Technical Analysis: Current Short & Mid Term Trends for BTCUSD

Here we can see a repeative pattern of short term trends through falling wedges in a mid term uptrend. We saw BTCUSD test the support of this trend early this morning (15th Feb 2021). A bullish sign will be a strong bounce off of this support, however if there are multiple closes below this support (timeframe is daily) then this will indicate a bearish reversal in the mid term.