âĄïžWishing all well as always, just gonna do the quick Bitcoin TA here since not much has changed besides the fact that we're still above the wedge.
âĄïžBefore I start here's a quick look at that 15 minute chart to hopefully demonstrate and show things a bit better:
âĄïžBitcoin thankfully has managed to avoid falling below our Wedge line and is still dealing with the tug a war with that 200 EMA though at least we know there's some sort of fight going on and Bulls definitely like to demonstrate their strength where they can but what's mattered most up to this point is that we've avoided falling below our wedge line which should be considered a support in itself.
âĄïžGranted the fact that the wedge support line isn't necessarily at one point or straight the fact still remains that the line has withstood it's tests only having been touched three times now since Bitcoin's fall from $28,000 so that's one of the reasons this line is so crucial until this wedge finishes.
âĄïžGonna leave the idea here but not much, just the Tug a war going on now as Bulls and Bears fight for their own agendas although the main thing we simply need to focus on is seeing that chart stray away from the wedge support line and move up and up so that we can avoid any bad falls or sell off's which could potentially happen if we we're to lose our grip above the line.
âĄïžJust letting you guys know what to be aware of and that you should keep an eye on that 200 EMA of course as that'll determine things, especially should a mountain fall start, though I'm happy to see that higher high form in this latest mountain but we need support to definitely keep us up. Thank you for tuning in, if you'd like to leave a like or follow it'd be much appreciated. Thank you.
~ Rock '
âĄïžBefore I start here's a quick look at that 15 minute chart to hopefully demonstrate and show things a bit better:
âĄïžBitcoin thankfully has managed to avoid falling below our Wedge line and is still dealing with the tug a war with that 200 EMA though at least we know there's some sort of fight going on and Bulls definitely like to demonstrate their strength where they can but what's mattered most up to this point is that we've avoided falling below our wedge line which should be considered a support in itself.
âĄïžGranted the fact that the wedge support line isn't necessarily at one point or straight the fact still remains that the line has withstood it's tests only having been touched three times now since Bitcoin's fall from $28,000 so that's one of the reasons this line is so crucial until this wedge finishes.
âĄïžGonna leave the idea here but not much, just the Tug a war going on now as Bulls and Bears fight for their own agendas although the main thing we simply need to focus on is seeing that chart stray away from the wedge support line and move up and up so that we can avoid any bad falls or sell off's which could potentially happen if we we're to lose our grip above the line.
âĄïžJust letting you guys know what to be aware of and that you should keep an eye on that 200 EMA of course as that'll determine things, especially should a mountain fall start, though I'm happy to see that higher high form in this latest mountain but we need support to definitely keep us up. Thank you for tuning in, if you'd like to leave a like or follow it'd be much appreciated. Thank you.
~ Rock '
