We need to see a breakout of the wedge...

18 Oca 2021

We've seen price honouring support at 35k now three separate times. While this is bullish it shows a strong sentiment to consolidate to the downside. This week I will be looking to see which event happens first: 1. we break outside the triangle using it as support (very bullish) 2. we break down below our 35k support and consolidate down to 30k. There will be more certainty as to which one is more likely to play out as we hit the upper limit of the triangle this week.