SECOND UPDATE TO, "Some pullback on BTC in the coming week(s). Then all systems go!" POST
Hi friends,
The second ascending wedge is now broken and confirmed on the daily. It remains to be seen whether or not we remain above the blue descending trendline. A break below this could send us plunging ...even lower than the 200dma.
You're not wrong to execute a few buy orders anywhere near the BLUE descending trendline, although I would buy conservatively as I have a feeling we could still go to 7.5-8k as I have been saying all along. And I have been using little Litecoin as my lead indicator as of late. It has broken below it's ascending channel. A move that could signal more lower prices into next week.
Peace and happy trades all!