![9.21.17-btcusd.PNG](https://steemitimages.com/DQmSVC4wZWwTZZ7kGFPXGKE8iSeaRF3hMpg8eRKxdU3e7SV/9.21.17-btcusd.PNG)



Bitcoin staying tight. Still coiling. Don't have much time left before it has to show it's cards. I think by Friday morning we'll know. Weekend at the very latest. Will we break out of this wedge or not? Remember, breaking out is not enough. We must open the next candle outside of the wedge AND close it there before we have our confirmation. We can either do this ABOVE the wedge OR BELOW. But as long as this wedge holds us inside, I am not a buyer. My position on this strategy may change as we go lower and closer to the bottom tip of this wedge. This all depends on combinations of additional correlated signals. I will update with new posts as we go. Watch closely here. Bitcoin is about to show us it's cards! 

Update:

I just realized you all may not know why I think we'll know by this weekend whether or not we stay in the larger RED wedge. The reason being that there is a smaller wedge forcing that decision. That smaller wedge is the bottom BLACK uptrend line intersecting with the falling TOP RED trendline. This smaller wedge will either force us UP and OUT of the larger descending RED wedge OR it will tell us whether or not we will be staying within the descending  RED wedge to continue downwards for a few more days / weeks. Hope that makes sense.

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Previous post:

https://steemit.com/bitcoin/@stew/until-we-break-out-of-this-i-don-t-think-i-am-a-buyer