I'm Extremely Bullish on BTC
This entire move down from 87k seems to be forming a Descending Broadening Wedge.
Pretty standard textbook correction. We've already seen three taps of the bottom trendline, so a revisit of the upper trendline should give us a bullish breakout.
Acceptance above the Weekly Open will be the first confirmation of the bottom, while a reclaim of the 79.7k-80.3k region will ensure we don't see a throwback.
The clock is ticking. It's only a matter of time before we squeeze these shorts. $BTC
This entire move down from 87k seems to be forming a Descending Broadening Wedge.
Pretty standard textbook correction. We've already seen three taps of the bottom trendline, so a revisit of the upper trendline should give us a bullish breakout.
Acceptance above the Weekly Open will be the first confirmation of the bottom, while a reclaim of the 79.7k-80.3k region will ensure we don't see a throwback.
The clock is ticking. It's only a matter of time before we squeeze these shorts. $BTC
