Haven’t seen anything of late on the charts that has got me optimistic, however this wedge forming looks bullish with a target of 34k, reclaiming 34k is a strong level to take.
S&P500 is looking pretty poor recently so any TA could be wiped as we look to enter a global bear market, money is made in a bear which is always important to remember, look at bear markets as opportunities rather than depression.
Anyways, on the daily we have a bullish reversal candle stick pattern forming (stick sandwich), this is also forming on a key support/buy level for BTC. Breaking this wedge would also push us closer to breaking the counter trend which if I’m not mistaken is also a flat bottom wedge (bearish unless counter trend is broken).
Obviously all markets aren’t holding a strong as they can, although this wedge could play out bullish with around a 16% move BTC still feels weak, lots of buying at this level is a good sign but we really need something to push a move upwards, I believe we need to break this counter trend, breaking this could wedge is the first step towards this target.
This is not financial advice, I am purely posting this for future reference and hopefully some advice along the way.
S&P500 is looking pretty poor recently so any TA could be wiped as we look to enter a global bear market, money is made in a bear which is always important to remember, look at bear markets as opportunities rather than depression.
Anyways, on the daily we have a bullish reversal candle stick pattern forming (stick sandwich), this is also forming on a key support/buy level for BTC. Breaking this wedge would also push us closer to breaking the counter trend which if I’m not mistaken is also a flat bottom wedge (bearish unless counter trend is broken).
Obviously all markets aren’t holding a strong as they can, although this wedge could play out bullish with around a 16% move BTC still feels weak, lots of buying at this level is a good sign but we really need something to push a move upwards, I believe we need to break this counter trend, breaking this could wedge is the first step towards this target.
This is not financial advice, I am purely posting this for future reference and hopefully some advice along the way.