As we see, we have a middle finger formation on the weekly Bitcoin chart. This is a significant historic moment for BTC, signifying the beginning of a new cycle and hinting at the future of Bitcoin. In the often serious and pattern-rich landscape of financial analysis, this unorthodox interpretation stands out, adding a bit of humor to the otherwise rigid world of...
BTC broke out of the 12H uptrend For the past 4 months it was testing a huge valley at 18900 but never broke down It is now moving away from this valley fast 1st target 22483, 2nd 24307
- There is a W formation around the 23418 and 22736 prices - The price has reached the 23418 resistance area but have rejected several times - Similarly it has bounced off support several times from the 22736 area - We have a macd cross on the 4h atm - Moving up in the RSI I anticipate price will reach around 24.00 where the overal yellow trend currently sits...
We have had our indicators showing the downtrend over the last few days. - We reached the top of the uptrend channer at 24.722 - Rsi was oversold at this level - We reached at the middle of the downtrend channel where we anticipate a small reversal (till the 0.618 fib) then potential further move down - This are is key support area as it is aligning with previous...
Highs so far with a macd with latest highs and lows shows a convocation, I know this is not a pattern its just a coincidence but a rather interesting one. This is my first idea. Been on here since Jan. All comments are welcome!