The large bull flag was previous resistance, and now is the moment of truth. If we don't close the daily above with some margin, we will go back down.
Right here right now is the time when Bitcoin can change forever. Either break up the resistance, or retrace to 37k then try again. I've linked to a more in-depth explaination.
Bull flag is forming, filler text here filler text here filler text here
These are the sorts of patterns people only see after they happen, but I think I've spotted it now. The validation of the bull flag, the CME weekly GAP will have been fully filled, then a bounce on the area between the triangle formed by the laser lines, the line parallel past touch of the top of the to-be-formed bull flag's path to the middle, and the middle of...
BTC Daily RSI is still high, bearish formation, this signals an incoming dump.
BTC formed a bull flag, BUY BUY BUY!
Only in crypto do you see the price breaking upwards out of a rising wedge! Then literally testing the top and bouncing off of it! ! That aside, I wouls strongly advise you to not trade LUNA until further consolidation or a clear pattern, as when these occurences happen, what follows suit is crazy.
The 161 box and the top channel lines are great candidates for a TP. Considering we're in a bear flag I'd take TP at whichever comes first.
I see a bull flag stemming from a bull flag! Following on from my previous REEFUSDT post and comment, I'll sell at the red line to take my profits, and observe the rest.
If DIAUSDT breaks the upper line, it's a good signal that it will rise. However, DIABTC is currently below a bear flag, so I wouldn't go too large!
We can see a huge bull flag on REEFUSDT, and it seems like it's going to break! Strap in!
I believe that the slightly above the horizontal green line (aka previous ATH) is where the price will rebound, as many trend lines point to it. I'm buying my long term bags there, and then I hope we'll go to the moon (80k+) before another correction! Good luck, and have fun! Bitcoin is a long term rocket, buying now will eventually get back in the green! How...
It is evident that the white and blue channels are valid, as the price has respected their lines. The mid-channel line of the white channle provided support, as the top of the blue channel provided resistance. This has hence formed a descending wedge which I believe will result in a bullish breakout. If the price reaches the local high within the white channel,...
Been rocketing today! Targets should be a little below the fibs, and SLs below the fibs too. Buying on the fibs is a good idea if you want to buy some!
This is a guess. I will not be shorting or longing at all, I will just buy spot at the final point indicated. This merely illustrates one of the paths the price might take on the way down.
TradingView wouldn't let me publish 1m charts... So here you go. I only enter trades when I'm certain, so I'll check how this plays out!
I think it will hit the top green trend line, and if it does, will have a big correction downwards. If it keeps going up RSI is going to scream. I wouldn't short the green line but I'd sell my current position, as after all, BTC is a long term winner!