BTC will probably suffer a significant drop to look for liquidity areas
Within the channel and opening the geopolitical possibility of infraction and more possible that we are going to look for new minimums around 13k at first
If the pattern is fulfilled and the negative news that plagues the Crypto ecosystem plus the fall of Evergrade and the SEC's problem with Theter ends up being fulfilled, it is possible that we will see BTC again on those prices
The bears may come down to look for more honey. 20k may be 25 approx
If the lower part of the channel breaks after the failed attempt to break the dividing wall, we may go to the next level and the formation of a compression channel.
Bulls can't broke level next target 44k aprox
BTC price compression in BEARS resistance if broken this support go to next level the same for the below support
BTC could not break the channel's dividing wall and the bears have appeared, it is heading towards the lower part of the channel and towards the formation of a possible wedge-shaped compression channel, in the outcome of this it will be seen if it is bullish or bearish. The fundamentals warn that BTC is in one of its peak times and can reach targets in a short...
Chart pattern with a possible false break out in the root of the bull chanel if can be break this chanel is possible retest around 64k if continue correction last sell off can break the lower part of the channel and start a downward path to approx 38k. IS A AMBICIOUS IDEIA
Pennants and wedges are completely the same as the triangles in trading. Something you have to be careful about is that you should not rush and take a position as soon as you think that you have found a pennant or wedge. You have to wait for the market to develop a complete pennant or wedge. Then you should wait for the pennant or wedge resistance (in case of a...
According to Wyckoff and Elliot waves it seems that Btc will reach 8k in the coming days !!
The descending triangle is also a very reliable and easily detected trend continuation figure. It always occurs in bearish tendencies and occurs when the price "takes a break" in its fall. As happened with the ascendant, to be sure that it is a triangle there must be at least 4 points of contact, two minimums (of the same level) and two maximums (the second being...
Symmetric triangle BTC Waiting for the triangle break accompanied by volume to enter BitCoin, first target near 10900
According whit structure of ascending triangle Iota in the frame time 4h, breaks the resistance guideline,accompanied by volume. Still have to be cautious and expect it to cross the resistance of 2.24 for further confirmation.