


Followers
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since Aug 15, 2019
bearish
bitcoin
btc
btcusd
bullish
chartpattern
descendingtriangle
fallingwedge
fundamental
rsidivergence
sol
solana
trendanalysis
wedgeformation
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Time has come for BTC to either break up and out of the 1 year downtrend or continue down to the next level/levels
1
Very large descending wedge. Watching to see if we rebound here. If 2 candles close below lower wedge line, that gives us confirmation we go lower. Yellow lines are very heavy resistance lines which makes it harder to break upward.
3
This is a textbook reversal pattern for SOL. War and breaking news is not textbook. This means anything can happen.
2
sloppy chart, sorry. as you can see, each time btc has touched the yellow downtrend line it has dumped. either we break up and continue or we drop down to 42-40k
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