As mentioned in the previous post, the BTCUSD was aiming for the range high and now it has broken out of that range and the price is trading higher than the range high. However, the current 4h candle which broke out the range high, has not closed yet. But by looking at the price action, the probability of this 4h candle closing above the range high is higher.
Inverse H&S pattern developed here. The price might shoot up another 48% from here to 72.85 level. The same pattern can be observed on several other stocks.
Of course if price falls below 35.50, this idea will be invalidated. However, looking at the structure of the overall market, it seems likely that the price will keep rising higher in the coming days at...
Clear inverse H&S pattern can be observed here which has developed in past weeks. The price has broken out of this pattern and may continue to rise higher. If the price falls back below 166, then this idea based on this pattern will be invalidated.
BTCUSD tried to break out from the range high but was rejected through supply at that level. However, this repeated attempt suggesting, it is more likely that another attempt will be there and this time it might break higher and cross the weekly and the monthly resistance and it trades substantially higher than the current range high price.
The price clearly got rejected from the high of the range and then headed towards the low of the range. The price did not quite touch the low of the range but it came very close to it and had a bounce. However, that bounce brought it to the mid of the range and now getting rejected from the mid of teh range. Very probable, the price is heading to the low of the...
BTCUSDT is currently in a new range. There was a breakout of this range but was not materialized and quickly fell back in the range. Currently the price is consolidating in this range. The price will try to touch the top of the range first before coming down or tries to break out again.
