Bitcoin

A potential fallingwedge/bullishpennant appears

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Have yet to see any legitimate volume surge on the last long red candle we just closed on the 1 day chart which suggests we have not broken out of whatever consolidation pattern we have been in yet...the bounce of the current 1 day candle currently creates the opportunity for this falling wedge shown here in blue...as well as a bullish pennant with the falling wedge as the pennant...the head and shoulder breakdown is still very much a possibility here but with the current 1 day candles bounce off this trendline this falling wedge is now in play as well. So for now I remain neutral until I see a decisive break below this newly formed wedge possibility.

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