who want to see those important support lines busted to further confirm lower downturns. Apart from the dump that saw it fall $300 BTC has stabilised at the mid $7500 levels Even though the prevailing market sentiment is favouring lower levels I cannot help to notice the descending wedge and sooner or later we must breakout. Further evidence of this upwards pressure can be seen where the candles have formed above the channel going down. So long as we stay above uptrend is more likely. Also keep an eye on the 4 hr close and if a doji forms at the bottom of a downtrend in an exhausted 5th wave then we will move up as the bears cannot push any lower. Chinups and safe trading.