Verge has a massive up side potential. This is the situation of where Id expect to TP IF BTC doesnt go on a 2023/2024 bull run
Just looking at some potential halving fractals for BTC. Logarithmic charts provided the 100+ projection however the timeframe seems better charted without Log.
Killed it on the last analysis. There are alot of bearish indicators however it appears there is one more rally to the upside to complete the bearish ascending wedge, the right hand side of the inverse cup and the expanding wedge. Happy to 5-10x long here into a 5-10x short around 50k. The top bottom and central lines appear to originate from the 3.5k final dip...
The overall general steam appears to be running out over the mid to long term. I am expecting the curve to hold. Low leverage short opportunity. 5-10x
Rip down to next fib for Liq grab and up. I am seeing rejection here which could push us down for a retest and potential push even further down to reset levels and funding rates etc. If the composite man is buying then its not at these levels.
Use low leverage friends
You will be bullish son then fomo in
This has been inspired by Anon and I believs shows one of the patterns used to trap traders prior to going in the opposite direction. This repeated pattern is almost complete.