Price has broken down from the rising wedge previously discussed. However price didn't drop but retested the rising wedge several times. This delay in expected price action is not unusual. As long as the price does not go back into the wedge or go above it, the breakout is valid and we will see a drop eventually.
Price interestingly formed another structure namely an ascending triangle which is a bullish pattern. So again we must wait for a break out of this structure.
I am still leaning for downward action but price action is teetering bullish. We shall see.
Price interestingly formed another structure namely an ascending triangle which is a bullish pattern. So again we must wait for a break out of this structure.
I am still leaning for downward action but price action is teetering bullish. We shall see.
Comment:
BTC broke down from ascending triangle, candle will close in 25 minutes
