Good news Bitcoin fans, we are possibly in a descending wedge and NOT a Triangle. This means that there could be a reversal coming soon. We first need to drop to 5400-ish and then we will start our ascent back to 11k before a possible drop all the way back down again. If Bitcoin continues to rise from here it will hit about 7500-ish before returning to lower territory, that would also change the pattern to a triangle and that means more than likely a continuation of the down trend. So the next few days are crucial to see which path Bitcoin decides to take. The RSI is showing great correlation with the end of the 'B' waves. Lets see how this unfolds . . .
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