Bitcoin - All time high this week! (wedge is breaking out)
Comment your altcoin, and I will make a technical analysis for you in response to your comment!
Bitcoin is breaking out of the rising wedge pattern and will most likely hit a new all-time high until the end of this week or October! We can also see that a major bullish flag on the weekly chart is breaking out as well, so this is considered a double breakout.
I have 3 short-term profit targets: 70,079 is the first major swing high of the major bullish flag. 73,777 is the previous all-time high level, and 78,438 is a very significant resistance because it's the 1.618 FIB extension.
From the Elliott Wave perspective, this is extremely bullish as well. The combination of waves 1-2-1-2 creates an Elliott Wave bullish nest. That means we are currently in wave 3 of wave 3, and you probably know that wave 3 is usually the strongest of all of them. We can finally expect increased volatility!
Write a comment, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss. I share my trades privately. Thank you, and I wish you successful trades!
Bitcoin is breaking out of the rising wedge pattern and will most likely hit a new all-time high until the end of this week or October! We can also see that a major bullish flag on the weekly chart is breaking out as well, so this is considered a double breakout.
I have 3 short-term profit targets: 70,079 is the first major swing high of the major bullish flag. 73,777 is the previous all-time high level, and 78,438 is a very significant resistance because it's the 1.618 FIB extension.
From the Elliott Wave perspective, this is extremely bullish as well. The combination of waves 1-2-1-2 creates an Elliott Wave bullish nest. That means we are currently in wave 3 of wave 3, and you probably know that wave 3 is usually the strongest of all of them. We can finally expect increased volatility!
Write a comment, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss. I share my trades privately. Thank you, and I wish you successful trades!
Trade active
Enter now, first target 70,079. The price is consolidating around the trendline of the wedge, waiting for a bullish breakout.Trade closed manually
The market is very uncertain; it looks like Bitcoin will go sideways for another few weeks. But Solana is bullish, rather long this altcoin.Note
New analysis:
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💡Join my premium group (signals, my trades):
xanrox.org/premium
✅Trade crypto here (allowed USA, Canada, UK, Iran, and more...)
t.ly/Wb0_U
🟢Or trade here - up to 6,000 USDT gift + bonus:
t.ly/C_9NQ
xanrox.org/premium
✅Trade crypto here (allowed USA, Canada, UK, Iran, and more...)
t.ly/Wb0_U
🟢Or trade here - up to 6,000 USDT gift + bonus:
t.ly/C_9NQ
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.