Unless BTC breaks upwards from this enormous falling wedge we will see sub-$5,000 Bitcoin within the next few months.
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Update: BTC has bounced off the sideways resistance that forms the upper boundary of this falling wedge as anticipated.
Further downside likely.
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BTC has broken upwards from this descending wedge.
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Potential retest of the upper trend line. We could be in a bear trap right now. Either way, BTC is now in my ideal accumulation zone and I have begun buying.
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Reentered falling wedge and tested lower trend line as support.
One wedge to find them,
One wedge to bring them all,
and in the Bull trap Bind them.