What's up TV Fam:
BTC's move over the last 7-10 days has been quite interesting to say the least.
Everyone this week was shocked to see BTC climb over $22k, hold, and even tickle the balls of $23k.
As you can see, a massive descending wedge is forming and with the recent move from last night, I re-drew the top line of resistance so the wedge is even larger than before - in effect, making it take longer for price to squeeze down before a bottom is found.
The Fib I drew to confirm a .618 - .65 Golden Pocket was candle close to candle close (which is the closed orders for the period). Indicated by the yellow arrows.
The rally in mid-2019 took place AFTER we capitulated --- so let's not forget about that...
Capitulation NEEDS to take place to flush out all the perma-bull Twitter NFT Anons who are down bad on Twitter, and the YouTube Crypto Gurus, regardless of being below the 200SMA.
A lot of the historical price action with BTC was BEFORE Wall Street dabbled (pre-March 2020).
Twitter NFT Anons needs to stop flexing.
BTC, ETH, Altcoins, Shitcoins all follow SPX and Equities. Period.
BTC's move over the last 7-10 days has been quite interesting to say the least.
Everyone this week was shocked to see BTC climb over $22k, hold, and even tickle the balls of $23k.
As you can see, a massive descending wedge is forming and with the recent move from last night, I re-drew the top line of resistance so the wedge is even larger than before - in effect, making it take longer for price to squeeze down before a bottom is found.
The Fib I drew to confirm a .618 - .65 Golden Pocket was candle close to candle close (which is the closed orders for the period). Indicated by the yellow arrows.
The rally in mid-2019 took place AFTER we capitulated --- so let's not forget about that...
Capitulation NEEDS to take place to flush out all the perma-bull Twitter NFT Anons who are down bad on Twitter, and the YouTube Crypto Gurus, regardless of being below the 200SMA.
A lot of the historical price action with BTC was BEFORE Wall Street dabbled (pre-March 2020).
Twitter NFT Anons needs to stop flexing.
BTC, ETH, Altcoins, Shitcoins all follow SPX and Equities. Period.