Just saw a few angles and trends creating a rising wedge/triangle (depending on which charts) in the 4hr chart
im still bearish till we come down to test near lower 6k$ again
expecting to break down out of the formation
if it holds we could see a reversal rally to over 7k, needs to be closing over 7300$ and up into the gann fan area for my bull hat to be pointing forward tho
have a great weekend and watch out for big bitcoin moves after the weekday markets close
peace up
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pre market close dump
still within the triangles/wedges
have a great weekend and if u got orders, use a SL plz
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about to break down or continue up in the wedge
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broke down as expected but had a lil rally, weak volume due to the weekend (and maybe football lol)
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some price action on bitcoin pushed out of the triangle but with bullish action
gotta stay over the 0.786 fib here for more gains, breaks below 6360 then we could be back in with the bears
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expecting to maybe hit the gann fan line and rebound again and if not breaking this we will see a small dump to 6300 area before the weekday markets open
It is so nice to go back to your past charts and see the big impact your spot on support/resistance lines had.
majorlee
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@foxygirl, perfect, thanks for the comment, im glad its been useful, feedback is great to hear, i dont always get it right but seem to have a good balance :)