Pulling back on BTC's chart reveals something interesting. The price? Still locked inside that rising wedge formation—and here's the thing about wedges, they usually crack downward.
What's next? A bounce back to test that lower trendline looks pretty probable. Could happen before we see any real push toward that 100% Fib extension target on the upside. The structure's playing out exactly as these patterns tend to—slow squeeze, then the break.
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RugPullAlarm
· 12-10 17:04
It's the same old trick again. An ascending wedge usually breaks downward, and this time won't be an exception. The key is whether the funds have fled in advance and what the concentration of on-chain addresses looks like.
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RetroHodler91
· 12-10 17:00
Here comes the wedge breakdown theory again? I've heard this explanation a hundred times already. What's next?
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BearMarketSurvivor
· 12-10 16:56
The wedge breakdown downward, I've seen this move too many times. The key is to hold the lower boundary; if you don't hold it, you have to accept defeat and exit.
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NotSatoshi
· 12-10 16:55
Here comes the same old technical analysis to cut the chives again, wedge breakdown? It's an old trick, brother.
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MrRightClick
· 12-10 16:45
Shaft breakouts are often downward; I've seen this trick too many times.
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CoinBasedThinking
· 12-10 16:43
The wedge breakdown needs to wait, the bottom support is the key
Pulling back on BTC's chart reveals something interesting. The price? Still locked inside that rising wedge formation—and here's the thing about wedges, they usually crack downward.
What's next? A bounce back to test that lower trendline looks pretty probable. Could happen before we see any real push toward that 100% Fib extension target on the upside. The structure's playing out exactly as these patterns tend to—slow squeeze, then the break.