Looking at the bad news in the past weeks we should have gone like straight bottom, 30/50% down. Instead we hold 25k nicely. Now that we are above MA200 weekly and perhaps will use at support, I see two possibilities. Bullish and Bearish. It hold so well so maybe we can think BTC has some power to complete the falling wedge (red lines), reach 30k or even beyond. Bearish, if we lose MA 200 weekly or 25k we could be exiting a rising channel that we are riding since the last bottom.
Tending to be on bullish side but with just one foot inside, till i have more positive confirmations. One foot out to buy after confirmation or on more bottoms.
Good luck Jacinto
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Attempting to exit falling wedge. Adjusted bearish situation. HS.
Trade active
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We breakout of the falling wedge. It seems.
Staight ahead now and IHS is validated quicker (orange) than i thought. Just a few hours after creating this TA.