Short

BTC - You Tricky Bastard!!!

Updated

Well, instead of breaking down from the Symmetric Triangle as it should have ideally and logically, BTC decided to go up a Rising Wedge!!

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Upon careful consideration, it could raise as high as 11.5k and fake break out to 11.7k tomorrow! Trade with caution!

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The bearish breakout of the raising wedge will be the premise this one playing out

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The Rising Wedge(bear case) has now turned into a Falling Wedge(bull case) on the 4h!

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Broken out of both, headed down but quite risky, coz there are many supports below and it might not even move below 10.2k. I would not short this!

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One might even be shorting the bottom, as the next bull run might begin in 3 days and BTC will sit tight range bound 10.8k and 10.1k until then. I will post the possibility of the next bull run starting when there is more clarity.

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Updates:

TulpenFieber

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