Making a descending triangle pattern. This pattern shows that the price is in a consolidation phase, with a trendline resistance that is going down and aligning with the middle line of the Bollinger Bands.
Currently, the price is near the apex of the triangle, suggesting an imminent breakdown. If the price breaks below the triangle, we might see a significant...
Third Day: After a nice drop we had on BTC, the price has not shown any significant support or volume near the current zone, where the price is stuck inside the FVG zone and gliding slightly above the middle line of the Bollinger Band.
Today we are going to have a very volatile day with all those news stories, which we think will push the price finally for one...
On the 4-hour chart for Bitcoin, we've got an interesting setup developing. The price is teasing the upper boundary of an ascending channel, indicating a strong resistance zone around $38K. Despite recent attempts to breakout from this level, BTC is struggling to hold, signalling potential exhaustion among buyers.
With all eyes on the $38K zone, a confirmed break...
