BitcoinPanjang
BTC All Time High reveals WEDGE and FIB Confluence!
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Now that we've confirmed a new all time high, we can deduce that the previous low completes our last structure. We can now confidently draw some lines
• FIB extension shows 1:1 of 72k BTC.
• GREEN - drawing ice lines on lows and highs shows an ascending wedge pattern.
• YELLOW - from low to high these lines show angle of aproach on previous structure duplicated and not scaled, just placed on current structure with Log scale.
Confluence is 3 fold here! My hands are strong till 72k. My only fear is that this chart is so obvious I think everyone will draw it and whales will break it to keep all the gaming traders guessing.
• FIB extension shows 1:1 of 72k BTC.
• GREEN - drawing ice lines on lows and highs shows an ascending wedge pattern.
• YELLOW - from low to high these lines show angle of aproach on previous structure duplicated and not scaled, just placed on current structure with Log scale.
Confluence is 3 fold here! My hands are strong till 72k. My only fear is that this chart is so obvious I think everyone will draw it and whales will break it to keep all the gaming traders guessing.
Nota
Breaking out of this huge trend is a pretty big deal. It was a rising wedge... I was amazed we made it this long.I sold my position as soon as we broke down through the trend line and am expecting lower lows. Setting target at 42k support
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.