I don't think we break 50k in a significant fashion. I can see us hit maybe 52k, then get rejected outside of this ascending wedge.
This current ascending wedge looks prime for breaking below.
We have gone up 20k with crazy bullishness to 40k. BUT... I cant get the last dump out of my bias completely. We aren't in price exploration so I feel odds are against us having bullish continuation beyond 50k.
Getting BACK to 65k top is more likely to be a lot more difficult to achieve, in this context.
If we close the weekly above 50k, and we are 52k to 53k... I may try another swing long.
MY ROUGH PREDICTION = I think we range tight at 51/52k to 48k until we hit lower trend line of ascending wedge
Shoutout to todays trading view ideas = @MarcPMarkets
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:00 = Ascending wedge update
2:30 = Hard to break further up
4:00 = 50k rejection retrace ideas
8:20 = Short setup idea
9:25 = Lower trend line is significant
10:30 = Short
12:15 = BTC 1 weekly
13:00 = BTC 1 monthly
14:00 = Moving averages 1D
16:25 = @MarcPMarkets - 50k resistance?
19:30 = Closing words
This current ascending wedge looks prime for breaking below.
We have gone up 20k with crazy bullishness to 40k. BUT... I cant get the last dump out of my bias completely. We aren't in price exploration so I feel odds are against us having bullish continuation beyond 50k.
Getting BACK to 65k top is more likely to be a lot more difficult to achieve, in this context.
If we close the weekly above 50k, and we are 52k to 53k... I may try another swing long.
MY ROUGH PREDICTION = I think we range tight at 51/52k to 48k until we hit lower trend line of ascending wedge
Shoutout to todays trading view ideas = @MarcPMarkets
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
1:00 = Ascending wedge update
2:30 = Hard to break further up
4:00 = 50k rejection retrace ideas
8:20 = Short setup idea
9:25 = Lower trend line is significant
10:30 = Short
12:15 = BTC 1 weekly
13:00 = BTC 1 monthly
14:00 = Moving averages 1D
16:25 = @MarcPMarkets - 50k resistance?
19:30 = Closing words
