Bitcoin just broke out of a falling wedge on the 1 hour. From what I understand these aren't the most reliable on such small time frames. I think it could push it up a bit and maybe to the top of the larger rising wedge. The red line is short term support. It could break up out of this wedge and make higher highs past the resistance OR, If it breaks that red line it could go down to test the lower line that's been holding for this more recent run. Let's see.
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This is a very short term outlook here just FYI
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The euphoria in these chats is getting ridiculous. Every YouTube video calling for the moon. I think the hammer drops soon, even if we break it. The FOMO is getting closer. I guess I might be dead wrong, but the greed is sufficient I believe.
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moment of truth here
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We are still in the rising wedge and I hear all kinds of crazy bull calls. It hasn't closed a 1 hour or 2 hour yet above the wedge. we need a bit more movement and or time to confirm any kind of breakout. It could just liquidate these longs and head back down.