georgesmacfly

georgesmacfly

This chart displays a potentially bullish setup on the 1-hour timeframe. Here are some key observations that support this: Ascending Triangle Pattern : The price is forming an ascending triangle, a bullish continuation pattern. The support line is sloping upwards, indicating that buyers are gradually pushing the price higher. This pattern typically breaks...

georgesmacfly

XRP is showing a powerful setup on the weekly chart, with price action tightly consolidating within a massive descending triangle pattern. This triangle formation, which has been developing for years, suggests that XRP is gearing up for a significant move, potentially to the upside. Key Points to Watch: 1. Support & Resistance Convergence : XRP is approaching...

georgesmacfly

It looks like we might be seeing the classic "cup and handle" pattern forming on the BTC/USD weekly chart. This pattern typically signals a bullish continuation, suggesting that after a period of consolidation, we could see a significant upward move. Key Points: Cup Formation : The rounded bottom (cup) indicates a period of accumulation where buyers are...

georgesmacfly

We're seeing Bitcoin's price squeeze into a tighter space on the 4-hour chart, which usually means a big move is coming soon. Keep an eye out for a break above or below this tight area to catch the next price wave, but remember to set a stop loss to protect your money just in case things don't go as planned!

georgesmacfly

1. The Bitcoin chart shows a rising channel pattern, indicative of a bullish trend. 2. Recently, it has tested the upper boundary of this channel, suggesting potential resistance. 3. The price has experienced a slight pullback but remains within the channel’s confines. 4. The dotted line within the channel could act as a short-term support level. 5. If it breaks...

georgesmacfly

We can clearly see that the RSI has a bearish divergence in the daily chart. The only way to break this trend would be to break the line above.