Could easily breakout of this descending wedge Wednesday

23 Mar

Timing would be just right for a bullish break up and out of this huge descending wedge some time in the next few days. An upward channel has developed on the 4h chart, which further signals this may be where the price is headed.

Please add your thoughts on this idea below.

24 Mar

İşlem aktif

this could be interesting in the next 12 hours

24 Mar

Not

will be a hard battle fought around 90k, hope it isnt just massively rejected.

25 Mar

Not

There is a smaller rising wedge within a larger falling wedge. How price reacts today and tomorrow will be very interesting and give us a sense of where we are headed in the short term.

26 Mar

Not

Today and tomorrow are huge. We need to stay above 85.5 if we are long. Losing the daily uptrend will almost guarantee we move further down over the next few days and risk returning to a bearish trend.

On the other end, we need to break thru 89k today or even tomorrow with some decent volume and close above that; this (barring any traps which is always a concern) will be very bullish.

26 Mar

Not

worth noting: leveraged shorts are stacking massively over longs on binance right now. this leads me to want to long here. it's just too juicy of an opportunity for exchanges to rekt all these shorts.

27 Mar

Not

well we are still in the smaller upward channel and still in the larger downward wedge...