BTC 1H - Double Wedge Pattern Inside Downtrend Pattern: SHORT!!

7 Jul 2021

BTC 1H - Since May 19, we see BTC overall is in a downtrend. Within this downtrend we see two big wedge formations. The first wedge ended up with a slight dip below of 5% then back into the wedge for an uptrend of about 20% from the bottom of the 5% dip, then from the tip of the 20% we see a massive drop of about 31%. Can we be expecting somewhat of the same for the second present existing wedge? There is more strong force for the continued downtrend. Not so much for uptrend.

Give me your thoughts.

NOT FINANCIAL ADVICE.

Good luck.