BitcoinLong
Bullish history suggests breaking through support levels
Disclaimer: This is my first TA
I see a certain support level that coincides with falling wedge patterns. The last one that occurred ended with the bulls breaking out of the pattern. Some bears claimed market manipulation. If we only do TA on the short term, it seems that it is obviously bearish. If we zoom out and look at what BTC has done this year, it is very likely that BTC will break out of its current wedge pattern and go up. If BTC can't break above 8.5k or 8.6k, we will most likely see more bearish movement. That's my 2 cents. Let's see what happens.
I see a certain support level that coincides with falling wedge patterns. The last one that occurred ended with the bulls breaking out of the pattern. Some bears claimed market manipulation. If we only do TA on the short term, it seems that it is obviously bearish. If we zoom out and look at what BTC has done this year, it is very likely that BTC will break out of its current wedge pattern and go up. If BTC can't break above 8.5k or 8.6k, we will most likely see more bearish movement. That's my 2 cents. Let's see what happens.
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