After a massive 12 hour breakout - will we see more upside for btc to break the 50k psylogical resistance? Or will we see a massive breakdown of the rising wedge. 68% the rising wedge will cause btc price to fall.
Hello everyone, Today's prediction turned out to be correct. Now for my next prediction - BTC will continue in the falling wedge if we are lucky. Tradingview is forcing me to fill in more content of my analyis - so these words are just junk to meet the requirements.
It’s always interesting to see btc pump and understand why. Although I was neutral - I did note a few bullish considerations. - we had a rising wedge and then had a bearish breakout. - that bearish breakout created a downtrend- essentially creating a rising wedge. - we were accumulating for a while and formed a 30 minute volatility squeeze. - once we started...
Bitcoin has went up exponentially and is in a bullish market structure. Additionally we have weekly RSI at really low levels and totally expect btc to pass 50k. Right now we are in consolidation. Nonetheless I want to note a a few bearish ideas that have manifested and may manifest. Although these ideas noted in this chart are bearish - keep in mind that bitcoin...
Reef chart is an 8/10. Likely to outperform btc. Has several different indicators that point reef as being fairly bullish