Bitcoin is forming this symmetrical pattern that is likely to break to the upside anytime soon for this short term period.
Target of this breakout to the upside would be around 59.8K.
Target of this breakout to the downside would be 57.8K or retest the 58K.
It will need volume to support the breakout.
Note: Not a financial advice, trade at your own risk
CAKE should be breaking anytime within this 3 days. Symmetrical triangle pattern formed.
Higher tendency of breaking to the upside. Target to retest the previous high at $21. That is a 100% gain from the current price $10.60
Breaking downwards should retest the $5-8
Note: Not a financial adviser, just my own personal view on this current pattern. Trade at your own risk.
An update to my previous post, I had to readjust the bottom line of the triangle to touch most of the wicks. We had a breakout last night but it did not have a 4 hourly close above the triangle. Still retesting the pattern, bouncing in between and estimation of time to break out would be by or before the 25th of March
Note: Not a financial advice here, do your...
Binance is creating a giant 1 month long symmetrical triangle. A break out will be very imminent from here. It is being squeezed right now in this triangle and within the 24hours, it should decide to move.
It has a higher tendency to break to the upside and if it does, the target would be around $420 after breaking the previous high at $350.
The unlikely...
A Post Analysis
The BAD Part
Breaking down is always a bad news in the crypto world but it is bound to happen. A Head and Shoulder Pattern formed and the tendency of breaking down is high and no one will want their investment to go down. As of writing, bitcoin actually broke the neckline and it really went downwards.
The Beautiful Part
It is BEAUTIFUL because...
Guys! looking at a short term period, in either 30minutes or 1hour chart. It is creating symmetrical triangle pattern. With this pattern, we will have a higher tendency chances of breaking upwards. There is 3 touching points on both sides that will give this pattern a higher chance of that breakout.
If this breakout take place, our next target should be around...
After 4 days of accumulations, bitcoin is creating a rising wedge pattern and this will bring a higher tendency to breakdown as it is a bearish sign. To support this, I bring up the MDAC and in the 4hr chart, December 19, it flashes bearish and it is still continuing the same direction.
If the breakdown takes place, it will bring us to the target of 22K...
Bitcoin has created a bullflag pattern and as of writing, it is in a consolidation phase and it drew a symmetrical triangle and this has a higher tendency to breakout anytime within the 24 hours. When it does, the target for it to reach would be around the 27K-28K mark but it has to break the megaphone around the 24.3K.
If it consolidate even longer, as of...
