Falling wedge formation, normally a continuation pattern, we have a good chance to break this up but if not we could be heading for a new lower low on daily chart, hopefully not.
(Gold important update) Double bottom formation could hit around $1,815 next few days.
BTC fighting hard on this channel between the EMA,S let see what it does.
BTC could be creating an inverted cup and handle in the 4 hours chart and also 1 hour chart, this is to early to confirm that but is a possibility that I have been observing since yesterday.
Binance coin is forming a W pattern on daily chart, we could be breaking this up soon but if btc creates a new lower low bnb coin could break this down too.
Eth found resistance today in an ascending broadening wedge, I believe if bitcoin manage to break up the descending channel Ethereum could easily break up this wedge to find resistance at least in the old ascending wedge line, if btc creates a new lower low ETH could be heading to the support line of the wedge too.
We need to keep on top of the 8 EMA line and find support on the 21 EMA to break up this descending channel, we have touched the resistance line of the channel today and if we break up we will see a pump if not we could be in the way for a new lower low.
It is a strong possibility that we break up this descending channel and we see a pump next few days but first we need to be on top of the 21 EMA acting as a resistance now if not we could make a new lower low.
this is only a joke but I still believe we could hit $1,000,000 by the year 2029
Bitcoin is a bout to break a bearish pennant formation in the 4 hours chart, this will break today and we could see a big move.
We are in a raising wedge on daily chart, most likely scenario is to break it down.
ETH in an ascending broadening wedge daily chart, what direction will take? if we break the neckline of the double top we almost sure it will take the down direction.
We didn't break the ascending broadening wedge in the weekly chart yet, we could still bounce back, but it is very possible that we hit the target to around $40,000 next few weeks according to some indicators and hopefully bounce back after, if not we could have a serious bear market, I really believe that.
I believe if we stay above the 100 EMA we could start moving up and create a lower high next few days and after a new lower low, this is how it looks to me bitcoin now.
We could have an ascending triangle or a cup and handle pattern in one hour chart, they normally break to the upside.
Btc could be forming a new trend line to the downside.
We are about to break down a bearish pennant in the 4 hours chart, anything can happen but most likely scenario is to break it down.
Btc future of this Cycle with possible scenarios to observe.