Bitcoin bulls are under significant pressure today as the price tests the lower boundary of a 50-day range. Since November 21st, Bitcoin has formed a major head-and-shoulders pattern, indicating that a break below 91,281 could result in an 18% decline, bringing the price down to 74.16k. While such a drop would be significant, it seems unlikely given the broader...
We have special charting tools to highlight famous Head & Shoulders reversal pattern (in yellow). I spotted this textbook pattern today and would like to share this educational post with you. It was shaped by three peaks with the highest (Head) in the middle. The Right Shoulder reached its climax right at the top of the Left Shoulder. It makes the pattern more...
On the 4-hour chart, XAUUSD is fluctuating upward, with short-term bulls in the lead. The current upward target can be seen in the previous supply area of 2700-2726. When the market reaches around 2710, pay attention to the potential bearish bat pattern, and the downward target can be seen around 2640.
We are approaching a key turning point on gold which possibly melt down the price after a year of bulls dominance on gold prices. There are two possible entries which can be taken according to your risk management. Good luck.
Tops are never easy to call. The Bitcoin cycle top won't be the same as the previous one. It appears that the cycle tops so far are: The gods are rotating all the classic patterns - 2017 Cycle Top: Classic Blow Off Top. - 2021 Cycle Top: Double Top. We posit that the current Bitcoin macro cycle will end early and December 17th, 2024 at 108K was Bitcoin's Cycle...
The Price Sitting Above The Crucial Support Zone And Also There Is a Head And Shoulder Formed At The Chart Currently The Price Bounced From a 92k Trend Line For The Fourth Time And By Each Hit This Trend Line Became Weaker And Weaker, My Expectation Is a Bitcoin Price Is About To Breakdown The 92k Support Toward a 85k As a Main PRZ For The Wave C
As price hit upside leg of descending channel expect to fall pls like for support Good luck to you
Upside move is looking like more of a corrective structure, if true, after the completion of Z wave, we might see some sort of selling pressure.