Fly the flag again, this time at half mast before the fall
Absorb a fresh set of buyers from the supply zone
Pump back into the middle of the broadening wedge
Get rejected, again
Slowly deflate over the next two months until support finally breaks
Panic-wick down to the mid-20s, then
Begin steady climb toward new highs by eoy
Pump back into the middle of the broadening wedge
Get rejected, again
Slowly deflate over the next two months until support finally breaks
Panic-wick down to the mid-20s, then
Begin steady climb toward new highs by eoy
Comment:
Market Update: Watch carefully to see if btc closes this next daily candle within the blue broadening wedge line. If it does, we will most likely get a false break to the downside at the start of the next daily candle before bouncing and creating a bullish hammer and providing some temporary relief to this space for the middle of the week.