$BTC HAS FORMED AN ASCENDING WEDGE.

Ascending wedge is bearish by textbook definition but Bitcoin breaks patterns more than it follows them. The real question is not whether the wedge resolves down it is whether the HTF support levels below are strong enough to catch the move when it does. A wedge breakdown into a major demand zone is a very different setup than a breakdown into thin air. Where are the key levels below if this resolves to the downside?

It is a bearflag

Thats a bear flag

ascending wedges are textbook bearish but btc has a habit of doing whatever it wants, let’s see if it fakes out again or actually drops

This bullshit

Pattern means nothing without context. Watch volume.

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Bitcoin remains the reference point for risk.

Could see a monthly open push up for a distribution.

Watch $BTC ascending wedge rip higher and liquidate the bears hahaha

Wedge posts always divide opinions 😂

Matches the daily picture: no volume confirmation on the buyer side, $72k holding but without conviction. If this wedge breaks down, next support can get ugly.

Last day of the month. Will the monthly candle form a wick on the bottom of the candle?

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Again?

Time fram .?

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Noted, thanks for sharing

Breakdown risk building here

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На клинах найчастіше ловлять тих, хто заходить “всередині”. Ти б тут грав від пробою чи відкатом?

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The breakout direction from here will decide the next major move.

Fun times ahead.

The breakdown level is what matters now.

Structure matters, but liquidity can invalidate patterns fast 📉

Question should be, how is it that it has held for so long?

is this a bull movement indication?