Bitcoin is strongly holding the 21 Daily Moving Average for almost 3 months,However a clear Symmetrical triangles can be recognized. Considering that Symmetrical triangles tend to be continuation break patterns, meaning that they tend to break in the direction of the initial move before the triangle formed.As a result, It is most probable that we see Bitcoin...
Bitcoin is clearly forming a triangle pattern with considerable touch points.
Based on academic TA, triangles can be continuing or reversal patterns, BUT in my opinion there are some reasons which make me convinced to be LONG on BTC in current situation :
-Triangle patterns in uptrend are mostly continuing.
-BTC and Crypto Positive fundamentals,Many good...
As you can see on the chart, BTCUSDT is Forming a Falling Wedge pattern on 1H time frame.
Falling Wedge pattern is known as bullish pattern and I expect to grow to the first strong resistance , which is 4200$.
*WARNING: I AM A NEWBIE to TA, and NEVER consider the prediction as financial advise!!
Hi, BTC HODLer and Lover,
The good days are coming!
I can imagine a cup pattern is forming, As the seller are exhausted , the whales have got it, and will fill their BTC wallets Soon!
So , Be Smart before it is too late!! ;)
Thanks for likes!!!