GTN671

GTN671

It's a false breakout ⚠️ Do not get fooled #BTC will indeed find a buttom in May at around 50-52k, a little bit more patience is needed here.

GTN671

We haven't seen the final dip yet. The symmetrical triangle suggests it could hit around the 52-53k support area. The triangle broke out downwards on April 13th, and the retracement has already occurred. Prices are steadily dropping towards the trendline. This event will also coincide with BTC touching its longest-term trendline, dating back to November 2022....

GTN671

Well.. symmetrical triangles are usually seen as continuation patterns until proven otherwise. They are also one of the least reliable patterns, but on daily charts, this could mean something else. My interpretation is that, the trendline should and must be approached/touched to get a healthy uptrend. The minimum implication of the symmertical triangle confirms...

GTN671

#DEGO is almost ready for the long waited #breakout The cup and handle on the daily #chart is almost formed with its cup forming an almost perfect rounding bottom with a pretty matching #volume. The #RSI is forming a bullish falling #wedge as well, confirming the reliability of the pattern.

GTN671

The implications of the extra #Bitcoin supply coming from the US Government are most probably still in place. We still haven't seen the final dip yet, but we're getting closer to it. The pullback within the falling #trend is forming a #wegde with a noticable falling #volume alongside its formation. The minimum implication of the wedge sits below the 64.7k...

GTN671

BNB seems to be ready for a downside breakout from a 3-month-long Head and Shoudlers formation. After a successful downside breakout from a descending triangle, the H&S formation is completed. The volume is matching and the RSI as well. A minimum implication of this breakout will take the price down at least 40% to the 150 support level.

GTN671

On Oct 4th, Bitcoin did finally have an upside breakout from the bullish falling wedge formed since Sep 2021. Prior to the breakout and until now, the price seems to be moving in a parallel channel and recently struggling to break its 50% level. The support level formed on Nov 2020 has been met. The odds favor an HUGE rise in price, but IF it goes below that...

GTN671

BNB is moving in a descending triangle since Nov 23rd und is most probably a few hours away from a downside breakout. The descending triangle formation is confirmed by a declining volume throughout the pattern and a strong RSI resistance at its 50% level. That will be the 1st of 2 possible downside breakouts, as the right shoulder is about to form. Once the...

GTN671

BNB seems to be moving in a descending triangle since Nov 23rd and is pretty close from its breakout point. The volume in this triangle is confirming the pattern, but the small period from formation until breakout is more likely to be the only underestimated worrying factor of its failure. In addition to that, the big picture shows us that BNB is moving in a...

GTN671

On July, 18th Ethereum broke above the 1500 resistance level and is now failing to retest it. The whole market has a bearish bias, and this would affect eth as well. In addition, ETH is moving in a bullish falling wedge since January 24th 2022. What is somehow a little bit confusing, is that ETH succeeded to fill the gap formed on June 13th ( which most of us...

GTN671

We could probably see Bitcoin getting close to the 10 K area

GTN671

We could probably see BNB get close to the 100 to 150 area

GTN671

Basically, #DEGO Finance is showing some great bullish potential and might be among the first ones to recover. On the daily chart, #DEGO is moving in total correlation to #BTC and #BNB. But when it comes to short term analysis, it shows more upside potential than the others, as it is moving in a symmetrical triangle with an estimated breakout within mid-august. ...

GTN671

The final bottom would most probably be at around 100 usdt in august before breaking out from the bullish falling wedge and recovering

GTN671

The final bottom would most probably be at around 10K in august before breaking out from the bullish falling wedge and recovering

GTN671

The second flag formed since June 14th seems to be reaching its end anytime soon, as #BTC struggles to exceed the flag's 50% level. If it fails to reach the upper boundary, the odds will favor a downside breakout within July, driving #Bitcoin to the 10k area. Another possibility is as follows : If Bitcoin finishes July inside the flag and reaches its upper...

GTN671

There is literally nothing good seeing #Euro and #USD reaching parity. Clearly, and despite the roughly same volume at each top, the 6-year-double top is no joke. Especially considering the fact that its fueling the violation of a major round-numbered multi-year support right at this moment. Most probably if not sure, Due to the fact that it takes longer to...

GTN671

BINANCE:BTCUSDT The bearish rising wedge formed early 2022 seems to be having larger implications that expected. A second flag is forming at the 20K area warning of a further decline to the 10K support area where it will consolidate for the short term. The bigger pictures show us that #Bitcoin will suffer on the longer term as well, at least until...