Rising Wedge on Right Shoulder on Daily/4 Hour

We are near the breakage of a rising wedge on the 4 Hour/Daily chart. Granted we could see bitcoin push a little higher due to FOMO, but this looks quite bad from a TA standpoint. I am very confident we are going back to bear territory. Its a classic FOMO cycle. Even news outlets and CNBC are in full FOMO mode (and encouraging it)

Remember Chase CEO Last year. Guys please manage risk.

Komentarz:

Looks like we have seen the drop start.

(note: if you are sick of bitmex overload sign up to Direbit to help support my efforts on making charts)

www.deribit.com/reg-1966.6562?q=home