The bull flag btc's been in has now morphed into a falling wedge

12 בנוב׳ 2019

We can see a very valid falling wedge here on the 4hr chart; the purple trendlines following the wicks and the pink trendlines following the candle bodies..for now the purple one seems slightly more valid. Other signs giving the bulls hope currently are that we are still consolidating above the bigger green falling wedge from the weekly chart as well as still above the 1 day 50ma. for me this is a no trade zone until we see confirmation one way or the other.

12 בנוב׳ 2019

הערה

one other bullish sign still on the table is the CME futures gap that still remains around 11.8k. very very likely it will be getting filled at some point.