This chart highlights a well-defined triangle pattern, with the first resistance level established at the yearly high of $2.90. Following this peak, the price entered a consolidation phase within the triangle, marked by repeated tests of the descending resistance and key support levels. This setup often signals a buildup of momentum before a major move. With the...
Bitcoin is showing a clear pattern of long-term resistance at the ascending trendline, as depicted in the chart. Each time the price has approached this trendline—marked by significant peaks—it has faced strong rejection, leading to sharp and prolonged downturns. This consistent inability to break above the trendline signals that Bitcoin's price is heavily...
In trading terms, a historical pattern emerges when the Federal Reserve initiates a rate cut, often resembling a "correction" in response to previous actions. This correction tends to usher in a phase of further market decline, as the downward momentum of the train must come to a halt. Simultaneously, the government's implementation of quantitative easing (QE) or...
Bull Market Ending. Short Everything.
NEO RSI Overbought - Correction Incoming
There are several CME gaps formed in lower ranges on the 4H charts.
BTC has a strong correlation with the global stock market. If we are in for another wave, which I believe is the case, we should see a huge sell off in Bitcoin as well.