BTC descending wedge
Bitcoin / Dollar BITFINEX:BTCUSD
BTC tried to break out of this descending wedge/triangle (take your pick) only to be pulled straight back in with quite a sharp move down through a LVN in the last day or two. Looks like today will be a green day after breaking seven consecutive days of red on volume .
The next month or so are going to be crucial for Bitcoin , as this downward bearish market is coming to a decision within this falling wedge .
I imagine a decision will be made before the red cross, and i’d like to see a break above the wedge then a bounce off it and further up side to become bullish .