Bitcoin/USDT Technical Outlook: A Breakout in Sight? The chart illustrates Bitcoin's price action over the past year, showing clear patterns of consolidation and breakout. Here’s a breakdown of the current setup: 1. Price Channels: - Bitcoin has been trading within well-defined upward and downward channels. These channels represent phases of accumulation and...
Descending triangle typically bearish lets see how this plays out
Pre halving year history shows bulls and bears get equally recked
To begin with, a rising channel is a technical chart pattern that is formed when the price of an asset is moving between two parallel lines, with the lower line acting as support and the upper line acting as resistance. This pattern indicates that the asset is in an uptrend and that buyers are willing to pay higher prices for it. Looking at the BTC/USD chart, we...
BTC with bullish 50MA-100MA cross over. As you can see BTC has been going side ways inside this ascending channel, we really need to break out the top of this channel in my opinion to continue this bull run. Until then its a good accumulation period. This is not financial advice this is just my opinion so take this with a grain of Salt!! Thanks
In my opinion BTC will continue its Macro uptrend if it can hold support above 40K.
$BTC is possibly going to drop to the low 40s and bounce off this support continuing its macro uptrend. This is not financial advise this is just my opinion.
In my opinion $Cake has bottomed out here and if it can break the descending triangle has the potential to pump hard! This is not financial advise.
As you can see CAKE has found strong support on the 4HR Chart. I believe once the dust settles in the market after the Elon stuff CAKE will continue to pump. This is not finance advise, this is just my opinion.
As you can see from this Chart Cake has formed a flag pole and currently in a descending triangle both bullish patterns. If Cake breaks to the upside we could see some explosive gains!!!! I'm not an expert this is just my opinion!!!!Please be Kind :)