Bullish: BTC Ascending Wedge pre breakout

Price action honouring the bullish ascending wedge with a late Aug breakout to the upside forecast. There is still the potential for further downside (isn't there always ;) with a test of support around 10k possible. I still anticipate a breakout to the upside thereafter due to the huge institutional investment going on atm. The earlier fakeout above 12k led to 125m long liquidations on Bitmex alone, margin trading a risky proposition atm, my strategy still to HODL for the medium term. Finally, retail fomo on top of this strong institutional foundation should catapault the price beyond the predicted 100k easily next year. A clear exit strategy at that point will be key. More on that to follow.