Long

#BTC breakout this cup & handle patter!

Updated

#BTC UPDATE

BTC breakout this neckline of the cup & handle pattern

The Ichimoku cloudis indicating a bullish trend. MACD crossover is gaining bullish momentum. It breakout MA 200 and a solid breakout of the neckline is the sign of a bull run in the market.

But we still need a conformation candle to confirm this pattern
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Note

#BTC

BTC is trading above the MA 200 and is being rejected from the strong horizontal barrier, which is crucial for bulls to retain for the continuation of the positive momentum.

There is a bullish trend seen in the Ichimoku cloud. To validate a robust bullish rise in the market, bulls must break free of the significant horizontal resistance.

Note

#BTC forming this bullish pennant pattern in 1hour timeframe but we need a breakout of this pattern to conform this pattern!

Note

After extensive consolidation, the #BTC Descending Channel Breakout has been confirmed on the weekly timescale chart. In the upcoming months, we can anticipate a hyperbolic move.

Note

#BTC

No changes; BTC is still moving in the same range. I am waiting for some movement with decent volume in the market.

Stay tuned

Note

#BTC

BTC successfully broke out of the symmetrical triangle. The Ichimoku cloud is providing stability. MACD crossover is moving more bullishly.

From here, it will go up or, in the event of a retracement, it will pump after testing the symmetrical triangle.

Note

#BTC

BTC is forming a symmetrical triangle as it consolidates. It is currently rejecting the resistance of the trendline. MACD crossover is moving more bullishly.

The rising direction would be confirmed if the symmetrical triangle had a strong breakout; otherwise, the triangle would continue to consolidate.

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