Inverse Head and shoulder pattern was formed on BTC and it has already broken the neckline. If the pattern validates, 100K BTC dream will come true. This coincides with the cup and handle formation on 3D Total. A possible double top on weekly time frame is also a possibility. I could be wrong. I'm not your financial advisor. This is only for learning purposes.
A bearish bat has been formed on a 1hour chart. Let's wait for retracement now.
A perfect bearish bat has been formed on a 4hour chart. If the price doesn't pump anymore, this can easily play out.
BTC is heading towards major resistance. one of the labeled patterns could be in play. Bearish bat and bearish Gartley are strong trend reversal points. BTC has broken the falling wedge on the daily timeframe. Things are a bit fuzzy right now. The next few candle closures will decide the fate of the current movement.
BTC has been trading in a falling wedge since 27 August. If BTC manages to break the wedge, targets are mentioned on the chart. if BTC breaks 45200, that will also break the current structure of LL and LH. Right now BTC is trading in a chop zone. A move towards either side could bring chaos to the market.
BTC broke down the uptrend once again and right now it is aiming at another LL which could be close to 38000 or it can go even lower to 32-34k where also CME gap lies. BTC needs to break above 45k to break the current and start making HH. Fingers crossed at the moment.
BEL has formed a Bullish Gartley Pattern on the 1D chart. let's hope for the best. PS: I could be wrong.
BTC is currently forming a falling wedge. Let's hope for a breakout.
Head and shoulders pattern has been formed on one day chart. Expecting BTC to hit the target soon. What do you guys think? Let me know in the comments.
Will this time be any different? Let me know in the comments.
The last time we had a bearish cross on Williams alligator, BTC went 48.36% down. Can this time also be the same? This chart is just for fun. Kindly, take it lightly.
So, far ever since the drop below 80HMA BTC has possibly been in a bear market. Considering the past performances of BTC falling 200DMA, 20WMA, 104HMA(weekly), or 80HMA(weekly) has resulted in a visit to 200WMA. I strongly believe that we are going down to 200WMA sooner or later. Invalidation Point: Weekly candle closes above 80HMA. Will this time be different?...
The indicator used in the chart is Williams Alligator. Every time the green line of Williams alligator crossed the blue and red line downwards, we entered a bear market. There were several bounces each time but BTC had to find its last line of support at 220MA. This time we also have a bearish cross on the Williams indicator. Let's wait and watch for now. I...
During the run, bull run if you want to call it, HMA104 acts as support. The moment BTC loses the support of HMA104, it has some bull traps, dead cat bounces, and eventually, it falls to 200MA. BTC consolidates at 200MA before the start of the next run. Sooner or later BTC will visit 200MA. 2021 is not going to be a supercycle. Following Youtubers and CT could...
Will this time be any different? NO! Fall is imminent, wait for it.