Long

Bitcoin falling wedge

Updated

Looking for a big trade and structures have been hard to come by.
Bitcoin is in a falling wedge of sorts, with 2 top res draw points.
Drawn a few fibs for if it doesnt break previous low, fibs will be invalidated if so.
In this idea im looking for a play to the upside, ftx contagion is still around, in which case if this does break below - take a look at my previous idea on where bear markets always bottom as we will be close to that one level.
Gl and god bless

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With the rejection off the 0.236 on this upwards channel within the chart above.
A move down first could be likely, would like to see it not make a newer low purely for the fibs to remain in play

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could be hammer time

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cpi pump to the top

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Perfect touch and rejection off of the 0.382. Couldnt get a close above channel so shorts were entered, sl moved into profit. This may take some time but expecting this to break down out of the upwards channel. Going to the lower region of the wedge and then beeeg looong time.

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Bounce on .236. Rejection at mid range. Hovering on lower channel support. IF it holds, back up to .236 then hammertime

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on our way to the giga long zone

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Nice breakout above back into old channel, fib and next trend above.

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Big res here. Important directional move coming. Note Fibs, and top of wedge downtrend

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1 hour and 4 hour stochs bottomed.
Primed and ready to push up

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Tmie to come retest the fib?

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Still eating this fib

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Beautiful multiple retest of fib. Right back up and through downtrend. Eyes higher now

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Fib pause

Silkman

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