Essendy

Potential RSI divergence & false breakout of the wedge. Still above VWAP from May 21 highs, for now.

Last time this triangle broke out it ran ~20,000%.

Looks very bullish imo especially if we get a weekly RSI close above 70. See the last time this happened in 2020 with the blue arrows - price ran from ~ $FWB:14K to low $60s. Strong push above ATH VWAP & weekly 200 sma as well.

I've got a bearish RSI divergence at resistance. Don't shoot the messenger. No position for me.

Monthly turned green to red today. Obviously early in the month but I always like to note when the candle changes color. Also note that it appears to be rejecting VWAP from ATH, multiple ma's, 2021 dip lows, and a key Fib extension. CPI report in the morning could be a catalyst to move this. Regardless if CPI moves it or not, I think we see a large candle (20-30%) this month or next after being in a tight range the past 6 months. Evidence is leaning towards down, but this is crypto & could easily see a massive green candle to negate everything I just mentioned. Currently have a small position in MSTR puts.

Broke down out of rising wedge & retraced back up to monthly supply. Currently rejecting. Not a bad short against the September highs imo.

BTC Price action feels very bullish today. Similar to price action back in March after completing a similar failed h&s pattern. Could be the beginning of a massive bull run if it can get above $30k & hold the line.

Into weekly supply today. BTC also at $30k resistance. CPI tomorrow. Place your bets.

Gonna go out on a limb here & say that this weekly demand zone finally broke. Might get a little bounce off the 2019 highs but ultimately I'm looking for 10k area next. Probably early 2023 if I had to guess but wouldn't be surprised to see it this year.

Fourth weekly close in a row in the weekly demand zone. Personally, I think there is maybe a 5% chance that this sees a new ath before testing monthly demand. Lose 17.5k and that drops to 0%.