KarlosMatos

Verge Verge has a massive up side potential. This is the situation of where Id expect to TP IF BTC doesnt go on a 2023/2024 bull run

Killed it on the last analysis. There are alot of bearish indicators however it appears there is one more rally to the upside to complete the bearish ascending wedge, the right hand side of the inverse cup and the expanding wedge.Happy to 5-10x long here into a 5-10x short around 50k.The top bottom and central lines appear to originate from the 3.5k final dip before the bull run.. Now the central curve is providing resistance/support with 20-25% bounces off, usually with the retest going through. This is the basis for my understanding that another rally into the upside of the expanding wedge formation is possible.

The overall general steam appears to be running out over the mid to long term.I am expecting the curve to hold.Low leverage short opportunity. 5-10xThis is a bounce on the way down.Still expecting 37666 and potentially a further leg down to the 30-32k range.Long term expecting a retest of the historic ATH, with an ultimate push to 10-15k range over the next 12 months.Still expecting 37666 and potentially a further leg down to the 30-32k range.Tell me why we would have a sudden influx of demand?? I see no reason a person would buy here, and if we set lower lows then a true break in confidence into a huge sell off is possible.True demand wont kick in until the 9-12k range. Yes it will be a bumpy ride down but short it remains.

Rip down to next fib for Liq grab and up.I am seeing rejection here which could push us down for a retest and potential push even further down to reset levels and funding rates etc.If the composite man is buying then its not at these levels.