Traders,
After breaking to the upside of our long-standing, year-old bullish descending wedge, BTC is retreating exactly as I hoped it would do.
Wait! Did you read that right? Was I really hoping for BTC to retreat after breaking to the topside of its wedge?
Well, yes. Actually, I was. Cuz’ that retreat represents patently perfect technical price action. See, after a breakout of previous major resistance, which now becomes support, price loves to go back down to retest that resistance/support level/zone. And personally, I’d rather this retest happen sooner than later!
I may be on the hunt to snag some BTC here real soon!
Best of luck traders!
Stew
After breaking to the upside of our long-standing, year-old bullish descending wedge, BTC is retreating exactly as I hoped it would do.
Wait! Did you read that right? Was I really hoping for BTC to retreat after breaking to the topside of its wedge?
Well, yes. Actually, I was. Cuz’ that retreat represents patently perfect technical price action. See, after a breakout of previous major resistance, which now becomes support, price loves to go back down to retest that resistance/support level/zone. And personally, I’d rather this retest happen sooner than later!
I may be on the hunt to snag some BTC here real soon!
Best of luck traders!
Stew
Stewdamus Trades -
Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
