Hi friends,
The second ascending wedge is now broken and confirmed on the daily. It remains to be seen whether or not we remain above the blue descending trendline. A break below this could send us plunging ...even lower than the 200dma.
You're not wrong to execute a few buy orders anywhere near the BLUE descending trendline, although I would buy conservatively as I have a feeling we could still go to 7.5-8k as I have been saying all along. And I have been using little Litecoin as my lead indicator as of late. It has broken below it's ascending channel. A move that could signal more lower prices into next week.
Peace and happy trades all!