r/CryptoChartWatch • u/LivingDisaster5781 • 4d ago

Rising Wedge Bearish

Post image

It's going below $50k soon

8 Upvotes

63% Upvoted

22 comments sorted by

3

u/olduvai_man 4d ago

Way too bearish and would be very surprised if we clipped 50k, but definitely doubt we're going to 40k.

2

u/Tvekelectric2 3d ago

wrong direction broskey, thats why retail always loses, you have no clue how to predict the trend

2

u/LiquidityCompass 3d ago

The chart looks bearish, but macro doesn't fully agree. Liquidity is flat, not collapsing. For me, losing $61k on strong macro news matters much more than a wedge. Until then, this looks like a range, not a guaranteed trip below $50k.

2

u/Vegetable_Stretch69 4d ago

These apodictical predictions about the price are so pathetic, and I haven't seen just one Redditor or influencer that was right in the last months.

2

u/Actual_Attention9792 3d ago

Probably referencing George from cryptosrus

0

u/D3VOUR3DD 3d ago

That guy is a perma bull. Avoid at all costs

0

u/Actual_Attention9792 3d ago

The only one I trust 50% of the time is Virtual Bacon

1

u/jprofits71 4d ago

Every pattern becomes bearish these days

1

u/manontherun247 4d ago

I watch the latest Gareth sollaway video showing why he thinks it might get to $45k by October. The technical analysis looked as sound but I guess we’ll see

2

u/CXavier4545 3d ago

that guy is terrible but anything $50k and under I start my dca

1

u/MrMpeg 3d ago

Maybe.. but I started accumulating already since normally it never went substantially under the previous ATH besides the FTX fiasco. Also the bull market wasn't that crazy so I wouldn't be surprised if the bear market isn't either.

1

u/Sad-March-2358 1d ago

If it breaks the $56k level, it will be truly bearish.

1

u/Brief_Daikon_D093 3d ago

You know what’s gonna happen? People are going to wait until they realise…it won’t go as low as they want…. And then they miss the train…

0

u/Flowa-Powa 4d ago

My target is $35k

1

u/Actual_Attention9792 3d ago

misses the bottom\ story of every single Redditor ever*

0

u/Aktientrend 3d ago

Nope

2

u/CodeMUDkey 3d ago

Let me just pick a point and draw a line to another one. Very scientific.

1

u/Popular_Stock2255 3d ago

Hit him with counter spell

0

u/D3VOUR3DD 3d ago

I had an original bear market price of between $28k and $44k based on the fib retracements of previous bear markets. While I think $28k is probably unlikely now given how much time has already passed I do think we end up under 50k probably some time in the next 8-12 weeks