I've had this chart charted out for the last 1 month +, BTC has been respecting the levels, I think it is more likely than not that there will be a trend reversal in the next 14 days.
Goes without saying, not investment advice.
Ascending wedges are inherently bearish patterns and this one is going straight in to a macro resistance. BTC by all accounts SHOULD go down, but this is crypto and these are weird times, we shall see how it goes.
Don't take this as investment advice.
Bitcoin has bounced of the long term 7700$ support, of the trending support, of the short term channel and is making an inverse H&S pattern. This all seems very bullish, and if it holds up, this is the time to buy.
The problem is the stock market and the global economy as a whole, which isn't doing too well, we shall see how it bitcoin reacts to it.
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