renatorez2

BTC - Bullish Rectangle Pattern

Long
renatorez2 Updated   
BINANCE:PAXGBTC   PAX Gold / Bitcoin
Quantitative easing (QE) is a monetary policy whereby a central bank purchases predetermined amounts in order to inject money into the economy to expand economic activity.

Recent balance sheet trends - Federal Reserve Board: www.federalreserve.g...bst_recenttrends.htm

It is possible that the rising wedge pattern of BTC/USD is formed due to US inflation. When comparing BTC to gold, ATHs share the same horizontal resistance.

Steady currencies are exchange rates used to eliminate the effect of fluctuations when calculating financial performance numbers for publication in financial statements.

Therefore, when analyzing the chart above, it is possible to consider the bullish rectangle pattern.

As long as the chart value remains within the rectangle, the pattern remains valid. From the moment it breaks the resistance that held all ATHs, BTC should have strong growth. If BTC crosses the bottom line of the rectangle (support line), the pattern is cancelled.

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