Just a thought on the BTC weekly chartBitcoin / TetherCOINBASE:BTCUSDTDegenEdThis is purely speculation and only being posted as some food for thought. There is a possibility that BTC could be forming or may have already formed and broke down from a rising wedge pattern on the weekly time frame. I have two possible ideas for this. Possibility 1 utilizing the red support trend lines has two deviations below support early on in the formation of the pattern. If this idea was to become reality, that would mean price has already broken down and has had one weekly candle close beneath support and has tested it as resistance. If this is true, we have a price target of roughly $22,500. The only positive in this scenario is that this candle has not yet closed and still leaves a chance to continue the pattern formation further or invalidate it completely. Possibility 2 outlined by the green support trend line contains the price action in its entirety and would stand to be a stronger possibility than the first since it is a much cleaner pattern without any deviations unlike the first. With that being said though, following this possible pattern idea could give a price target as low as $18,500. Also unlike the first the price, as already mentioned, is still in the formation phase. Leaving a much better chance of a higher price target or invalidating the pattern as well. Again, this is only something to keep in the back of your head and has a serious chance of being nothing at all. But its always good to keep that greed monster in check. Because at some point, what goes up, must come down. Trade safe friends.