Yesterday , I posted that there was an inverted cup and handle pattern forming in 1H timeframe of BTC, but since we are in an uptrend since last week, the probability of inverted cup and handle pattern forming completely and breaking it's neckline, is quite low. Within the inverted cup, there was a falling wedge pattern and BTC broke out of that wedge ...
Hi guys, this is OG back with another daily technical analysis on Bitcoin. If you enjoy these posts, please like and follow, and feel free to ask questions and share your ideas in the comments below.
Today we are zooming in to the 15Min chart as I see a potential long trade setup. After the most recent rally, Bitcoin is having a small correction and have come...
We can see that it created a cup shape and will create a handle, so if it breaks out above 38,461$ and RSI (14) crosses over 50, we may look for a target of 46,358$ or higher. However, if it continues to decline and gives a breakout below 36106$, we may anticipate it to fall to a target of 33,123$ or below.
Level 1: 38,461$ – Breaks, then uptrend to...
Upward breakout of trend line.
Probabilities are pretty hard to trade though for a swing : 50% New ATH, 50% Flash dump.
I'm gonna go betting on new ATH, through another crypto though.
Safe trade, no incitation to gamble here ;)
BTC is at ALL TIME HIGH.
It's been holding since last week
If weekly candle closes below 20K Then
there might be a chance of 17k then 14k
Trendline can be scene
Remember that it can be FAKE BREAKOUT too
just to lure newbie investors so
This month is really really crucial for BTC.
I hope it won't break above within this year.