After breaking out to the upside from the descending broadening wedge pattern that formed from December 21st, it seems like bitcoin is forming an inverse head & shoulders pattern.
This is pretty bullish, however, the results of the FED's emergency meeting on Monday could cause it to play out differently.
We also have strong support around the 39k - 40k...
After Shiba Inu's massive 60% pump, following in bitcoin's bullish footsteps... We are now forming a bullish pennant on the 4-hour chart.
The chances of another break out to the upside are relatively high.
I'm pretty bullish on this, considering the MACD is showing weak bearish momentum and near convergence.
We are also above all important moving averages. the...
This legacy trend line acted as resistance during the beginning of the 2020 Bullrun as circled in red.
During the May 2021 crash, Bitcoin bounced off of it twice and continued to the upside.
Last week's dump had us break below it. Right now we are forming an ascending wedge that is struggling to break above the trend line.
So the question is, will we break...
Dogecoin is displaying bullish divergence on the MACD as seen back in July 2021. We might rally about 100% if we break to the upside.
BTW, this is my first public idea. Just felt I should share this.
