Seleme

BTC - Rising wedge?

BINANCE:BTCUSDT   Bitcoin / TetherUS
I know we are all very bullish, but it's one thing to consider too. We can't shoot up from here without retesting 10.5 area. With shot up, I mean like going to parabolic bull run. 14 or 16k is possible, but in either case we have to rest 10k area. We were attacking it 5-6 times in a year, we can't go to ATH with retesting it once for 5 minutes.

If this wedge plays out, then that retest would come after 12.7-13k. It would be proper move to screw everyone who euphorically thinks it's at least 14k next. The wedge looks much cleaner than ascending triangle people are using. No overthrows, no traps, just clear lines.
Penafian

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