⚡️Hey guys! Important read so make sure you don't skip over this!
⚡️Before we start I'll attached the chart I put down last night before going to sleep because funny enough I wanted you guys to have the chart in case of any major movements and well, that's exactly what happened though this is definitely a surprise to see nonetheless, the volatility is going crazy but that just makes the fight all the better. Here's last night's chart I posted up:
⚡️I noticed last night that Bitcoin had this mini wedge which had formed the past few days and so I marked that out to you guys and to explain it again here basically, whichever way we exited the wedge was gonna give an advantage to whichever party it was whether that was the bulls or bears. In this case we saw how last night the chart was already exiting the wedge and it fell considerably lower before Bulls woke up and say no, no, no, quite literally buying up HUNDREDS of bitcoin for the simple purpose of regaining our EMA's and pulling us back up which they did. What happened then was the selling of a few hundred Bitcoin by the bears after that though the selling has not had as much of a weight as it did prior.
⚡️That's simply insane to see as Bears had made us lose our mini wedge and we're about to make us lose our MAIN wedge which is the last thing we can afford to lose right now and Bulls were well aware of that. That's why they kicked in as hard as they did. This tug a war is getting real intense and we're witnessing the fights of literal whales in the space.
⚡️All of this is happening at the end of the mini wedge so it's gonna be interesting to see what happens next as right now bears are presently pushing hard with the selling but here's a picture to show the wedge's bottom and if you wanna see the full wedge check out the idea linked below:
⚡️Right now we still wanna avoid falling below the wedge's bottom at whatever costs and that's why I'm putting this idea out for you guys so you can be aware and watch out for that as well as those EMA's though with this volatility EMA's go out the window but still, this is a hell of a battle to watch and personally I simply hope the Bulls can win and pull through again but only time will tell for that.
⚡️$21,160 is our support though whether or not that's real is hard to tell since it was thanks to the huge whale buy ins but but either way that wedge bottom should be considered our support and we simply don't wanna fall or cross below it, and if we do, we'll wanna see strong support pull us back up and kick in otherwise things can really get volatile and choppy waters. $21,800 is our resistance point (encircled) which has been tested twice now and failed so keep watch for that too.
⚡️As I'm finishing this idea here I see that bears have pulled us down with some big sells to that wedge's bottom and unfortunately have pulled us below already, I can only hope that support kicks in, otherwise we may be looking at a mountain fall here, or worse a sell-off should we fall a good distance below and out of the main wedge as bears are already doing and trying to push more with.
⚡️Gonna leave the idea here for now but if you read through all of that I really just gonna give a thank you and my appreciation, it's not easy putting up these ideas, let alone every day but I never give up and always manage to do my best and provide what I can to you guys. If you'd like to leave a like or follow it'd be much appreciated, thank you guys so much and wishing nothing but the best, thank you!
~ Rock '
⚡️Before we start I'll attached the chart I put down last night before going to sleep because funny enough I wanted you guys to have the chart in case of any major movements and well, that's exactly what happened though this is definitely a surprise to see nonetheless, the volatility is going crazy but that just makes the fight all the better. Here's last night's chart I posted up:
⚡️I noticed last night that Bitcoin had this mini wedge which had formed the past few days and so I marked that out to you guys and to explain it again here basically, whichever way we exited the wedge was gonna give an advantage to whichever party it was whether that was the bulls or bears. In this case we saw how last night the chart was already exiting the wedge and it fell considerably lower before Bulls woke up and say no, no, no, quite literally buying up HUNDREDS of bitcoin for the simple purpose of regaining our EMA's and pulling us back up which they did. What happened then was the selling of a few hundred Bitcoin by the bears after that though the selling has not had as much of a weight as it did prior.
⚡️That's simply insane to see as Bears had made us lose our mini wedge and we're about to make us lose our MAIN wedge which is the last thing we can afford to lose right now and Bulls were well aware of that. That's why they kicked in as hard as they did. This tug a war is getting real intense and we're witnessing the fights of literal whales in the space.
⚡️All of this is happening at the end of the mini wedge so it's gonna be interesting to see what happens next as right now bears are presently pushing hard with the selling but here's a picture to show the wedge's bottom and if you wanna see the full wedge check out the idea linked below:
⚡️Right now we still wanna avoid falling below the wedge's bottom at whatever costs and that's why I'm putting this idea out for you guys so you can be aware and watch out for that as well as those EMA's though with this volatility EMA's go out the window but still, this is a hell of a battle to watch and personally I simply hope the Bulls can win and pull through again but only time will tell for that.
⚡️$21,160 is our support though whether or not that's real is hard to tell since it was thanks to the huge whale buy ins but but either way that wedge bottom should be considered our support and we simply don't wanna fall or cross below it, and if we do, we'll wanna see strong support pull us back up and kick in otherwise things can really get volatile and choppy waters. $21,800 is our resistance point (encircled) which has been tested twice now and failed so keep watch for that too.
⚡️As I'm finishing this idea here I see that bears have pulled us down with some big sells to that wedge's bottom and unfortunately have pulled us below already, I can only hope that support kicks in, otherwise we may be looking at a mountain fall here, or worse a sell-off should we fall a good distance below and out of the main wedge as bears are already doing and trying to push more with.
⚡️Gonna leave the idea here for now but if you read through all of that I really just gonna give a thank you and my appreciation, it's not easy putting up these ideas, let alone every day but I never give up and always manage to do my best and provide what I can to you guys. If you'd like to leave a like or follow it'd be much appreciated, thank you guys so much and wishing nothing but the best, thank you!
~ Rock '
