BTCUSD / D1 / ~300 pt drop

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I see hidden bear division on D1, and, a rising wedge . I understand some influencers have mentioned the rising wedge ( bearish signal) could be a fake out, and that we could break the 6900-7000 resistance. However, taking cue from my previous experiences charting bitcoin , we've two indicators (both bear div & rising wedge ) pointing a similar outcome, i.e. a drop ; Ideally, a short from >6750 would be a good idea imo . As usual, appreciate your thoughts & comments.

Disclaimer: None of the content i share is a financial advise of any sorts, and is purely for educational and knowledge sharing purposes.
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Not to mention the similar patterns are visible on H4 and other TFs. On H4, we can see regular bear div, implying the journey from 66-6800 could be a tight squeeze, or a sudden pump/dump squeezing both longs and shorts, while respecting the diagonal support and resistances of the rising wedge before dropping to sub 6500 levels.



My friend from your discord send me to you :) My question is what do you mean by 300 pt? Do you mean $300? Thanks!
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crypto_brahma anniemaccc
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