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/biz/ - Business & Finance

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File: 48 KB, 1098x493, pattttern.png [View same] [iqdb] [saucenao] [google]
56872594 No.56872594 [Reply] [Original]

What's this pattern called?

>> No.56872600

>>56872594
>What's this pattern called?

>he shorted :?

>> No.56872603

bullish pattern

>> No.56872623

>>56872594
the "he sold? pump iet" pattern

>> No.56872625

>>56872594
The bullrun trickout

>> No.56872830

>>56872594
>Dexscreener
checked OP
CAPTCHA:

>> No.56872846
File: 38 KB, 866x566, small wedge.png [View same] [iqdb] [saucenao] [google]
56872846

>>56872594
It's just a little wedge, within the HUGE Rising Wedge which we recently had an educational thread about: https://archived.moe/biz/thread/56831656

BTC broke out a tiny bit above the Rising Wedge, an inherently bearish structure, and when such a breakout occurs above a Rising Wedge it's almost always a fakeout meaning the price dumps back into the wedge. Proper breakouts above Rising Wedges do occur, it's just exceptionally rare. The crabbing we're seeing now is possibly confirmation of this being a fakeout.

Interesting BTC stopped pumping, or slowed down significantly, for now at least, at the top of this tiny little wedge. If BTC crawls along right under the roof of this small wedge then by next week it will be 44k which is roughly where the main resistance is (the support from 2013 that failed in 2022 and since has been traded as resistance).

If BTC breaks out above this tiny wedge then it seems less likely this is a fakeout. Especially if it goes to 45k or so, to above the resistance and the market begins trading it as support again.

>> No.56872850
File: 42 KB, 982x765, The Rising Wedge.png [View same] [iqdb] [saucenao] [google]
56872850

>>56872846
<-- The huge Rising Wedge.

>> No.56872856

This is 1D timeframe: >>56872846
This is 1W timeframe: >>56872850