The line shows us the BTC is in accumulation phase and also it shows the past 23 days of BTC moves was not a Bull trend the didn't go higher than 25%, Thats very .
Currently price consolidates in a which is made between uptrend line and the 25% level line of fan, this is also .
At the end of chart we have 3 , one green and next of it is the yesterday's red candle and today's candle which is not closed yet but if it close as a then it is very too.
They can be a Bearish Tristar pattern or if we don't consider the first one as a (it is a little taller than others) then the 2 other can make 2 in row which is too.
I think today we will know which way BTC will go, up or down.
In my opinion in next 4-5 days BTC will go to 6000-6200 region or it can go lower, then the trend will change to a upward trend.
This is very good for Bitcoin , I really like to see it oversold on , it can be an excellent rocket fuel for Bitcoin .
Closer look of rising wedge: