yogayenga

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

BTC daily candle opens towards top of prior candle Friday's daily candle opened towards top 25% of yesterdays daily, indicating continuance of upward trend : Candle analysis Upward trend is supported by current positive news yesterday. Court ruling that xrp is NOT a security. Court, instead intends to prosecute directors, founders of xrp for using xrp as if it were a security . This is a historic court case ruling which xrp and all crypto has been waiting for, for a long time

Fundamentals:According to their official website, SHIB is an experiment in decentralised spontaneous community building on platforms such as reddit, twitter, discordThe crypto market is a volatile and unpredictable one, and often cryptocurrencies that have no reason for being on top often get pumped up. However, the coin has pumped this time after a tweet from Tesla CEO and Dogecoin investor Elon Musk. The price of Shiba Inu had earlier skyrocketed in a very short period after Musk shared a picture of his new pet dog named 'Floki'. On Monday, Musk tweeted yet another image of the pup with the caption ‘Floki Frunkpuppy’ which caused a sudden surge in the token’s prices. So there's definately a spontaneous element to SHIB populatityTrading: I look for a support trendline from which to buy i never short as alts are way too volatile