:) enjoy this ascending triangle bullish pattern. multiple touches on the resistance horizontal line above, and higher highs, lower lows this is an ascending triangle, and the result is a breakout soon by mid april/ early may.
Seems we have bounced on 29.5k more than once and I suspect it may happen again which follows this descending wedge pattern here.
Haven't done any TA in a while, but since this is a coin I have been more invested into than others thought I would try to cure my sanity a bit by attempting to get back into analysis. Usually descending/ falling wedge results in an upward breakout, but with how the current market sits... could be anybody's best guess.
Ascending triangle formation again, we are getting ready to boost up in 2 to 3 days from now. Textbook pattern don't miss out :)!
Everybody is claiming H&S pattern, but what most people forget to realize is that left shoulder is a fake left shoulder because of the market manipulation that FORMED IT! That is not a left shoulder it was someone who sold off 5000 bitcoin around May 16th to May 17th in an attempt to manipulate the market where shortly afterwards people bought the dip rather...
Bitcoin is in an obvious state. This is a parabolic uptrend, and we will soon be testing those higher resistance levels, but as in my other posts currently we are in a TINY bear down trend because we went up so fast we need to correct. Strongly think we will potentially bounce off of the 7200-7500 zone, but it is definitely possible to fall even below that into...
Rising wedge results in a drop in market. We are almost at the top of that wedge closing in, and soon we will see a drop off in price. I suspect we will drop through the current supports (IN YELLOW), and find stronger support at 6200, and 6000 levels. I don't think we will break below these supports, and it would be a strong accumulation area to buy back in. We...
As you can see bitcoin is moving in an ascending triangle pattern which would indicate if this is true that we will see a few more dips, and potentially a break through up. Of course this pattern could be completely incorrect because of the 5000 bitcoin sell off for incorrect price in an attempt to manipulate the market, but still it is an interesting pattern, and...
Hi i'm new here and I've been following crypto for a long time, overall I'm fairly bullish in the upcoming months, and I think we will see struggles here and there. Fidelity is opening a lot of peoples eyes that this could be a first step into "mass adoption", and I think we all love to see those big hitters taking the risks and putting it on their own shoulder...