Technical analysis by KurtisDunphy about Symbol BTC: Buy recommendation (12/21/2021)

It's certainly going to be an intersting christmas in the world of crypto, with bitcoin approaching the end of the falling wedge that it currently finds itself in.Falling wedges are usually a bullish formation, however, with increasing fear throughout the global financial markets, we can safley assume that a black swan event could be just round the croner, sending crypto even further into the red.Personally, I favour the opinion that the current downwards momentum has been exhausted, and that a bullish breakout will occur.Building a long position in this price reigion with stop losses just outside of the wedge formation will allow for a low risk / reward swing trade, where by if we break to the downside, a low % loss will be incurred, where as if we break to the upside, the positon can be held into the weeks and months a head whilst the crypto market regains its strength.