Broadening wedge pattern - calm before the storm...?

٣١ يناير ٢٠٢١

We can make out a broadening wedge pattern going forward as we have established diagonal support along the lower red line and resistance under the green heartline. A broadening wedge typically indicates increased volatility and with Elon Musk putting bitcoin in his twitter bio and January options expiring it might be that we're in for a crazy week.

Our local region of lows and highs might be increased for this next week which is good for swing traders. Be careful not to get chopped up though.