Following up on the last couple of BTCUSD charts (which I nailed and was able to stack at the lows).
The wedge formation is playing out towards the green arc wall as expected.
I expect a test of the $45K area before a rejection and drawdown to $42-43, where it forms a touch point on the right side of the green arc wall.
Most people will be expecting a retest of $40K and will set buy orders too low. It will never get down to the support side of this triangle again.
Once it touches the arc wall, it's off to the races, and this time $45K will not provide much resistance. It's going to be a classic BTC bull market pump, where you wake up some days and can't believe what's going on.
Invalidated if the green arc wall is decisively broken, I'll update in that case. But upside is still $75-78K in short order.
Good luck and enjoy, and remember that real "WEALTH" is what you can contribute to others.
Spread good energy and hit the like button if you got any value from this!
The wedge formation is playing out towards the green arc wall as expected.
I expect a test of the $45K area before a rejection and drawdown to $42-43, where it forms a touch point on the right side of the green arc wall.
Most people will be expecting a retest of $40K and will set buy orders too low. It will never get down to the support side of this triangle again.
Once it touches the arc wall, it's off to the races, and this time $45K will not provide much resistance. It's going to be a classic BTC bull market pump, where you wake up some days and can't believe what's going on.
Invalidated if the green arc wall is decisively broken, I'll update in that case. But upside is still $75-78K in short order.
Good luck and enjoy, and remember that real "WEALTH" is what you can contribute to others.
Spread good energy and hit the like button if you got any value from this!
Comment:
There's the test and rejection from $45K. Now let's see where it wants to touch the arc wall and take off from.