January 22, 2026

Just closed 2 consecutive candles above the ttline of the wedge!

Just closed 2 consecutive candles above the ttline of the wedge!

Just closed 2 consecutive candles above the ttline of the wedge!

Just closed 2 consecutive candles above the ttline of the wedge!

Bitcoin / U.S. dollar BITSTAMP:BTCUSD
DrDovetail


Just closed 2 consecutive candles above the ttline of the wedge!

2 consecutive daily closes above the wedge’s top trendline. This hasn’t happened before on this wedge and we’ve been in this wedge since October! Of course this doesn’t confirm a breakout or anything just yet but does increase our probabilities of one…still a chance a fakeout could occur here instead so must remain vigilant. I’m thinking to cool off some stochrsi and other indicators it will probably retest the top trendline before the real breakout so I’m prepared to load up on some alts and a meager portion of Bitcoin when it retest the trendline maybe around 37k. Only of course, if the top trendline confirms that it has flipped itself to solidified support upon being retested. There is also a chance that it could breakout without having the mini retest correction, in which case I will add to my bags just slightly higher. Of course, there’s also a good possibility this is a fakeout still. Another 1 to 2 daily candle closes above the trendline should help to confirm it. Although I’m leaning long, until it confirms I can’t slapthe long on this one so it is gonna be listed as neutral. Bes of luck out there. Thanks for reading! *NOT FINANCIAL ADVICE*

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