2 bad signals for $BTC, might be a boring outlook..
Just my observation to see how it plays out.
* The rising wedge is invalidated (bleu lines) by the big sell off pushing it out of it's third leg.
* The second attempt of forming a bullish falling wedge pushing it back in has been rejected, even though it has broken out properly, we can see that the rejection pushed down bullish price momentum.
This will bring us back to 30k and re-accumulation, a bit boring of a view maybe..
* The rising wedge is invalidated (bleu lines) by the big sell off pushing it out of it's third leg.
* The second attempt of forming a bullish falling wedge pushing it back in has been rejected, even though it has broken out properly, we can see that the rejection pushed down bullish price momentum.
This will bring us back to 30k and re-accumulation, a bit boring of a view maybe..
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