Here we have listed a white upwards broadening wedge dating back three months, a red downwards broadening wedge, and a large green broadening wedge. This isn't good. It does seem to be pushing Bitcoin towards the 9200-9300 region that I called for last week, and we probably will spend a lot of time in that area thanks to these colliding pressures. Not all of these wedges are completely formed. They are still in play as existing support and resistance lines. I've been hearing calls for dumps everywhere from 9150 to 2500, and I'm having a harder time buying into anything south of a touch on 8900 as the day wears on. For such compact action, this is a highly compressed formation and whatever happens will be explosive. I had been expecting a double bottom as they normally do form around the hash ribbon crossover, but it doesn't seem to be happening yet. For a while we began printing a convincing head and shoulders on the 15-30 minute charts, but that has been reset. A lot of people are going to get wrecked today. Personally, I'm holding off on placing any more bets until a clearer trend appears (because I've already lost a little money and don't care to lose more). My expectation is that we'll pick one broadening wedge after dodging around in the 9250-9315 region, then we'll experience a small crash forming that double bottom followed by a huge bull run far sooner than most people are expecting. I'm bearish for maybe as long as nine days. Probably more like 3-4.