Hey all,
A falling wedge formation is a good bullish symbol. There is no doubt that our price action has been trapped inside this wedge for a long time. There is slowly becoming less room for price action to form inside of this wedge. This will mean a breakout and the start of a new model. I think the chances of going below 5800 is just not likely right now unless some big whale is able to beat out all other whales and break that point heavily. Anything is possible of course.
The chances of us moving back into a bull market is wayyy more likely. I don't think this will happen quickly thought. The get rich quick mentality of crypto should be gone in your mind. You'll have to wait a few more years until your banking in some great great profits.
A falling wedge formation is a good bullish symbol. There is no doubt that our price action has been trapped inside this wedge for a long time. There is slowly becoming less room for price action to form inside of this wedge. This will mean a breakout and the start of a new model. I think the chances of going below 5800 is just not likely right now unless some big whale is able to beat out all other whales and break that point heavily. Anything is possible of course.
The chances of us moving back into a bull market is wayyy more likely. I don't think this will happen quickly thought. The get rich quick mentality of crypto should be gone in your mind. You'll have to wait a few more years until your banking in some great great profits.