If you look at the chart patterns, we still have a bear flag
, and a rising (kinda) wedge
. When you combine this with the blow off top (after parabolic rise), the odds are still in favor of the bears. On the other hand, this is reminding me if what happened around 7.5k, its good to remember this is a bull market and the correction might not happen at all. Regardless, it looks like we are near the end of a wedge
so a breakout is about to happen soon.