


Cryp_Trades
This pattern is one of the many reasons why I’m so bullish on this token. THETA has formend a massive bull flag over the past months and I believe that once it breaks out, we could see some major upside once again. The target of the flag would place THETA at a market cap similar to Ethereum. Do I think it will go that high this cycle? No, but based on the bright...
This is one of the many reasons why I’m so bullish on this token. Theta has formend a massive bull flag over the past months and I believe that once it breaks out, we could see some major upside for the token once again.
20k for Bitcoin is still a viable option, as we a currently forming a text-book Bear flag after the multi week/month downtrend. The target of the flag would put btc just under 20k. I think it’s important for us to recognize the potential downside.
Bitcoin has formed a reverse head and shoulders (bullish pattern) on the 4H & D timeframes. I expect a target of around 55k if it breaks to the upside.
After the small relief rally BTC saw yesterday, the momentum has slowed down, forming that ascending channel which has a higher probability of breaking to the downside instead of up. I therefore remain short-term bearish on Bitcoin, but do believe that we are close to seeing a bottom.
Theta has formed a falling wedge on the one hour and four hour time frames. I believe once we have come down to the bottom of the wedge, we will see a move back up, and then break through the resistance!
After a retracement to the pennant bottom support, I’m expecting a breakout above the resistance at 7.28.