BTC Falling Wedge
BTC rejected supply nicely a few times but is hanging around. Solid support has been established around 62.6k, we also have the gray ascending trendline below that started in early September and remains intact. Bulls need to defend those areas, but I still consider it rangebound until it breaks above supply/65k or breaks down below its uptrend and the 62.5k area.
For now the 15m looks bullish as it's trying to breakout above this little falling wedge. It's been a choppy week so far though, but we'll see how it plays out. I expect a decent move once it breaks this ~2.5k range it has been in since last week.
For now the 15m looks bullish as it's trying to breakout above this little falling wedge. It's been a choppy week so far though, but we'll see how it plays out. I expect a decent move once it breaks this ~2.5k range it has been in since last week.
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advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/tiers
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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