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Rocksorgate
Nov 2, 2022 6:48 PM

☄️ BITCOIN DOES IT! ☄️ 

Bitcoin / U.S. dollarBitstamp

Description

☄️Wow, I didn't even get time to post the idea before waking up but here's a chart I made up for myself last night I was gonna share when I woke so here it is:



☄️I noticed Bitcoin had formed a wedge but I didn't expect the move to happen this quick, nonetheless I'm happy with it and we can see that while we did fall below and out of our wedge we managed to regain our footing and Bulls simply threw what they had at the crypto sending us above the wedge and forcing a breakout to put it simply.

☄️That in tune led us to breaking our $20,600 mark of resistance by which we've done for the third time now and will prove to be another test of whether or not we can keep above or lose our ground again. Though things aren't looking too bad, granted the FED will put down another rate hike they've made it clear that they will likely be less aggressive after that and we know the market likes to look ahead so hopefully times will brighten up soon enough.

☄️Leaving it at that but if you'd like to leave a like or follow it'd be much appreciated as always, thank you! Simply offering my insight as always, and none of this is financial advice of course, just a Rock's thoughts. Thank you and wishing well.


~ Rock '

Comment

Use your minute chart right now, looking like things are getting real volatile and we'll be in for a rough ride we fall below $20,390 like we see bears are pushing for right now.
Comments
Ben_vouh
that was just a liquidity grap it will crash now.. dxy will pump.. fed is dumping the market..
Rocksorgate
@Ben_vouh, Just seeing it now yeah, minute chart's looking ugly less support kicks. ~ Rock '
Rocksorgate
@Ben_vouh, Thank you for the comment by the way Ben, really appreciate it! ~ Rock '
tl27
Lol this didnt age well
Rocksorgate
@tl27, Chill it's been like 20 minutes lol, they still fighting.
Rocksorgate
@tl27, though yeah it's rough to see them hit like this for sure.
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