I am NOT a fan of technical analysis, but is a dip in BTC imminent?

in bitcoin •  7 years ago 

I usually don't trade on technical analysis, because it fails me 9 out of 10 times. However, when I see chart patterns like this I get a little worried:

https://www.tradingview.com/x/2fvI4DpG/
This is almost a classic textbook ending wedge pattern that occurs after extreme prices surges.

But as always.. the whole pattern could break down... and we go parabolic again, this is bitcoin after all.

What do you guys think?

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