111 Daily MA crosses below the 349 Daily SSMA (349/111 = 3.14)
Bull flag on Hourly BTCUSD. Wait for breakout and re-test.
Weekly primed for lift off. We can see clear parallels with the previous run up to all time highs. Both the RSI and Moving average convergence divergence (MACD) are in similar places too.
Fractal showing 9k capitulation. What goes up must come down.
111 Day MA crosses below the 349 SSMA (349/111 = 3.14)
Last time it hit the edge of the pitchfork it rallied to ATH from 40k, will it do the same this time?
The height of all 4 zones (or boxes) are identical. The width of the 2 thinner boxes are identical. The width of the 2 wider boxes are also identical. Projected exiting of this current zone is 14 Feb.
Structure is very similar with similar peaks. Looks like it will go down to 53k, sideways and then up.
There is a monster cup and handle forming on the hourly bitcoin chart. It does not have a rounded bottom, however the sides are of equal height.
There is a bull flag forming on the hourly. If it breaks up it could go well past 60k, if it breaks down it could retest the long term trend line.
We are still in a rising wedge, it could break up or down.
Bitcoin is still inside the wedge, it could go either way.
Huge Bull Flag pattern, wait for a breakout and re-test.