2 4hr closes above dscndng wedge pattern; looking for bullvolume

A ver good sign to see a second 4hr confirmation candle close above the descending wedge pattern. However we are still inside the bear flag, and we need to see a big surge in bull volume to validate and trigger a bullish breakout from this descending wedge otherwise it's just a bull trap. So for now I'm neutral bt hopefully we will see the bull surge very soon which will allow us to surpass the 4hr t line, the psychological resistance of 8,000, and finally rise up above the top dotted red trendline of the bear flag...if we see the price action surpass those 3 barriers and do so with a nice surge of bull volume then we can safely assume that the descending triangle pattern ahs been triggered and that it's time to switch from neutral to long...we should know within the first hour or 2 of the current 4 hour candle if that is going to be the case...still wise to be prepared for both outcomes bullish or bearish.

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the blue fib line is still currently acting as support.

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A hint of bull volume to come: we actually just got a big huge swell of buy walls on gdax...very good sign...there is a 400 coin wall at 7900 and then just in front of that a 200 coin wall at 7910 and just in front of that a 100coin wall at 7920...also directly behind the 400 coin wall is a 100 coin wall at 7890...which means from $7920-7890 there is collectively a 900 coin buy wall ...on the sell side there is only at 7950 a 170 coin wall and then a 222 coin sell wall way up at 8050 right at the bear flags top trendline.
so it looks like a bunch of whales are gearing up for a bull run...could be wrong it could be a spoof...but I just bought in a little bit more just in case...which I will stop out pretty quick if this wall falls through...its massive, and I expect it will lead to something big....if it's a spoof I will stop loss out to prevent any major loss....Any other laddering in I will wait until I see us close and confirm above the bear flags top dotted red trendline.

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and it was instantly exposed as a fake buyw all I stoped out and will limit buy back in soon for a small amunt of profit. Always best to cover your ass in these situations and watch out for fake walls like this. It was a too good to be true situation.

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actually the buy wall is back so maybe not a spoof after all...a bunch of whales seem desperate to keep it from dipping below the blue fib line...likely because they don't want it to drop low enough to trigger the 1day chart deathcross or the massive head and shoulders.

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The new 4 hr candle just tested the 4hr t line and it proved to still be strong resistance...so for now we are still at a standstill with the t line as resistance and the lue fib line as support...15 4r candles into this bear flag...craziness.

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the big buy wall has all but disappeared and was likely a whale spoofing. not a reassuring site..it's always wisest to amke decisions based on chart analysis moreso than depth chart analysis.

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the candle continues to try to knock down the tline resistance...it is relentless and may eventually weaken the bears enough to break through it.

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it has wicked over the t line...if it switches the t line fromr esistance to support that is a great sign because it seems then that this descending triangle pattern will probably have its bullish breakout volume triggered. we will ahve to wait and see.

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back under the t line still resistance for now.

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however once a candle breaks through a resistance line it greatly weakens that resistance and makes it easier for it to pass abovce it again on any further retests.

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the 1hr t line and the 4hr t line are practically overlapping right now....one of the biggest reasons it's so ahrd to overcome the t line right now is that on the one hour the 50MA is hovering just above it.