Lack of Bull Volume is making the validity of this Rising Wedge all the more interesting.
We'll need to confirm above $7650 to invalidate this Rising Wedge.
Let's see what happens soon...more downside ?
Stay sharp :-)
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I won't be surprised if BTC meanders for the next 8 hours or so, reaching $7700, and then dumping to $7150 - $7300.
I'm ready to go Long or Short when the play is there :-)
Let's see....
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Bulls are definitely trying to protect the $7555 price-point in the short-term here.... $7555 could be the prelude to the Bears wrath. Bulls can feel it.
Bulls need to CONVINCINGLY get above $7730 now to lull the Bear back into short-term hibernation.
This is all my own opinion, I'm not a Guru :-)
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Bulls need to protect $7590. That’s now outside the low-side of my Wedge.
Bulls need more volume. Just a few Bulls representing the Herd presently.
Love it. Been trading in between it with tight stops all day
Jeff_Cryptopop
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Looks like it's made it's last peak at 12 before the fall. I say maybe 3 more candles and it's be down. Might take a couple more to get a good selloff going though.
I see the same pattern from the wedge before. It behaved the same way back around 0300 on the 23rd then around 1930 the same day and now. I love patterns. They are a map for future decisions!! I agree with you. I think it’ll drop down to 73- 71ish like you said! Hopefully we can make some profits before that. I