BITCOIN Is this a Falling Wedge bottom formation?

Well the title basically sets the question right. A comparison of Bitcoin's current Falling Wedge with the previous one that lasted throughout the whole month of September, reveals many similarities. I've marked the legs with numbers with (1) being the Initial Big drop that kickstarts the Falling Wedge (with the Ichimoku green), (2) the fake break above the Wedge (with the Ichimoku in red), (3) the last flush that creates the bottom formation and initiates (4) the true break-out above the Wedge. Notice the importance of the LMACD Crosses below as well as the fact that today's flush reached as low as the September 21 2021 low, which is the current Support.

Do you believe that BTC is on a 'last flush sequence' that will form the bottom and initiate the break-out? Feel free to share your work and let me know in the comments section!



--------------------------------------------------------------------------------------------------------

Please like, subscribe and share your ideas and charts with the community!

--------------------------------------------------------------------------------------------------------