This is sort of a wild idea, but ive been finding broken wedges and i have seen them play out. This would be insane if this played out but i wouldn't disregard it. Usually when price breaks out of a pattern the Stochastic RSI gets overbought for a bit, so thats why i project the SRSI to remain overbought as bitcoin climbs higher and higher around 30k, potential resistance area and then retrace for a handle and then another big leg up from the cup and handle if it forms. Just putting this idea out there with no hopes of it working, but there's a slight chance so i gotta show it. Not going in depth with this analysis but i could if i wanted. Gold pocket retrace and trying to bounce off it, declining volume overall and most recently sharp volume decline. There's a tiny bit of ta for you.. Lol
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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.