This pattern is normally bearish, however if BTC continues moving upwards i can see a breakout of this pattern.
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If Bitcoins price can continue to rally upwards whilst getting rejected at the current line of resistance, it would mean another leg of alt season before reaching a market cycle top. Alts will bleed more if BTC.D increases and gets rejected further down the cycle. The peaks of BTC.D correlate well with also how the BTC/USD chart when inverted. i wasnt able to show...
On the road to breaking ATH this will be an important channel to follow.
This line has acted as a long term support and resistance and will be a key line to watch with the correlation of future BTC prices.
Historically October and Q4 generally has remains very bullish season for Bitcoin. There are lots of talks of a economic crash which is inevitable. Personally, I think in such a scenario Bitcoin would thrive as the dollar value continues to inflate.
The dollar is approaching a multi year line of resistance and also some overbought levels as can be seen on the RSI. The last time the dollar approached this target was 2020 and had a huge rejection. I suspect the same line will again act as level of resistance. “It’s going to be the biggest crash in world history. We have never had this much debt pumped up. Debt...
Hello traders, I thought to look at the macro charts from a different perspective today and that is how the media attention correlates with the growth of the market cycle. Focusing, on the last market cycle we can see a clear increase in the search term for BTC peaking at 100 around the time of the market top which we can recall. During the bear market there was a...
This may be a potential channel to keep track of. Higher lows and Higher highs will be key in maintaining this pattern.
As expected there is strong resistance at 45k and we clearly needed more volume to breakout then last re test. Im expecting a clean breakout and back test of support.
Technical Target 42k, this may be last pull back before challenging higher resistances
Bitcoin testing the 20WSM, rejection could lead to an area of strong support around 38k.
Will it follow its father doge and pump? It might be worth keeping track of this breakout
I have found a line of support that was tested many times in the past and further back as march 2020.
Breakout, important to retest for support before confirmation. Otherwise, might re renter and head for bottom of channel
There is resistance at 46200, i suspect a small pullback towards the bottom of the channel before another rally to break past resistance then to challenge upper resistances.
Hello Traders, as Bitcoin approaches the middle of the logarithmic bands for the fourth week in a row, a breakout from this range could send BTC in its final leg for this market cycle. As of today the middle band is at 52,162 USD. The more times a resistance is tested the weaker it becomes and i feel another attempt to break past this level will lead to a...
Guys, I'm not saying this is set in stone and anything can happen in crypto. However, I am confident this following out in the pattern. I have combined Gann Method with the Elliot Wave Impulse and I predict at the least BTC is very close to its bottom. We may have some side ways consolidation within the support and resistance levels illustrated by the Gann fan....