A massive Weekly Bull Flag, characterized by a strong initial rally followed by a consolidation phase within parallel downward-sloping trendlines. Bull Flag Breakdown 1. Flagpole: The sharp rally preceding the consolidation forms the "flagpole." This demonstrates strong bullish momentum. 2. Consolidation (Flag): The price appears to be...
Technical analysis appears to indicate a bearish outlook: Rising Channel Pattern: The dominance is trading within a rising channel indicative of a potential breakdown if the price loses support at the lower trend-line. 200 Moving Average: The dominance has been consistently trading below MA, acting as resistance. The trend remains bearish as long as it stays...
Assuming similar patterns repeat post-2024 halving, #BTC chart extrapolates historical trends to project a potential future top of $213K+- - Bitcoin’s price tends to rise significantly after each halving due to reduced supply. - Each cycle has shown increasing price tops, though the percentage gains decrease over time. 2012 Halving: The first halving we saw...
#BTCUSD Monthly Chart - Testing Long-Term Resistance This monthly #Bitcoin chart shows a clear pattern of significant price tops, marked with yellow circles. These tops align with a long-term trend-line acting as resistance, which the price is now testing. Historically, #BTC has struggled to break this level, leading to substantial corrections. - A potential...
Bitcoin is currently trading at resistance level in weekly chart. I will be waiting patiently on my next move depending on how it plays out. a. a breakout + retest or b. complete and hard rejection Watching this closely.
I think we will be going on range in few more days. This will be good time for alts to make gains until bitcoin give a clear view on where it will be heading.
Bitcoin is in correction giving a short term bearish signal. However, I am still holding on bitcoin going 6 digits.
#AVAX #BTC pair and #USDT pair looking strong. If BTC move sideways and don't mess up then we might see a breakout and upward move from AVAX. Worth watching this.
If we managed to break and hold this resistance then we are in for a breakout.
FLM is still inside uptrend. Adding bag here for good potential return
Opening a short trade on DOGE USDT pairing
The possibility of Bitcoin making a double top pattern can't be ignore. Bulls needs to hold 51K-52K. We need to watch this closely.
Watching with eyes open wide 🤓
How does this pattern normally turns out?
Waiting to build strong support before entry
Looking to come out of top resistance
We might be seeing a flip here going down.
Bitcoin is holding the previous resistance turned to a strong support of 15800-16000 level. Breaking and holding 16200 will give us the opportunity to see 17K.