Some perhaps, but it's clearly not a wedge regardless of the outcome. Just because it has converging trend lines does not make it a wedge. Same with the recent rise. People were calling it a wedge but it has absolutely ZERO wedge characteristics.
Well everyone including arepo were talking about this bearish wedge in masterluc's thread:
https://bitcointalk.org/index.php?topic=274613.msg4321827#msg4321827Weird how everyone agrees it's a wedge (or at least nobody disagreed) when it's forming and hasn't broken to the up- or downside yet but when it does break to the upside it suddenly isn't a wedge anymore and it never was...
That was not a wedge because the count said so. In fact, this has been my count since a wave 3 never developed:
I was waiting on a normal C wave to complete the (B), but it never materialized.
I am quite objective in my views of charts. If it's bullish, I'll say it! If it's bearish, I don't give a damn about some contention and I'll say it. I trade it either way. Makes no difference to me, as long as I'm making money (fiat/BTC... it's all profit). This rise was not of the bullish type! Really the only indicator that said otherwise was the Daily MACD, but even that can flip fast enough to only be considered in the shorter term.
