BTC- Possible Bulltrap falling wedge down to 13k
The current BTC volume and RSI setup looks very intriguing and matches the characteristics of one of the following patterns below
a) Falling Broadening wedge
b) Right Angled Broadening wedge
My analysis would suggest that depending on the corresponding wedge pattern chosen ( i.e either pattern 'a' or pattern 'b') BTC may experience a capitulation and move back down to around the 13 to 15k level before resuming the uptrend .
a) Falling Broadening wedge
b) Right Angled Broadening wedge
My analysis would suggest that depending on the corresponding wedge pattern chosen ( i.e either pattern 'a' or pattern 'b') BTC may experience a capitulation and move back down to around the 13 to 15k level before resuming the uptrend .
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