With all this crazy volatility the last few days with Bitcoin and no clear direction. It looks like we may be forming an Ascending Triangle on the 1 hour chart.
On the 4 Hour chart it looks like the MACD & RSI are in position for a golden cross which might aim this triangle with more bias for a bullish breakout but at this point we'll have to wait and see....
Taking a look at the daily bitcoin chart with the Fib retracement tool. It looks that we may have formed a tweezer top at the all time high. If the current daily candle doesn't close above the top could it be safe to say we may see a possible reversal to the 0.236 Fib level at approx $57500. Keep in mind a re test of this level would still have Bitcoin in a...
My previous post outlined my target for Bitcoin breaking out of this symmetrical triangle.
I didn’t expect a snap to 60k this quick but nevertheless it got there! Congrats to anyone who has or had a trade open.
Let’s all win together!
Bitcoin has been teasing us for some time now. We are in exciting times now for Crypto & Bitcoin is attempting a retest of its ATH.
Looking at the chart I have found what I believe to be some mixed signals in terms of Bitcoin's next major move. For starters, Bitcoin is still currently sitting in the middle of the key 0.236 Fibonacci level and continuing to find...
Looking back at the previous Cycle in 2017 Ethereum had a large rally followed by some voilent sideways yet still upward sloping consolidation before a near 65% pump to the upside. This current pattern looks very similar. We have hit ATH's whilst still being involved in an ascending triangle pattern,
if we get a break to the upside out of this triangle, do you...
