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DOGEUSDT.1DHere’s my detailed technical analysis of the DOGE/USDT daily chart: Price Action and Structure: The DOGE/USDT chart is demonstrating a pattern of ascending lows, indicative of a bullish sentiment in the formation of an ascending trendline. The chart’s structure with ascending trendline support suggests that buyers are incrementally willing to buy at higher prices, a positive signal in market sentiment. Technical Indicators: 1. RSI (Relative Strength Index): The RSI stands at 54.37, which suggests moderate bullish momentum as it is above the neutral 50 mark but not yet into overbought territory. This positioning allows for potential upward movement without immediate pressure from an overbought correction. 2. MACD (Moving Average Convergence Divergence): The MACD is slightly above the signal line but very close to the zero line, indicating a lack of strong momentum. This scenario typically calls for cautious observation as it could imply potential for either direction, but the current slight bullish crossover can be seen as a tentative bullish signal. Support and Resistance: • Support (S1 and S2): Support at $0.12157 (S2) is critical. If the price maintains above this level, it may consolidate and attempt an upward movement. However, breaking below could lead to a test of lower support levels. • Resistance (R1 and R2): The immediate resistance at $0.17569 (R1) needs to be watched. If the price can break and hold above, it would target the next resistance at $0.21158 (R2), indicating a significant bullish trend strength. Projection and Strategy: The projection on the chart anticipates a bullish move towards R1. If DOGE/USDT can maintain the ascending trendline, it could potentially approach and surpass R1, aiming for R2. A strategic approach would involve buying near support levels with a tight stop loss below the trendline to manage risk, while selling near resistance levels or holding if a breakout above R1 is observed with significant volume and momentum. Conclusion: DOGE/USDT is showing promising signs of a bullish continuation if it can uphold the ascending trendline support. Monitoring the price action near the support and resistance levels, along with the accompanying volume and indicator signals, will be crucial in confirming the trend’s strength and sustainability. As always, keeping an eye on overall market sentiment and news specific to Dogecoin will also be important in shaping the trade approach.
by MarsSignals
BTCUSDT.1DHere’s a detailed technical analysis of the BTC/USDT daily chart: Price Action and Structure: BTC/USDT has been exhibiting a sideways trading pattern, bounded by well-defined support and resistance levels. This horizontal channel highlights the consolidation phase that Bitcoin is currently experiencing. The chart shows repeated tests of these boundaries, indicating a struggle between buyers and sellers to gain control. Technical Indicators: 1. RSI (Relative Strength Index): The RSI is at 57.34, which is in the upper half of the neutral zone. This indicates a slight bullish momentum but is still far from the overbought territory (70 level), suggesting there might be room for upward movement without immediate pressure of being overextended. 2. MACD (Moving Average Convergence Divergence): The MACD histogram shows a positive value, and the MACD line is above the signal line. This setup typically signals bullish momentum. However, the proximity of the lines suggests that the bullish strength is not very strong, and caution is warranted. Support and Resistance: • Support (S1 and S2): The key support levels are identified at $65,799.19 (S1) and $59,244.67 (S3). Maintaining above S1 is crucial for the bulls to prevent a drop towards S3, which would likely indicate a more significant bearish sentiment. • Resistance (R1 and R2): Resistance levels are set at $71,501.85 (R1) and $74,132.21 (R2). A break above R1 could pave the way for testing R2, indicating a strong bullish trend. Projection and Strategy: Given the current consolidation, a breakout above R1 could signal the start of a bullish phase, potentially targeting R2 as the next significant resistance level. Conversely, a breakdown below S1 could shift the market sentiment to bearish, aiming for S3. Traders should look for volume-supported breakouts or breakdowns from these levels to confirm a stronger trend direction. Conclusion: BTC/USDT is at a critical juncture within its trading range. A breakout or breakdown from this range could dictate the trend for the upcoming weeks. Traders should closely monitor key levels and accompanying trade volumes for signs of direction. As always, external factors such as regulatory news or macroeconomic changes should also be considered, as they can have substantial impacts on Bitcoin’s price action.
Long
by MarsSignals
FRONTUSDT.1DHere’s a thorough technical analysis of the FRONT/USDT daily chart: Price Action and Structure: The FRONT/USDT chart displays a sequence of higher lows, indicating an ascending trendline that suggests bullish sentiment among traders. However, a descending trendline also exists, forming a symmetrical triangle pattern, which often signals a consolidation phase before a potential breakout or breakdown. Notably, the price recently touched the ascending support trendline (‘S2’), highlighting its significance as a support zone. Technical Indicators: 1. RSI (Relative Strength Index): The RSI is currently at 54.50, slightly above the neutral 50 mark. This position indicates slight bullish momentum but still suggests caution as it’s not particularly high into bullish territory. 2. MACD (Moving Average Convergence Divergence): The MACD line is above the signal line and positive, which is typically a bullish signal. However, the closeness of the lines indicates that while bullish, the momentum is not overwhelmingly strong. Support and Resistance: • Support (S2): The support marked as ‘S2’ on the trendline is critical. A sustained hold above this line may encourage buyers to push prices higher as it reassures the market of underlying buying strength. • Resistance (R1 and R2): The immediate resistance at $1.5377 (R1) needs to be broken to confirm a bullish breakout from the current pattern. Beyond this, $1.8028 (R2) serves as the next significant challenge, which if surpassed, could signal a strong bullish phase. Projection and Strategy: The chart suggests a potential upward move if the price can maintain its position above the ascending trendline and break through the symmetrical triangle to the upside. An effective strategy might be to watch for a strong daily close above the upper descending trendline for a buy signal, with a stop-loss order placed below the ascending trendline to manage risk. Conclusion: In summary, FRONT/USDT presents a cautiously optimistic scenario for bulls, provided it can sustain the support and break above the immediate resistance levels. Given the current indicators and price structure, monitoring for a breakout with accompanying volume would be prudent before initiating any trades. As always, it’s vital to consider the wider market context and any relevant news that could impact price movements.
FLong
by MarsSignals
FLMUSDT.1DHere's a detailed technical analysis of the FLM/USDT daily chart: Price Action and Structure: The chart for FLM/USDT depicts a bearish trend since the high point around mid-March, with the price establishing a descending trendline. However, recent actions show a consolidation pattern forming, indicating a possible accumulation phase. This is a key juncture, as the direction of the breakout could dictate the short-to-medium term trend. Technical Indicators: RSI (Relative Strength Index): The RSI currently reads at 52.08, hovering around the neutral 50 mark, which indicates a balance between buying and selling pressures. This neutrality often precedes potential moves as the market decides on a direction. MACD (Moving Average Convergence Divergence): The MACD is showing a slight bullish crossover, with the MACD line just above the signal line. This could indicate an early sign of growing bullish momentum, although it’s still quite early to confirm a strong uptrend. Support and Resistance: Support (S1 and S2): The chart identifies a crucial support level (S1) at $0.0812. If the price holds above this level, it could stabilize and potentially begin an upward trajectory. A drop below this support could lead to further declines towards the next significant support (S2). Resistance (R1 and R2): Resistance at $0.1133 (R1) is the first barrier the price needs to break through to confirm any bullish bias. The next major resistance at $0.1439 (R2) represents a longer-term target for a bullish scenario. Projection and Strategy: The chart projects a possible bullish move, aiming first for R1, followed by a more ambitious target at R2 if the momentum continues. The strategy should focus on confirming the bullish potential by monitoring the price reaction around the current consolidation and especially at the S1 support level. Entry points could be considered around or slightly above S1, with stop losses just below this level to manage risk. Conclusion: The FLM/USDT pair shows signs of potential bullish activity but requires further confirmation. A sustained move above S1 with supportive volume and additional bullish signals from the RSI and MACD would increase confidence in a possible uptrend. Traders should remain cautious and wait for clear signals before committing to positions, given the recent price volatility and the proximity to significant support and resistance levels.
Long
by MarsSignals
DYDXUSDT.1DLet's delve into the technical analysis of the DYDX/USDT daily chart: Price Action and Structure: The DYDX/USDT pair is currently exhibiting a bullish consolidation pattern, which is evident from the series of higher lows formed since the price marked a strong support level ('T'). This type of pattern usually suggests accumulation by traders, implying potential upward momentum. The green arrow projecting an upward trajectory indicates an expected bullish breakout. Technical Indicators: RSI (Relative Strength Index): The RSI is positioned at 45.77, leaning towards the lower half of the neutral zone. This suggests that there might be more room for upward movement before the asset becomes overbought. The slightly upward tilt in the RSI is promising for potential price increases. MACD (Moving Average Convergence Divergence): The MACD histogram shows minimal activity around the zero line, with the MACD line slightly below the signal line. This positioning suggests that bullish momentum is not strong yet, but it is not bearish enough to deter potential bullish setups. Support and Resistance: Support (S1): The critical support level at 1.592 must hold to maintain the bullish bias. This level appears to be a crucial pivot point for the price, and a breakdown below this could shift the bias to bearish. Resistance (R2): The next major resistance is marked at 3.246. Overcoming this level could confirm a new bullish phase for DYDX, targeting higher price levels. Projection and Strategy: Based on the chart's projection arrow and current patterns, it is anticipated that DYDX might rally towards the first resistance marked by the previous high, followed by a consolidation or slight pullback, before attempting to reach the second resistance at R2. For trading, watching for a confirmed breakout above the consolidation pattern would be key. Setting stop losses slightly below S1 could provide a good risk-reward ratio considering the distance to R2. Conclusion: The DYDX/USDT pair shows potential for a bullish continuation, especially if it breaks and holds above the consolidation zone. Traders should monitor for an increase in volume and bullish signals from the RSI and MACD to confirm the expected move. As with all trades, it's essential to consider the broader market conditions and updates specific to DYDX that could affect market sentiment.
Long
by MarsSignals
ZRXUSDT.1DExamining the chart of ZRX/USDT from the daily timeframe, here is my technical analysis: Price Action and Structure: The price of ZRX/USDT appears to have established a consolidation phase within a specific price range. Notably, there are recurring lows around the same level, marked as 'T' on the chart, suggesting strong support around these areas. The price has made several attempts to rally but faced resistance, depicted as 'R1' and projected future resistance 'R2'. Technical Indicators: RSI (Relative Strength Index): The RSI is currently at 53.60, which is neutral, suggesting that there is neither excessive bullish nor bearish momentum. However, it's approaching the mid-line from above which might suggest a potential strengthening in momentum if it maintains above this mid-line. MACD (Moving Average Convergence Divergence): The MACD line is slightly above the signal line but both are near zero. This indicates a minimal bullish momentum as of now. The convergence between these lines is something to watch, as further divergence or a crossover can suggest an increase in momentum in either direction. Support and Resistance: The key support level, denoted as 'S1', needs to hold to prevent any bearish reversal. It's crucial as a fall below this level could accelerate selling pressure. Resistance levels 'R1' and the anticipated 'R2' are critical for the price to overcome to confirm a bullish trend. The level marked 'R2' at 0.7702 is quite ambitious and suggests a strong bullish scenario if 'R1' is decisively broken. Projection and Strategy: The projected path drawn on the chart indicates an expectation of a rise towards 'R1', retracement, and then a potential test of 'R2'. This bullish outlook would be contingent upon the price maintaining above 'S1' and the RSI staying above the mid-line, suggesting sustained buying pressure. Conclusion: As a trader, I would look for confirmation of support holding at 'S1' along with bullish signals from both RSI and MACD before considering a long position. It would be prudent to set a stop loss just below 'S1' to mitigate risk. On the upside, breaking above 'R1' could open the way towards 'R2', presenting a significant trading opportunity. However, any trading should be approached with caution and aligned with broader market conditions and news affecting the cryptocurrency market.
Long
by MarsSignals
XAIUSDT.4HBased on the technical analysis of the XAI/USDT 4-hour chart provided, here’s a detailed and professional first-person analysis in English: Upon examining the XAI/USDT 4-hour chart, several key technical indicators and levels emerge, providing insights into potential price movements. Trend and Resistance Analysis: The chart shows that XAI has experienced a significant decline from its high of 1.6370 USD but is currently in a consolidation phase with a slight upward movement. The current price is approximately 0.7934 USD. The price is attempting to break above the immediate resistance level marked as R1, around 0.8658 USD. A successful breakout above this level could lead the price to test the next significant resistance at R2, which is around 1.0747 USD. Support Levels: On the downside, the primary support level is identified as S1 at 0.5814 USD. This level has shown strong buying interest previously and could act as a floor if the price starts to decline. Below S1, the next significant support level is at 0.5814 USD, which has been a critical support zone in the past. RSI and MACD Indicators: The Relative Strength Index (RSI) is currently at 54.82, indicating a neutral position. The RSI is neither in the overbought nor oversold territory, suggesting that the market is currently undecided and waiting for a clear direction. The Moving Average Convergence Divergence (MACD) indicator shows a slight bullish trend, with the MACD line (blue) above the signal line (orange) and the histogram indicating positive momentum. This suggests that bullish momentum is currently building. Volume Analysis: The volume pattern indicates moderate trading activity, with no significant spikes during recent price movements. This suggests balanced participation from both buyers and sellers, contributing to the current consolidation phase. Conclusion: In conclusion, the XAI/USDT pair is currently in a consolidative phase with a slight bullish bias. The RSI indicates a neutral position, while the MACD suggests building bullish momentum. Traders should closely monitor the support levels at 0.5814 USD and the resistance levels at 0.8658 USD and 1.0747 USD. A break above the resistance levels would confirm a bullish trend continuation, while a failure to hold the support levels could lead to further declines. Overall, the market sentiment for XAI remains cautiously optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
by MarsSignals
BNB Massively Undervalued? $10,000 Potential!BNB has been making some extraordinary moves last cycle, where it bottomed around $4.5 and made it to $700 during the next top. Looking at the chart, we can clearly see that BNB follows a bullish channel pattern. My assumption is that this channel will hold and that BNB will make a move towards the top of the channel. $10,000 is possible, it's a "mere" +5,000% move from bottom to top, as opposed to last cycle's +16,000%. Are you bullish on BNB? Share your thoughts.
Long
by FieryTrading
14
BITCOIN - Price can start to decline and exit from wedgeHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it reached resistance line and then bounced down to support line. Price broke $63000 support level, which coincided with support area, but soon BTC made upward impulse. Thereby price broke support level again and later exited from falling channel too, after which started to trades in wedge. In wedge, price broke resistance level two times, which coincided with resistance area, and fell to support line. Then price rose to resistance area, and at once turned around and started to decline to support line of wedge. Possibly, BTC can reach $69000 level and then bounce down to $64750, exiting from wedge pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
8
Bitcoin can rebound up from support line to 71000 level Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price traded near the resistance level, which coincided with the seller zone and resistance line, after which rebounded down to the support level. When BTC fell to the 60200 level, it turned around and rose to the resistance line, but after the price reached this line, it rebounded and declined lower than the support level, which coincided with the buyer zone. But then the price entered an upward pennant and made an impulse from the support line, breaking the support level again and the resistance line. After this movement, BTC corrected move to support line of pennant, after which continued to grow. In a short time, Bitcoin reached a resistance level and even entered the seller zone, where it reached the resistance line of a pennant. But a not long time ago BTC turned around and declined lower than the 71000 level, breaking it again, after which in a short time rose to the resistance line of the pennant. Also, the price rebounded and started to decline, so, in my opinion, Bitcoin can decline to the support line and then rebound up to the resistance level, thereby exiting from the pennant pattern. Therefore I set my target at the 71000 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
🔥 Bitcoin In A Bull-Flag: Wait For Break Out!After successfully completing an inverse head & shoulders pattern, Bitcoin has seemingly found its way up again. Over the last week, trading has been characterized by many ups and downs, but the trend is still bullish. Bull-flags are classically bullish continuation patterns, so a bullish break out through the top resistance is to be expected at some point. Wait for the market to show clarity. Wait for a break of either resistance of support. A new all-time high is around the corner.
COINBASE:BTCUSDLong
by FieryTrading
2
MATICUSDT.4HBased on the technical analysis of the MATIC/USDT 4-hour chart provided, here’s a detailed and professional first-person analysis in English: Upon examining the MATIC/USDT 4-hour chart, several key technical indicators and levels emerge, providing insights into potential price movements. Trend and Resistance Analysis: The chart shows that Matic (MATIC) has been in a consolidative phase with the current price around 0.7497 USD. The price is currently trading between the support and resistance levels, attempting to break above the immediate resistance level marked as R1, around 0.9511 USD. A successful breakout above this level could lead the price to test the next significant resistance at R2, which is around 1.2900 USD. The overall trend shows a gradual upward slope supported by a rising trend line (S1), indicating increasing buying pressure. Support Levels: On the downside, the primary support level is identified as S1 at 0.5885 USD. This level has shown strong buying interest previously and could act as a floor if the price starts to decline. The rising trend line further reinforces this support level, suggesting strong demand around this price zone. RSI and MACD Indicators: The Relative Strength Index (RSI) is currently at 50.72, indicating a neutral position. The RSI is in the middle range, suggesting that the market is not overbought or oversold, allowing for potential upward movement. The Moving Average Convergence Divergence (MACD) indicator shows a neutral to slightly bullish trend, with the MACD line (blue) close to the signal line (orange) and the histogram indicating minimal momentum. This suggests that while there is no strong momentum currently, the potential for bullish movement exists. Volume Analysis: The volume pattern indicates moderate trading activity, with no significant spikes during recent price movements. This balanced participation from both buyers and sellers contributes to the current consolidation phase. Conclusion: In conclusion, the MATIC/USDT pair is currently in a consolidative phase with a neutral to slightly bullish bias. The RSI indicates a neutral position, while the MACD suggests a potential for building bullish momentum. Traders should closely monitor the support levels at 0.5885 USD and the resistance levels at 0.9511 USD and 1.2900 USD. A break above the resistance levels would confirm a bullish trend continuation, while a failure to hold the support levels could lead to further declines. Overall, the market sentiment for MATIC remains cautiously optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
MLong
by MarsSignals
ATOMUSDT.1DBased on the technical analysis of the ATOM/USDT daily chart provided, here’s a detailed and professional first-person analysis in English: Upon examining the ATOM/USDT daily chart, several key technical indicators and levels emerge, providing insights into potential price movements. Trend and Resistance Analysis: The chart shows that Cosmos (ATOM) has experienced significant volatility, with the current price around 8.692 USD. The price is currently in a consolidative phase, attempting to break above the immediate resistance level marked as R1, around 10.924 USD. A successful breakout above this level could lead the price to test the next significant resistance at R2, which is around 13.110 USD. The overall trend appears to have an upward bias supported by a rising trend line (S1), indicating increasing buying pressure. Support Levels: On the downside, the primary support level is identified as S1 at 6.029 USD. This level has shown strong buying interest previously and could act as a floor if the price starts to decline. Below S1, the next significant support level is at 6.158 USD, which has also been a critical support zone in the past. RSI and MACD Indicators: The Relative Strength Index (RSI) is currently at 45.68, indicating a neutral position. The RSI is neither in the overbought nor oversold territory, suggesting that the market is currently undecided and waiting for a clear direction. The Moving Average Convergence Divergence (MACD) indicator shows a slight bullish trend, with the MACD line (blue) slightly above the signal line (orange) and the histogram indicating positive momentum. This suggests that bullish momentum is currently building. Volume Analysis: The volume pattern indicates moderate trading activity, with no significant spikes during recent price movements. This suggests balanced participation from both buyers and sellers, contributing to the current consolidation phase. Conclusion: In conclusion, the ATOM/USDT pair is currently in a consolidative phase with a slight bullish bias. The RSI indicates a neutral position, while the MACD suggests building bullish momentum. Traders should closely monitor the support levels at 6.029 USD and the resistance levels at 10.924 USD and 13.110 USD. A break above the resistance levels would confirm a bullish trend continuation, while a failure to hold the support levels could lead to further declines. Overall, the market sentiment for ATOM remains cautiously optimistic, with critical attention needed at the aforementioned levels and indicators to make informed trading decisions.
by MarsSignals
BITCOIN - Price can continue to grow inside rising channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago price entered to rising channel, where it at once bounced down from resistance to support line. But soon, BTC backed up to resistance line of channel, breaking $61100 level, which coincided with support area. Next, price made correction, after which bounced up from support level and continued to move up. In a short time price reached $70000 resistance level, which coincided with resistance area and even broke this level. But a not long time ago Bitcoin turned around and fell lower than $70000 level, making fake breakout. Now, I think price can decline a little more and then bounce up to $72500, breaking resistance level again. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Bitcoin can correct to support area and then rebound upHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price declined inside the downward channel, where it bounced from the resistance line and fell to the 61000 support level, which coincided with the support line of this channel. Then BTC broke this level, exiting from the downward channel also and declining a little lower, but soon turned around and started to grow inside the upward channel. In this channel, Bitcoin quickly rose to the resistance line, breaking the 61000 level again, and then corrected the 61000 support level, which coincided with the buyer zone. After this, the price continued to grow and later reached the current support level, which coincided with the support area. Soon, BTC broke it and even exited from the upward channel, but a not long time ago Bitcoin turned around and declined to support area. As well recently prices rebounded from this area and started to grow. So, in my opinion, Bitcoin can correct to support area and then rebound up, therefore I set my target at the 72500 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
Whether a full-fledged upward trend has begun: 69K-70231.38Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (USDT 1D chart) (USDC 1D chart) If USDT and USDC show a rising gap, I think it is evidence that funds are flowing into the coin market. (BTC.D 1M chart) In order for the coin market to continue its upward trend, it must meet resistance and fall in the 55.01-62.47 range. If this is not the case and BTC dominance continues to rise, it is highly likely that funds in the coin market will be concentrated towards BTC, making it quite difficult to trade altcoins. (USDT.D 1M chart) In order for the coin market to continue its upward trend, it must remain below 4.97 or show a downward trend. Summarizing the explanations of BTC dominance and USDT dominance, in order for a bull market in the coin market, that is, a bull market in which most coins (tokens) rise, to begin, BTC dominance and USDT dominance must show a downward trend. -------------------------------------------------- (BTCUSDT 1D chart) This volatility period lasts until May 20th. If the price rises above 69K-70231.38 and maintains the price, a full-fledged upward trend is expected to begin. The key to this full-fledged uptrend is whether it can break above the upper point of the HA-High indicator box on the 1D chart. If not, and it goes down, Support should be checked around 65233.64 (64K-66401.82). Currently, the MS-Signal indicator (M-Signal on 1D chart) is passing around 65233.64, so it is important to see whether the price can be maintained above this point. (1M charts) If the price holds above the Fibonacci ratio point of 1.27 (73308.95), the next target would be around 1.618 (88913.24). If it declines in the first section, you need to check for support in the second section. The HA 5EMA line is rising near 0.886 (56090.42), so if it falls below 0.886, there is a possibility that a downtrend will begin. Therefore, caution is required as sharp drops may occur. The next period of volatility is around June 4th. ------------------------------------------------- (BTCUSDT 1D chart) The indicators used to find a position to start a trade are the HA-Low and HA-High indicators. And, the indicator used to verify this is the BW indicator. Have a good time. thank you -------------------------------------------------- - The big picture A full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
🔥 Bitcoin's HUGE Cup & Handle Pattern Breaking Out!In this analysis I want to take a look at a long-term pattern that BTC has been following over the last few years. In my eyes, BTC's price action closely resembles a cup&handle pattern, which is a bullish break out pattern. Assuming that the handle's low is in, we can place our stop right below it. Target at 150k. Be aware that the pattern has not yet been completed; wait for a new all-time high before entering a position. Share your thoughts!
Long
by FieryTrading
12