The 4h timeframe shows a falling wedge, which could take all the way up to 19th of February to close around $24k. This of course doesn't mean BTC will for sure keep falling until then, but it is quite possible the price will continue to go down and sideways for several weeks.
I've seen some euphoric sentiments around the web with people saying 'Bitcoin bottomed...
BTC 4hr timeframe formed a multiple day ascending wedge, which is breaking bearish, signalling a trend reversal.
if $30k support breaks, we're headed back down to sub-20k levels.
Since the peak in September, 12400 resistance has held, but an ascending wedge is forming. Either 12400 resistance breaks before may 2021, or we are going to have to see some correction, quite possibly a big one, around that time. Up until then, expect a narrowing range on this index, where a significant (and followed through) break of either of these two lines,...
After the gap up opening tonight, S&P500 displays a cautious but noticeable uptrend in a broadening range. Expect slowly increasing volatility, but with proper entry and exit points, this does provide an opportunity to make profits both on the way up and on the way down.
On both the daily and weekly views, a double top is forming. This is a classic pattern which usually indicates the bullish uptrend is coming to an end. When comparing the growth since the March crash to the growth pre-march, I'm expecting this index to want to return to normal, which will include a significant drop, potentially back to the 8-9000s. First though,...
