Beautiful breakout of this ascending triangle here and it has been a pleasure charting $BTC.
Cryptos follow technical analysis because we arguably can not measure their fundamentals.
So a good grasp of technicals, formations, trends and theorys and it should behave normally and that's exactly what has happened here.
Fundamentals can help us find undervalued stocks but they can also be a handicap for a chart too, as weak fundamentals can break down a chart, especially after a bad earnings. Bitcoin does not have this issue but it does have the threat of being regulated by governments, when regulatory issues go away, Bitcoin is free to move and this appears to be happening here.
Members who have been following this chart are up considerably, $ETH is still slightly behind but they should eventually move in sync....it is worth bearing in mind if you have no exposure to crypto right now.
I have bought $ADA and have added in its wedge, which just broke out this evening....I am now up 24% in 5 weeks.
Tomer Altman
2023-12-03 05:57:08 +0000 UTCSdevo
2023-12-03 01:17:11 +0000 UTCAdam L
2023-12-02 23:54:57 +0000 UTC