The US Dollar Index has formed a "W" pattern on the macro as well as the micro and is retesting descending resistance converging at the neckline of both "W" patterns. Breaking the neckline and the resistance in the coming days and weeks points to a potentially very bullish rally in the near future
Retesting the breakout from this summer's "bullish falling wedge" pattern before continuing upward will form a "W" pattern and the price target for a breakout of the falling wedge lines up with Ethereum's previous macro high of approximately .124 BTC in 2018 and would also further crystalize the 4-year "cup and handle" pattern that has been forming, with...
Would another big correction into the mid 30's be such a bad thing for Bitcoin? If it were to hold as support we could form a W pattern on the weekly chart pointing to a potentially beautiful 2022 for Bitcoin
Bitcoin looks to be either retesting the break out from yesterday's bear wedge, or potentially forming a bear flag if temporarily holding above support at approximately $44.7k. A break through support presents a price target in the range of $36k - $38.5k
Potential bear-wedge forming. Good short / lower entry opportunity w/ price target at around the $40k range. Looking to break down sometime around 9/12 or 9/13
