Triangle broken? We are still in a bullish descending wedge!

After breaking the red triangle line, many people are too confident that BTCs price will dump further. The herd is bearish and many people are shorting BTC. Betting on a short here is as risky as betting on a long when BTCs price was 20k.
As you can see in the chart, we are still in a descending wedge which is known to be bullish.