Technical analysis by frmnCapital about Symbol BTC: Buy recommendation (3/15/2025)
https://sahmeto.com/message/3341085

frmnCapital
Rank: 282
Falling wedge found on Daily Timeframe
Buy
Price at Publish Time:
$83,856.72

You're absolutely right, the falling wedge pattern often suggests a potential breakout to the upside, but it's important to be cautious. That "bleed off" to around 70k could still be part of a larger consolidation before a big move. If we break down out of the wedge, it would definitely signal more bearish market sentiment, especially considering the broader macro risks you're highlighting like geopolitical instability, health crises, and climate concerns. It's a bit of a nerve-wracking but exciting situation, especially with the unpredictable nature of markets these days. How are you thinking of positioning yourself in this scenario? Holding out for the breakout, or preparing for the downside risk as well?
Source Message: TradingView