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...