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ELIX

$BTC continues to coil inside a falling wedge while trading below both the resistance trendline and the 50MA.



A decisive breakout above these levels could confirm renewed bullish momentum and open the door for the next leg higher. 📈

#BTC #Bitcoin
BTC2.48%
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RugProofMaybe
· 1h ago
Wait for a fake breakout spike, then a real rally.
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GateUser-dd8dffab
· 1h ago
Resistance line + moving average double suppression, a breakout requires news catalyst.
View OriginalReply0
GateUser-4590f4c6
· 1h ago
Don’t “milk” it—last time someone called it “bullish momentum,” and they’re still trying to get out of the red.
View OriginalReply0
AutumnTranquility
· 1h ago
Already on board, set the stop loss and go to sleep.
View OriginalReply0
MevTeaDrinker
· 1h ago
The end of a wedge pattern is usually accompanied by a surge in volatility, and options IV has already risen.
View OriginalReply0
HotAirBalloonViewingSchedule
· 1h ago
If it breaks below the wedge's lower trendline, it will behave. Now bulls and bears are 50-50.
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AirdropLunchbox
· 1h ago
The volume has shrunk like this; big players are probably waiting for the CPI.
View OriginalReply0
BridgeHopster
· 1h ago
I don't believe in a breakout when the 50MA is turning downward, unless it holds for three days.
View OriginalReply0
RetroRadio
· 1h ago
This pattern looks like the one in 2023, which ended up with a fake breakout and a drop.
View OriginalReply0
VolcanicMonolith
· 1h ago
📈Posting this emoji basically means a pullback is coming (not)
View OriginalReply0
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