Longing BTC here. Want to see how this ascending wedge plays out. Usually it's a continuation pattern, implying further "only down" price action. But it typically takes 3 line-confirmations (circled) for the movement to occur.


I've included a graph of BTC's recent breakdown out of a fan pattern (opposite of a wedge) that abided by the 3-tap rule there, confirming 3 rejections of the upper resistance line before breaking the lower support.
In fact, historically, BTC follows Wedge patterns perfectly, and while the fan pattern is less common, BTC follows it as well.
Either way, this framework has given me high-fidelity entries and exits on major BTC movements in the past, and I like using what works.
BTC-0.06%
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