BTC has been on a crazy upside rally without a cool-off period! The momentum had gotten weak, and bearish divergences were visible on many timeframes, but despite that, BTC was putting in new ATHs! Now, it seems like the bearish divergences are playing out, and the price is cooling off! This is much needed in order to maintain a healthy uptrend!
Currently, the price is shaping into a bullish inverse head-and-shoulders pattern. If it manages to break above the neckline, the target we are looking at is $76.250!
Multiple indicators are signaling that we're poised for a significant rise above the current price levels. Furthermore, some indicators hint that we're still in the early phases of the altcoin market's development!
Where we are now:
Currently, the price is shaping into a bullish inverse head-and-shoulders pattern. If it manages to break above the neckline, the target we are looking at is $76.250!
Multiple indicators are signaling that we're poised for a significant rise above the current price levels. Furthermore, some indicators hint that we're still in the early phases of the altcoin market's development!
Where we are now:
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68k is the level to break!Note
The price will likely go back down to 63.6k before Monday Note
The H&S pattern i still very valid!Note
The H&S pattern i still very valid!Note
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Watch This! 
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There is currently a CME gap at 64k!Note
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Very strong weekly close from the bulls!We could go down to fill the CME gap at $63.6k and then go back up. CME gaps tend to get filled most of the time, so $63.6k is a level to watch!
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It seems like it has broken the Neckline! Let's if bulls can push the price higher!Note
On our way to $76k !!! Note
Bearish divergence on lower timeframes playing out atmNote
What's happening now happened during the last bull run, when BTC was about to break a new ATH! A new post will be up soon!Note
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Textbook Bull flag formation! If it breaks to the upside, we are eying 74k!Note
Broke the bull flag to the upside! Let's see if it got the momentum to continue higher!Note
72k is the level to break now!Note
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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.