hoplabubba

hoplabubba

We have an ascending traingle pattern forming on the 4h BTC chart. The lower ascending trendline has two reactions formed which confirms it. The volume is also declining signaling further this pattern validity. Invalidation of this pattern will occur if we close 4h candles lower than the ascending trendline. Please like this idea if it was interesting to you.

hoplabubba

In this simplistic view I'd like to share you a broader view on the 2D timeframe of Bitcoin. Since mid October 2021 we entered a descending wedge formation in Bitcoin price action. Now we broke its upper trendline resistance and test it as support. The technical target for the formation is around $67,000. You can see a similar formation starting from early...

hoplabubba

BTC spot price is forming a bullish pennant on a 4h timeframe with a projected move up to around 46500 region. The declining volume confirms this pattern. Let's see if plays out as a pennant or just as a range consolidation. First resistance block found around 43000 level. This is a macro reversal, as we have confirmed a higher low on the 4h timeframe and all...