BTC - Fear is stronger than greed

crypto_poet Updated   
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Just having a coffee break in between my work duties. The Penguin indicator again is sitting on the chart. I can imagine we are in a danger zone here with 2 possible scenarios. I am presenting the more likely one. Weak confirmation of this rising wedge ( bearish pattern ) and sudden, rapid move to the downside. If current target won't hold, $20k will turn into resistance. For now if this isn't a fakeout (also possible), we are looking at sub 20k as target zone for BTC within the next 3-4 weeks. This move could be accelerated (affected) by external factors.
Trade closed: target reached:

No LONG until price locks daily above $22k (atm)
$18363 😶

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