BTCUSD - Rising Wedge & Possible Scenarios Including Bull Trap

BTCUSD is forming a rising wedge - a bearish pattern - on this 1D time frame.

While these patterns aren't gospel and are often invalidated, the sentiment around BTCUSD doesn't support a bull run right now given fork concerns.

In this chart, I outline the possible scenarios (a few of many) that may play out as this pattern completes.

Kommentera:

I obviously meant bear trap in the title, not bull trap.

Apologies.