


TiDu1981
As for now the Bearish pennant and rectangle are respected in the falling wedge. The numbers of hits to the upside are outnumbering in the bearish patterns aswel as in the bullish pattern. Roadmap is still bearish ;)
The clear target is the green zone, but we could re-test somewhere in the red zone as we are doing right now, counting is the name of the game ...
Don't see us falling yet out of the long wedge ...
Small pump or more correction to the downside ?
Before to enter in its correction wave / trendline ...
As you can understand on the longer timeframes from my charting I remain bearish, but short term "break out" imminent !
But doesn't look to strong for the moment.
Trying to figure out the bigger scheme for this month ...
As with most pattern formations, there are no guaranties that they will play out as to be expected, so for the moment I envision these two scenarios (with a slight preference for the upward correction)
Situation could be more devestating then first tought !
We still have more room to the downside ...
While BTC is trying to hold levels, Technical indicators are suggesting mayor corrections.