mapes2751

mapes2751 Updated 

Bitcoin just broke out of a falling wedge on the 1 hour. From what I understand these aren't the most reliable on such small time frames. I think it could push it up a bit and maybe to the top of the larger rising wedge. The red line is short term support. It could break up out of this wedge and make higher highs past the resistance OR, If it breaks that red...

mapes2751 Updated 

If you take the red line and the support below, go back on the charts to the last bull run, you'll notice that it's bullish when it holds that spot on the weekly. It fights with this level and the first time it hit it it broke through to about 41k and then tumbled down 10-11k to around 30k, then again after the last bull run burst, it retraced again about 10-13k...

mapes2751 Updated 

Please reviews the information in the picture, thanks

mapes2751 Updated 

I am new to TA and I see a rising wedge on BTC. Maybe something I'm not seeing to invalidate this idea. I would love experienced traders thoughts on this. Also volume appears to be dropping. Thanks