2026-01-15 00:29:53

Focus on what the chart actually reveals—the patterns are the truth, everything else is just noise filling in the gaps.

Take the narrowing ascending wedge formation. It's bearish, plain and simple. Here's why: it tells you that this rally has an expiration date. The space between buyers and sellers keeps squeezing tighter. When a move up runs out of room to breathe like that, it typically doesn't end well.

The market is sending a signal through price action. Buyers are still pushing, sure, but look closer at the structure. The room to run is shrinking. The conviction behind each higher high is fading. That's the story the pattern paints. Everything else—the news, the sentiment, the social media noise—that's just the backdrop. The chart knows.

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OnchainHolmes

· 4h ago

The signals are very clear, the space is squeezing, and this kind of wedge pattern usually doesn't end well. --- Wait, someone is saying they know everything about charts... social noise is the real truth, right? --- I've seen wedge narrowing patterns before, and they are indeed prone to reversals, so be careful. --- Treat news sentiment as background noise? Sometimes background noise can also cause serious damage, my friend. --- The higher it goes, the more it becomes low, trading volume is sluggish, this is a sign of recession. --- Relying solely on chart patterns for conclusions, what if on-chain data is overlooked? --- It's indeed dangerous when buyers and sellers are crowded together, the rebound space is getting smaller and smaller, it's time to exit. --- Charts can speak, but sometimes they deceive. I've seen too many fake breakouts. --- The observation of conviction fading is good, but who can be sure what the next step will be? --- Does a wedge necessarily mean a bear market? That logic is too absolute.

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blocksnark

· 01-15 00:57

The wedge shape has been flattened, and this rebound is probably over.

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MEVVictimAlliance

· 01-15 00:54

The narrowing wedge is telling you that the rebound is running out of steam. Do I need to say more about this? The chart is the truth; everything else is garbage information. Yet you are constantly being led by news and emotions. The space is getting smaller, and buying power isn't as fierce anymore. It will explode sooner or later.

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RooftopVIP

· 01-15 00:47

The wedge narrows the space, and this rally will eventually top out.

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GlueGuy

· 01-15 00:44

The wedge narrowing signal I've seen too many times. Every time it's like this, and those who say they can't see the bottom are eventually hammered, haha.

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