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blz_legend
Mar 22, 2022 9:33 AM

Cake/btc weekly falling wedge on verge of breakout! Long

CAKE / BitcoinBinance

Description

This is a weekly pattern but is just more visible on daily chart!

Hi guys this pattern of cake/btc is close for a breakout so i bought some cake and staked it on binance. You could leverage this trade but personally I'm planning to jump on spot because i want to hold cake to ath and above while also staking cake! this is NFA! DYOR especially if you're a leverage trader!
Comments
MoonerSooner
target ?
blz_legend
@MoonerSooner aw come on. target for a falling wedge is always the top of it. remember that bro which us 0.0007 here
MoonerSooner
@blz_legend, imagine btc at 100-200k :D it could give us a moon cake
blz_legend
@MoonerSooner i doubt bitcoin is pumping to 100k during altseason i believe somewhere in the 50k's is max for btc in altseason
blz_legend
@MoonerSooner but at the same time, the falling wedge target is 0.0007 who said it can't go more?😆🚀
MoonerSooner
@blz_legend, agree ! another interesting chart is cake/bnb
blz_legend
@MoonerSooner haven't seen that chart
blz_legend
@MoonerSooner most of my money is in cake and staked. if cake doesn't reach $60 this altseason, tough luck to me cause thats where in trying to sell. $60 per coin. if not this altseason, i wouldn't mind waiting a couple like a year or 2 or even 3 since im staking the money and getting nearly 2 coins per month. once cake goes $60 it means i was making 120 per month
MoonerSooner
@blz_legend, my top for cake is 100usd, but with mania phase it could go to 2-300 usd. Or not ?
blz_legend
@MoonerSooner $100 is possible it would only mean about 30b marketcap. if that hits I'll be partying 😆 200 or 300 per cake i dont think so not this altseason atleast
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