Was watching that funny curved shaped descending wedge pattern and wondering if at the end we will see bounce or further consolidation.
I've been thinking - looking at historical corrections and came to the conclusion that the consolidation was going to happen anyway - just another fast moving Crypto market pattern. But the media reports indicated that it was due to all the FUD that the market took the dive / consolidation. Now here's the thing, if the pattern is normal, and those who tried to influence the market just jumped on with FUD and pretend that it was all due to the FUD (giving impression the Crypto space can easily be broken) - is this curved triangle maybe the combination of the trend we would expect - but it would be a normal descending triangle. Combined with the FUD - the result is a bit of a curved triangle - the difference would basically be the effect of the FUD.
I've been thinking - looking at historical corrections and came to the conclusion that the consolidation was going to happen anyway - just another fast moving Crypto market pattern. But the media reports indicated that it was due to all the FUD that the market took the dive / consolidation. Now here's the thing, if the pattern is normal, and those who tried to influence the market just jumped on with FUD and pretend that it was all due to the FUD (giving impression the Crypto space can easily be broken) - is this curved triangle maybe the combination of the trend we would expect - but it would be a normal descending triangle. Combined with the FUD - the result is a bit of a curved triangle - the difference would basically be the effect of the FUD.