I think we’re still in a downward trend but this triangle could squeeze BTC and make it pop out for a possible trend reversal.
Elliot wave suggests we will complete the 5th wave in a downward movement to pop off of the 8K-8.5K level. Its a pivitol moment so worth continued dollar cost averaging while BTC is on sale. Let’s grab some more while we can.
If we buy now, wait till we see it breakout and hook the trend line for “confirmation”. Or else we head back down to the 8K area.