Possible giant rising wedge on BTC

29 juin 2021

We could have a potential massive rising wedge here to 37.5k meaning in the short term a big fast pump. This post is just explaining more on my first post why I'll be bullish short term to 37.5k and why i will be bearish at that level and take profits. If we claim 38.5k, (a massive resistance) that is invalidated and i think we can potentially break the range to the upside to see 54k+. If this drops though I'm expecting at least 22k which is the breakdown target from the range.

We could have a potential massive rising wedge here to 37.5k meaning in the short term a big fast pump even though everything is already looking overextended as hell.

29 juin 2021

Note

These are two fractals from BTC, one taken on the 8 hour (red) and one in the 4h (green) which is found at the top of the relief rally after the red fractal had played out.

29 juin 2021

Note

Both relief rallies run towards what would be 37.5-37.8k which is where there is strong supply.