BitCoin - Up's and Downs Bitcoin is having a correction.
There was an area of correction during the summer of 2021 that bitcoin should have met and didn’t, as there was a visceral pump surrounding the “b meeting”
Had the correction gone on naturally bitcoin would have had more of a widespread accumulation, and this will happen now.
Bitcoin-short
Massive Ascending Broadening Wedge Could be FormingThis is my very first post. Don't be too harsh on me :)
I think volume in trading Bitcoin has shown us a potential followup in downward pressure. Even some institutional investors have called further downside in the coming months of the year.
Looking at this chart on the Daily timeframe, there are several indicators that point to downward pressure in the mid to long term. This coupled with these two big trend lines that are essentially sandwiching the price, potentially forming an ascending broadening wedge.
This is of course on algorithmic levels, as market movers and on-chain data could make anything happen.
What do you guys think?
BITCOIN, BEFORE THE BIG ONEDoes anyone else see this playing out? This would signal a retracement down to around 52-49k, before heading up to form a higher high.
Then we head up to 91k, before a quick retracement and up to 125k, before the next big correction.
Trend has broken on this current impulse, and we're not seeing it close over 61,970.
My friend's 4 year old said this chart is going to the moon. So that's pretty bullish sign.
BTC is going to $38 - $30kHello traders, here is my bitcoin idea. As I show on the chart the price is still in channel and it suddenly stopped under the channel level. I expect the price will continue down as low as $38k or even the $30k. Also very short SL. Let's see... Not financial advice.
Profits.