Usually descending wedges break up, but the probability is there to break down. And we broke down, tremendously. We broke down from the smaller downward wedge, to the downside locked between Gann (FIB) 1/3 and 1/4 levels. It looks like the 1/4 and 1/2 levels are the actual wedge in play. This is usually the stronger level, but we HODLer's need to good news. As of now, it's looking like we are heading to test 29-30k.
Looking the previous months trajectory, looks like market makers are aiming to reclaim liquidity provided by traders through all of the past year.
A bounce at 33-35k, before hitting the bottom of the range, as we managed by August 2021, after the crash in May? Or will we retest previous ATH's?
Honestly, I'm hurting. Even if I did expect this as a possibility. :(
Looking the previous months trajectory, looks like market makers are aiming to reclaim liquidity provided by traders through all of the past year.
A bounce at 33-35k, before hitting the bottom of the range, as we managed by August 2021, after the crash in May? Or will we retest previous ATH's?
Honestly, I'm hurting. Even if I did expect this as a possibility. :(
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