I expect SHIB will continue the current uptrend, trading within the channel at least until it reaches 0.000..08822
Will BTC follow the most obvious path towards 23k on the next upswing inside this bull pennant?
If BTC follows the predictable path, we should see 24k on the 4h chart in the next 24 hours. Time to go long on BTC? Almost... wait for the upswing then Long.
BTC is trading inside a classic bear-flag pattern and rejected the top resistance of $22.5k. Based on this and the weakness in overall financial markets, technical indicators suggest that BTC would continue falling. However, in recent hours it appears that BTC has bounced off the top of the triangle pattern, which is confirmed by looking at the 1h RSI indicator....
Sometimes the simplest lines draw the easiest conclusions. Technical indicators are magic? Or are they a joke? Or is it just looking for patterns and finding them before they disappear? You tell me...
Eth is trading inside a gigantic triangle. I expect it's next move will be to the top of the triangle around 2912 before bouncing down. Let's see!
Things are looking up at the moment, but a moment of reckoning is fast approaching.