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Whaleofallstreets

Bullish Breakout: Bitcoin Poised for Upside RallyBitcoin has recently experienced a bullish breakout on both the hourly and daily timeframes, successfully surpassing a resistance level and forming a bullish flag pattern. This development indicates that the price of Bitcoin is likely to continue its upward momentum, albeit after a slight pullback to gather more buying interest before resuming the rally. The projected targets for Bitcoin's price are anticipated to exceed $32,500 in the near future.
Long
by TraderChamp-Pro
1
BTC Potential Bearish Breakout Looms as Resistance Holds StrongBitcoin has been in a consolidation phase for over two weeks and has formed a bullish flag pattern just below the daily resistance level. However, the price of BTC is struggling to break above this resistance, as indicated by significant selling pressure and long upper wicks in the highlighted zone. We have a strong belief that if Bitcoin fails to break out above this resistance level, it could lead to a sell-off and a potential retracement towards the bullish trend that was previously established. To confirm this bearish scenario, we need to observe a breakout below the support level formed by the bull flag and the ongoing consolidation.
Short
by TraderChamp-Pro
XAUUSD Formed an inverted head and shoulder patternRecently, XAUUSD experienced a surge in bullish momentum, resulting in the price climbing back above $1930. This upward movement was accompanied by the formation of an inverted head and shoulders pattern, which was further confirmed by a breakout above the neckline on both the 30-minute and hourly timeframes. Based on this pattern, it is anticipated that the price will maintain its bullish trend and surpass the highlighted zone, potentially reaching a target of $1950 or even higher.
OANDA:XAUUSDLong
by TraderChamp-Pro