Technical analysis by yogayenga about Symbol BTC: Buy recommendation (10/18/2023)

if we bounce off this Bottom Blue support, then we add more weight to the idea of in a rising wedge pattern on the daily. Most likely count another 7 or 8 days then we head back up over 30k to Red Resistance. This is all probability theory and should be traded with risk managementTrend is up, for now, has been since December 2022The least risk trade is buy at Bottom Blue support, following the age old rule, buy low ( Blue ), sell high ( Red )Remember what happens at the end of a rising wedge....the big dip, so a drop is expected on the daily after this pattern completes....then on to the next 'pattern' printed by the 'powers that rule the game'another interesting observation isusoil also has a rising wedge pattern, but in a totally different formation, unique to its own fundamental price swings ( how it responds to 'news' or real world data )The rising wedge is still a valid pattern idea, 48 hours laterThe ascending broadening wedge pattern indicates a potential selling opportunity after this uptrend But remember that in the overall picture, btc has been in an uptrend for 13 yearsMy opinion is that all markets are manipulatedAnd crypto is no exceptionOne trillion is current market capital, and ATH it was three trillionTwo trillion has been wiped out of the market...i believe that this was planned by those who pumped and dumped In this ascending wedge pattern, the price fluctuates between the upper resistance line and the lower support lineplease note that this is a reversal of current upward trend patternuntil , 'the powers' that be, print another nice pattern for us to 'believe' that we dont live in the matrix, and that patterns are the new reality :)crypto teaches us , again that nothing is solid, real....everything is an illusion, impermanent, manipulationcrypto is a brand new space for creating more manipulation of marketsTrading is learning to be a better risk manager of manipulation