Bitcoin MOON or Back to the roots?

As we can see, BTC managed to break out of the wedge.

It then touched 10.000USD.

Right now it lost about 1000USD in two days, not cringing around at 9kish.

We also manged to enter the left wedge again, at about its end.

Two ways now:

1. We close the wedge and accumulate over the next days, to get higher than 10.000

or

2. We close the wedge negatively and we retest resistances (some call it levels) at

- 8850

- 8500.

-8200

-7800 -> at this point we could consider to think about a short term beartrend

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all these levels above have one target in the bullseason-> accumulate to make higherhighs (probably 10.300-10.700).



My idea is, we are no retesting levels we already hit, to make them resistances when we go higher and fall back, so everyone knows and sees it.

If we manage to hit 7800 or lower, a short term Beartrend is possible which can lead us to 6kish or even lower.



Focus on the journey, not the destination. Joy is found not in finishing an activity but in doing it.

Hope you enjoyed it as I did reflecting on this one and follow me if the content pleased you.
Feedback would be awesome, twitter in bio

Sincerly,
your Maito Dai

Comment:

A triangle can lead to false predictions. You can see how well BTC crosses and touches all the lines and squares we drew in!

Good job!

Comment:

Very precise analysis and still valid!

the profits from level to level made us profits!
thats it team! Let´s go!

Comment:

Sorry, can't load new data since this idea was published a long time ago. We don't store this much data for this interval.

I am really sorry, tradingview won´t let us check this chart in a perspective back in time.

Never mind, this would have been very interesting to see!

Comment:

I tried again to reload the chart.

Still, Tradingview.app will not load the data.

Anyway, have a nice day and keep rollin ;-)