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Bitcoin / TetherUS
Long

Bitcoin PATTERN - BTC Roadmap to NEW ATH

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BTCUSDT

👉 Trendline Analysis: BTC has been consolidating directly underneath the resistance zone - BULLISH
👉 Candlestick Analysis: Three white soldiers in the 2W timeframe - BULLISH
👉 Technical Indicator Analysis: Price has cooled down after being "Extremely Overbought", moving averages holds - BULLISH

Technical Indicator Monthly Timeframe:
snapshot

Technical Indicator Weekly Timeframe:
snapshot

There is really only one concerning matter, and that is from a potential near term scenario:
❗ Pattern Analysis: Potential for M-Pattern to form, medium risk: BEARISH

The candle closes of the next two weeks are crucial in determining how this pattern will play out.

For further reading, here's the initial Elliot Wave analysis on BTC:
Bitcoin - The ATH is STILL COMING ! Here's Why👉


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Bitcoin (Cryptocurrency)bitcoinscenariosBTCBTCEURBTCUSDBTCUSDTcandlestickpatternelliotwaveanalysisTechnical IndicatorsThree White SoldiersTrend AnalysisTrend Lines

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Bitcoin (Cryptocurrency)bitcoinscenariosBTCBTCEURBTCUSDBTCUSDTcandlestickpatternelliotwaveanalysisTechnical IndicatorsThree White SoldiersTrend AnalysisTrend Lines
Crypto-Check-
Discord Server
discord.gg/xHJRka3

Cryptocheck Website
thecryptocheck.com

SoftQuant Website
softquant.io
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.