Bitcoin Liquid Index
Panjang

Descending triangle? What Descending triangle?

140
People are getting so carried away about a few little wicks... All noise within the larger scale of things. This close to the halving, approaching the most bullish quarter for Bitcoin, and in a wedge which at worst is neutral pattern, and based on the weekly candle bodies is clearly ascending rather than descending. A break and close below the 21-week EMA of course changes things, but until then I'm looking for a close above $11,500 to start the inevitable next stage of this bull run.

Hope you're all strapped in for an exciting Q4! Moon, Lambo, whatever your motivation, just keep HODLing.

Penafian

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