I’m expecting the price to go up upon breaking this triangle. If we want up then we shouldn’t go below $24.8 But if we do go below this price there will be more opportunities to buy. Personally, I’m leaning a lot towards buying more around $25-$25.2, but honestly my ego wants the price to go lower so I can buy dirt cheap before $600/Oz
There’s not much analysis here. I just saw this pattern and wanted to share. If you think this pattern is of significance then comment below and educate me.
Simple self-explanatory chart. Like + comment = dopamine rush.
If we want to break ATH we need a big bullish pattern on the weekly or monthly. An inverse H&S is likely due to the resistance around $1,900.
Take a look at the line on the RSI chart. We need to break above the line to have hope of continuation of this bullish move. If we fail to break that line we may be in for a lower low. There’s strong resistance at $30k, some resistance at $23k-$25k, and more resistance at around $18k-$20k
I’ve written everything on the chart.
Well I mean if this pattern is right then we may find ourselves seeing new ATH. I have dopamine deficiency. Like my posts to give some dopamine rush.
Is this really a hidden bearish divergence or am I hallucinating?
If ascending triangle is a continuation signal then I expect some downward movements. Tell me what you think about this and also tell me what I’m doing wrong so I can correct meself. Cheers to the freakin weekend mother fuckers.
This chart gives the possibility of $11,000-$14,000 BTC if not lower than that. Even if we go lower than this level, the bounce will be very quick probably. Anyway, I would be very shocked and surprised if the bull market continues from here. If the bull market hasn’t ended, then congrats to the Hodlers, but if this triangle translates to the beginning of the bear...
I need to see btc above $39k to become a little bullish. And below $30k to smell a bear market.
Nothing to worry about, but we need a correction to form a giant inverse H&S to give us hope of above ATH. I would gladly buy some if we touch $1,750-$1,800.
Watch out for the descending triangle. It will either lead to the completion of the H&S or if it breaks from the upper line we will see some upside until further notice. Just be careful what you do to your hard earned money.
What is the outcome of this triangle? If we break the triangle from the upper line then bullish, but if we break the triangle from the lower line then that means the completion of the massive head and shoulder pattern.
A beautiful bottom formed on the DOGE 1H chart, but this appears to be a descending triangle. I have no idea if we’re bullish or bearish. If we break above $0.39 there is more hope to see some upside movements, but if the price breaks below the triangle then the formation of H&S on the daily chart will be confirmed. Go make yourself a triangle like this and keep...