Will the wedge in the Bitcoin chart break to the upside or downside?


BTC 5.9.19.jpg

The price is being squeezed into this tight wedge pattern and there's likely to be a big breakout soon. If the bear market is over, there's not much stopping new all time highs soon. I'm still wary though, it feels a bit too easy and I wouldn't be surprised to see a bigger pullback before we get the next leg up. The two blue support lines would be where I might think about buying some more.

As usual. I'm just hodling my small amount of Bitcoin and I'm not gambling with money I can't afford to lose. Be careful trying to time the market, as not many people can do it well.

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