Hello TradingView Family / Fellow Traders, Based on my recent BTC analysis (attached on the chart), we anticipated the onset of a bearish correction around the upper boundary of the channel, unless there is an upward break of the last high marked in red. 📉 BTC fell short of surpassing the previous minor high and, instead, was rejected at the upper bound of the...
Hello TradingView Family / Fellow Traders, 🏹 After a 50% surge from 25,000 to 38,000 , BTC has entered a consolidation phase within the confines of a symmetrical triangle, as highlighted in orange. This development holds significant importance as it aligns closely with a yearly resistance zone between 38,000 and 40,000. The resolution of this pattern will...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. On the Weekly Chart (Left): The bulls are stronger than ever, as BTC broke above the 32,000 weekly resistance. The 32,000 level is now acting as support since we had a daily candle close above it. The next resistance zone would be around 40,000. On the H1 Chart ...
currently bitcoin is forming bullish flag pattern in 4hr time frame, the technical resistance is coming in 38300, if it breaks the resistance and closed above 38300 at day closing candle, then the technical predicted price is coming in around 40100.
$40,000 seems to be the level to beat for BTC but as we just saw in a matter of minutes accumulation occurred below the $38k mark confirming again the massive bull flag formation. I believe with that flash buy sellers are being worn out by the hour. We can also see BITFINEX:BTCUSDLONGS is picking indicating further buying from traders as well as long term...