BTC/USD - Coinbase Back to 10k? Yes? No? ehh.. Maybe..
Updated
Well for starters I want to say "So far so good.." Ive erased some lines so everything is a bit clearer since my target was met, I needed to clear the slate a little bit. Basically I think we squeezed again in an ascending wedge... or some ascending triangular squeeze and popped out of it (The blue triangle), so far we have managed to exit ourselves from the oppressive red triangle. That black line is the support we used to have which is currently resistance, if we can pop and pierce that I may have a "Ballsy" "Long shot" bullish idea coming your way. Hidden bearish divergence forming on some time frames like before but it doesn't look like anything too crazy.. so in my mind, it might just scale like the small dips we did before (But stay on guard...)(Consider everything and anything) the only reason it may become stronger is because in between my lines, the price again could get "rejected" for a bit and form some sort of broadening wedge temporarily but it also can satisfy any divergence to the down side. If we do go down a bit here in a sharp fashion we do have the top of the blue triangle for some form of support as well..I don't know how well it can hold yet if we climb up it, we can reach an apex once more from crossing lines and hopefully go up and put ourselves back into the 10k area without dropping back down and gain some support. Last thing 4 hour fired long and I hope the after shocks of it firing last just long enough to get us back into 10k.
Note
Awesome we managed to pierce through! we are in the 10k's again
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.