Here's a quick look at BTC 4 hr chart. The price action has been forming an Ascending triangle - Watch for a break to the upside. If we break to the upside, the price is very likely to retest the 55k area, and if it breaks 55k we will be heading towards 58k which is a crucial area to break. Note: RSI doesn't have much room to run before its in oversold...
Here's a look at BTC 2 hr chart. We are right now forming a bigger decending wedge. We might get back to 46.8k and hopefully bounce off that level. Remeber that there's a posibility that we get down to 42k here.
Here a look at BTC 30 min chart. More Bearish sentiment growing for BTC, and we should expect 41k at least if 44k can't be held. The S&P 500 and Nasdaq is going down in price at the time of writing, and the crypto market is very correlated to the big stocks. We should expect a further correction from BTC atm.
Btc broke to the downside from the big bear flag and is forming another bear flag - We should expect more bearish sentiment. Alts will suffer if btc can't decide where it wanna go due to the high volatility. Trade safe!
Looks like btc is forming some sort of bearish flag pattern here. We should be cautious about going long atm. Wait for this bear flag to break, before deciding whether to long or short. We might get down to 49k level for a retest. Trade safe!
The whole market is suffering atm due to btc. Ethereum needs to hold this blue uptrend to keep its bullish status otherwise we should expect short-term bearish movement. All depends merely on btc. If btc holds the 52k$ level for now, the market will continue its ride to the upside.
RVN is forming a big bull pennant. We should wait and see where BTC wants to go. otherwise this looks like it could break to the upside if btc doesn't go down.
WOW! This is the price in sats, and this corresponds very well to the usdt chart. both pairs are showing tightening falling wedges. not much time left before we see a possible breakout. chances are high for a break to the upside. This could be the last moments to buy at these cheap levels before a possible 2-3x take off. And massive news will be announced soon...
RVN is forming a big bull pennant, and if the 0.38 fib level can hold, then we could see a massive continuation.
Watch this. if BTC breaks to the downside, we will see the biggest alt season ever! 10x easy profits!
Matic in a big pennant. If it breaks out, it will explode
Can Reef Gain Momentum for another big run? Reef is definitely one to keep an eye on. Reef is being hyped by many crypto communities atm, and one could see big gains in the coming days or weeks.
Matic has been cooling off for the past few days. Matic will explode if it breaks this big bull pennant. Keep an eye on this one
Can reef Get back into the pennant?
Matic been retracing since its ATH. Most of the small alts that has been doing well, are now forming these big pennants. Definitely one to keep an eye.
Reef couldn't break the upper trendline. Now at the bottom of the pennant. Could be a good buy now. BTC just needs to chill.
Here's a look at Reef/Btc. As we can see, Reef has been forming a Cup n Handle formation within a bigger pennant. Reef has been doing great for the past few days - No surprise as the whole market has been doing so. But Reef is looking very bullish atm. Cup n handle may be forming inside the bull pennant , and if it breaks out, we will potentially see some good...