a symmetrical triangle in the BTC market suggests uncertainty about its future direction. This pattern occurs when the highs and lows of the price form converging trend lines, indicating that neither buyers nor sellers have taken control. Traders often see this as a potential continuation pattern, meaning the price could break out in either direction once the...
My personal opinion, Am neutral till breakout to 23.5k then 24k then 25k, If pull back from 23.5k then down 29k if it doesn't hold then it goes lower...Not financial advise
Inverted heads and shoulders pattern appears in daily time frame
Confirmation:
Trends downside
Appear in bottom
Breakout
Target mention in chart
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Bitcoin gives a fakeout above the resistance level to hunt stop loss and liquidate high leverage positions. BTC is now trading below the resistance level which is not a good sign. Today global markets opening will decide the next move for BTC. The support and resistance levels remain the same.
We recently long btc at 19379 5%+ up huge profits with 10x leverage
I expect you to take some profit around 20ks though it's open target we are good
Happy profit and weekend 😀😎
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I think Bitcoin is a head and shoulders pattern and its target will be 54,000.
Targets: 47700/48000_52000_53500
Support: 43800/44000_42500_41800
❗This analysis has failed if Bitcoin loses the
40,000(40600) area
It's hard to say we are going to Bear Market we are going to Crypto winter
The main support between bull and bear (28800)
Let's hope for green February
My analysis is based on trend lines.
In my opinion, bitcoin can reach 46800 and if it stabilizes above this level, it can reach 57200, but if it is not able to stabilize above 46800, there is a possibility that it will fall to 37300.
Thanks for paying attention to my analysis.
Ethereum doesn’t look globally good, as well. What we have is a descending triangle with the flat support which is a bearish pattern.
Moreover, there are even two strong resistances that keep $ETH from growing. Once the $1800 is broken, the massive down trend will be confirmed.
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Three Determinant Limits for Bitcoin
The first and defining area was the green area that prevented further bitcoin from falling, which included the support zone and the channel floor area.
The second limit is the price range of 63,000, and if Bitcoin can break this range and stabilize above it, we can expect that Bitcoin will maintain its upward trend for at...
