OfficialSkoL

OfficialSkoL

This is what I see. Will post a follow-up immediately.

OfficialSkoL

I think BTC simply exited the uptrend channel and may begin correction to 48-50k. Where it'll then decide if we will continue up to break ATH or descend lower and break the support.

OfficialSkoL

Double top rising wedges. Latest rising wedge ran into HS neckline and broadening wedge resistance. Should be it.. and back down to 48k before bounce.. But who knows with this market..

OfficialSkoL

No one is talking about this. We could remain in bear flag for awhile longer. Why is no one charting this?

OfficialSkoL

No one is talking about this. Could be seeing things. Everyone is hyped one way or the other, but these formations seem obvious to me. Tell me what you think?

OfficialSkoL

Any investors from this generation had simple indexes going 100x+ during the prime 40 years of their life. The markets have been topped out since 2000. Now we are in a bear div last gasp. That is nearly my entire life. How rich is Warren Buffet in my era? Maybe not at all. The market is topped. Hopefully it dips to 4000.

OfficialSkoL

Now that it broke previous high at 48.1k, it's looking more and more like a mini distribution looking exactly like the last one. Waiting on a LL and LH to confirm. Patience is key.

OfficialSkoL

Rising Wedge Retest. After that, we all know what happens.

OfficialSkoL

Rising Wedge - bearish Retest of H&S - bearish Bullish trendline resisting retest - bearish Bitcoin chopping about until the Bullish trendline allows price to go test H&S neckline and/or fill CME gap. - bearish. Bitcoin is weak. It needs strong bear market obstacles to move higher so price can retest and confirm market direction and fill gaps.

OfficialSkoL

Rising Wedge on high time frames. Break out and retest then that's it for bull market hopes. Disbelief is strong with the plebians hoping to sell their bags q4 2021. Everyone and their grandma was planning to sell their bags this fall to Christmas. Whales pay analytics companies to figure out what is being said about any topic on any platform. You think you get to...

OfficialSkoL

Keep it simple. Next week will hurt for ppl buying at resistance. NFA, DYOR.

OfficialSkoL Updated 

are about to get rekt. Use log. Confluence of resistance at 44k. This shit will dump afterwards. Follow.

OfficialSkoL

This idea will be invalidated if BTC does not break through the channel floor.