We have a very nice looking wedge
formation now and very bullish
that it has not broken down through the horizontal dashed line too. We should be patient for another 12 hours or so and our patience will pay off. The only concern that I see now is the rally on BTC
, and that is looking more vertical. I really would like to see some nice sideways consolidation on BTC
right now. It would be extremely helpful not only to BTC
holders but everyone else too! If FOMO takes over here there will be some blood shed later...