Here's my view of the current situation.. green line is the resistance mentioned in @Philakone's chart.. upper red is another major resistance.. Now, looking at the MACD and BB, price should be able to reach $9,1k-$9,2k.. That would, in my count be the E wave of the bearish wedge (white).. I believe that's when the price will reverse, but in my mind, only to around $7k, which is the lower line of the 2 month big bullish wedge.
Your wedge isn’t accurate. Even though it broke above resistance earlier, it still came down and you have to measure from the highest point
absolutely right. But Haejin's being bullish as often...
Bigger picture:
Here's my view of the current situation.. green line is the resistance mentioned in @Philakone's chart.. upper red is another major resistance.. Now, looking at the MACD and BB, price should be able to reach $9,1k-$9,2k.. That would, in my count be the E wave of the bearish wedge (white).. I believe that's when the price will reverse, but in my mind, only to around $7k, which is the lower line of the 2 month big bullish wedge.
Yes, this scenario has got me worried @haejin what do you think?