BTC’s beating about the bush

As per the previous review of mine the local $7.2–7.3K price highs are perhaps even missing at the moment. I have painted a newly created rising wedge with two potential top boundaries. Throughout the pattern we are still seeing overall decreasing volume and the recent attempt to break out of the pattern was not accompanied by a convincing increase in bull volume. Please kindly note that one huge green candle was most likely short-term manipulation because it occurred in only a few minutes and it saw no bull follow through.
If we are anticipating one of the wedges to play out, there are a few scenarios. If playing the larger wedge with the upper boundary, then we are still watching the pattern form. If we are looking at the wedge with the lower upper boundary line, we could have just seen what crypto sniper refers to as a “pop out the top” of the wedge which can lead to a sharp bear move out of the bottom of the wedge. Alternatively, it can revisit the inside of the wedge and then break bull again.
We are indeed in the doorway of something I’ve described, it might happen either in a jiffy or on early September day.
ICBF’s Asset Manager Alexei Fedorenko
