BTC Fractal with Summer 2017
Similar wedge setup to summer 2017 - this was one of the biggest shakeouts before BTC went truly parabolic.
A highly visible wedge like this will often not yield great investment returns as everyone is watching it.
A break of the lower end of the wedge would bring long term "end cycle" rhetoric and convince many away, although long term BTC should continue its new highs.
Using 2017 as a guide, 27-29k would be the ideal add zone. Look for bearish crypto articles and general rhetoric for bottom confirmation.
A highly visible wedge like this will often not yield great investment returns as everyone is watching it.
A break of the lower end of the wedge would bring long term "end cycle" rhetoric and convince many away, although long term BTC should continue its new highs.
Using 2017 as a guide, 27-29k would be the ideal add zone. Look for bearish crypto articles and general rhetoric for bottom confirmation.
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