look like BTC making ascending triangle. in last few month almost all of bearish pattern act as bullish , what if this more bullish pattern act as bearish ? and make bitcoin close monthly candle bellow 45 k ?
are we going to head to the bear market ? i just don't understand , we have been 10 months in uptrend and ppl still talk about 50k k, i mean from 4 k to 40 k its has been such fantastic move for bitcoin . for me i think we are in similar area which we wear on last bull-run
for me i think we may test up line of triangle which is around 35,500 and the heading down and brake down . i belive that we should to retest the 20 ema as support sooner or later which can take us to 18 k or 20+ . depend on when this retresment move happen. but i am more on bearish side .
potential head and shoulder on 4 hrs t/f after head and shoulder on 1 hour t/f #bitcoin
are we going to set this tringle pattern ?? time will ell. :)
look like its more look like descending triangle . more bearish pattern and targets are on chart .
with this revarsal , it look like we are in a bigger tringle . still more bearish but don't forget this is #bitcoin and everything can happen. just be ready for both side action
its look bearish descending triangle will breakout soon and for me i think we may go down and make new lower price, not a financial advice but its a good trading opportunity .
some pullback will be healthy for #BITCOIN but keep your eye on 12600/ 12500 area which can totally change the story .
#BTC trying to close above the line on monthly close . this chart is so beautiful actually . always zoom out and see the chart.
i am personally more bearish on this. not a financial advive . do your own research
as we can see #BTC forming ascending triangle, the target will be 14 k if we break to the upside :)
in 1 hour tf look like btc making a bull flag to move another leg up to this box ( 14 k ) next testing area and let see if btc can close candle above it .