XTZ BTC almost reaching potential bounce target. Could be a good buy here if that lower channel of a potential ascending triangle holds. I wonder if it is also a potential inverse head & shoulder pattern forming.
Warning: Extreme Hopium. Caution Is Advised.
BTC - The year is 2024. After two seasons of bull market and two halvings of BTC block reward, BTC price stands at a wopping USD 5.55 million!
ETH XBT may retrace deeply before ultra mooning. Perhaps during the next BTC major pullback after a BTC ultra breakout. Looking at the two previous fractals, it also need to break 200 EMA to confirm strong bullish sentiment before it goes for the heaven.
Historically BTC daily chart current RSI level is amongst all time oversold levels. Most of these cases when these RSI levels are reached, BTC end up bouncing hard.
BTC daily chart indicate several interesting observations:-
(1) The purple lines indicate the main three (3) bearish drives pattern within that main wedge;
(2) It was expected that the last local reversal was supposed to breakout from the main wedge which seemed to have failed;
(3) Daily RSI indicates that the current head still has plenty of room to complete...
