Rising wedge on the weekly chart BTC.So BTC has been dropping lately driving the fear in the market to extreme fear.
To my predictions this would be our bottom for now and we will head up towards 75kish levels. Creating a rising wedge (bearish signal) on BTC. Also this would create a big bearish divergence.
This might be something to consider if you are invested to BTC or trading it on higher timeframes!
DYOR
Manage your risk accordingly!
P.S
Let me know what you think
Consider-it
BTC Short-Term view (3HR)Hello all! 🦎
Today I am looking to continue upwards in hopes that we have had a successful retest of our structure, which would pave way for moves to our bull targets 🐮🎯depicted above.📈🆗
There are possible resistances on our way up, so it's always good to keep a close eye once we have reached key resistance points👀.
This is my short analysis based on major trend-lines, fibs, etc..😄↔↗↘
Follow the whales 🐳, I am definitely long on BTC⭐
Fundamentals on BTC are still looking pretty strong💪, despite inflation being up 14%. 🤞💲 (In other words, Wyckoff accumulation could be over, and right now it seems potentially more risky to hold a dollar than cryptocurrency.)🐨
Attached to this post are some other relevant ideas, thank you so much.👋
(In the event that we turn bearish , I have included some RED LINES 🤪 that would be my key target areas🐻
Let's see , and always remember ⏬⏬🛑❗ This is not financial advice ❗🛑 Please use a stop loss and keep up to date with the current news if possible!
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome and trade safely!!!!
Jazerbay ☯