The million dollar question, was it a descending triangle or a falling wedge pattern? This comparison shows how close we are to decision time. If we drop below the EMA after this pump we will have a long time to bottom.
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Could this be some kind of double top pattern playing out? Thoughts?
It's really hard to argue against a pullback to the high 20,000's. The market is at a point where it needs a big amount of capital to push us past resistance, and I really don't think institutional investors are going to buy in at the top of a mini pump like this.
TechniBlock
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@justindchaney, I agree but it looks so bullish. Lol They do draw an awesome reason to get bullish but I think 2021 pump is over. Who knows tho!