#BTC Let me Discuss with u the Unpopular Plan for the Remainder of 2023BTC Making Rising wedge Pattern and that too below the Mid Range of 2020 i.e 0.5 Golden Fib level of 2022 Swing Highs and Swing Lows.
I have Also pointed out the Rising wedge of 2022 where PA went back to the starting point of the Rising wedge and if u notice properly then u can see that the Top of the 2022 Rising wedge was the first rejection point in 2023 and later BTC in June 2023 BTC tested the Same level as Support.
My concern is if BTC fails to flip 2022 Mid Range as Support and Rising wedge Escalates then we may see BTC heading towards Yearly open again in either Q3 - Q4 in 2023 and Moreover Daily SMA MA100 & MA50 getting Flat gradually however MA200 is still advancing but intermediate MAs are slowing down.
During 2023 BTC made many Impulsive Moves in 2023 and when there is a Impulse then there is Fair Value Gaps/ Imbalances which will be filled at some point of time bcoz Market alogrithm never Forgets the Imbalances so keep in Mind that BTC Has lots of non-Mitigated imbalances lower till yearly Open 16569$Invalidation for this Opinion - Claiming Mid Range of 2022 as Support in daily (31844$)
