Wedge patterna usually require 5 touch points to confirm the pattern. Which, officially, Bitcoin has done.
This upward wedge means revearsal for a bear market, while a downward wedge means reversal for a bull market.
We are still inside this wedge which means even though this pattern is hypothetically confirmed on BTC, we could either see a rally up through the...
To me, this head and shoulders has many issues such as not being symmetrical, no actual head and a weak looking left shoulder.
We haven't even touched the neckline yet and people are freaking out about it.
If anything a better light to reframe this in is a potential triple topping pattern. That makes more sense than any kind of buzz word pattern we're forcing a...
Bearish rising wedges are a type of shape formed by candles where we see a sort of inching higher, with higher lows and higher highs leading to a tighter price range, ending either in a pullback type correction to consolidate previous price action, or to fake out and break out into higher highs. It's an important pattern to watch for which side it breaks to.
My...
Just based on my last post, I'm going to say I told you so.
Lots of people are too eager to buy this dip when further downsides are still possible, especially as long as BTC continues to continue to consolidate and create uncertainty with TSLA shareholders that don't believe btc.
We have to be patient and watch price action.
Based on longer term trendline support, exhibited as purple, TSLA has a good chance of holding above $700, but wont look bullish technically until it gets back above $770.
Further down side and resistance will be seen as it struggles to get above the yellow trendline resistance, but once it does, will likely go...
I learned about triangles formed by trend lines on Investopedia recently and noticed this pattern yesterday before it broke out today. Keep an eye out you guys, triangle trends can also break. Wait for retesting of the support.
