This Chart makes a lot more sense on the daily because the breakout on daily 1 candle Daily Chart Here: However the rejection and inability to clearly breakout of 41,639 made me want to post this as it could possibly be a fake breakout from the rising wedge on the daily chart. I was positive if it hit 41.6K it sky rocket... but it doesn't look to be that...
I'm posting this at the pico top after seeing it failed to breakout. It could still break the current resistance line, but I wanted to post now for people for the best possible short setup and areas to take profits Currently Tested & Failed Resistance $41,639 New Possible Support / Old Resistance: Hard to say around 39.5K (see wedge) New Possible Support /...
Currently we have struggles to breakout of 41,639 in a strong way on any of the timeframes except maybe the daily so here is just a short-term idea as to what a daily rejection would look Related to this daily chart
What is a Rising Wedge? What helps us look at it and confirm it? ✅ Upward Trend: The pattern typically forms during an upward price movement. ✅ Converging Trendlines: Both the support and resistance trendlines slope upwards, but they converge as the pattern matures. ✅ Volume: A declining volume accompanying the formation often strengthens the pattern's bearish...
bitcoin @ 38K = smart btc money slowly exiting for weeks… November Highlights 🔹 Nov 17 BTC etf delayed 🔹 Nov 24 (52 Wk High 38.4K) 🔸 18 Daily High of 37K+ 🔸 ZERO daily closes of 38K+ I wrote this one quick to add onto my daily chart I've been preaching since Nov 17
Break above the long-term trendline is always exciting, but if bitcoin goes down you can be certain this turns into a head and shoulders and back down so will doge for a huge pay day you can see my other daily chart on bitcoin that relates to this play.
Let me know your thoughts on this. I normally write private ones to myself and friends and don't ever publish anything other than on X.
bitcoin @ 38K = smart btc money slowly exiting for weeks… November Highlights 🔹 Nov 17 BTC etf delayed 🔹 Nov 24 (52 Wk High 38.4K) 🔸 18 Daily High of 37K/38K many of which were 37K daily closes 🔸 ZERO daily closes of 38K+ PS could hit 40K on a scam "pump" making people more bullish, but then retest 38K for “support” and fail and my idea’s still correct 😁GG
bitcoin @ 38K = smart btc money slowly exiting for weeks… November Highlights 🔹 Nov 17 BTC etf delayed 🔹 Nov 24 (52 Wk High 38.4K) 🔸 18 Daily High of 37K+ 🔸 ZERO daily closes of 38K+ PS could hit 40K then retest 38K for “support” and fail and my idea’s still correct 😁GG You can see that we struggle to move up and it's likely because people bought the rumor...