#BTC Update July 16
Last time I showed you on the large 1D frame#BTCwas standing between the choice of 2 models.
+ Bullish price pattern: Rising wedge flag pattern in an upward wave
+ Bearish model: 2 top model on 1D frame
I made the Sideway price trend option at 5xK and then increased it again, so I did not cut any previous Altcoin Spot positions but also bought more (Buy more using Margin Token#BBas in the most recent Updates).
Up to now, the price has increased to an important milestone in the 1D frame that I mentioned in the previous post, which is the 65xxx-66xxx area (red Zone).
This area will soon determine the rising wedge flag pattern. Specifically, when the price breaks past 66xxx, it will confirm the increase and continue to test 71-73K one more time and at this time it will Beark the wedge pattern. If the wedge breaks, 90% will increase to 80-90K, leaving 10 % will be Fake BreakOut then go back down and crawl into the wedge again.
So the price has approached 65xxx-66xxx so we need to closely follow the price action. I hope you all had time to rest last week and were able to relax a little less stressed like me. And now it's time to get back to closely following updates on reactions in the area around 66666.