This is what I've been talking about for the last few weeks. We're about to see a three-drives pattern completed within this year-long wedge, and it just happens to be at the exact point where the bottom of the wedge meets up with the long-term trendline.
I'm currently short until we break down out of this small blue descending triangle within the long-term wedge, but I will probably be a buyer around $250 depending on the price action. Volume is declining along with the price, which means we may be overdue for a correction to the upside. I tend to think that if we were going to drop like a stone, as some people are saying, the decline this year would have been a lot faster.
BTC Donations:
1Kz7JnU9zrdCjNfzjax4hgPmLdqAQScEtr
I'm currently short until we break down out of this small blue descending triangle within the long-term wedge, but I will probably be a buyer around $250 depending on the price action. Volume is declining along with the price, which means we may be overdue for a correction to the upside. I tend to think that if we were going to drop like a stone, as some people are saying, the decline this year would have been a lot faster.
BTC Donations:
1Kz7JnU9zrdCjNfzjax4hgPmLdqAQScEtr
