There's a big ascending triangle on the Bitfarms chart which could lead to a massive breakout.
NYSE:F has broken out of a falling wedge that its been in since Jan '22. The first technical target is $18.20, the second take profit is at the top of the wedge at $20
If you're looking for a short duration trade, there is currently a descending wedge forming on the 15 minute timeframe for CRYPTOCAP:BTC
There's a small bear flag forming on the 15 minute timeframe for bitcoin. Could make a good quick short trade. Be careful the shorter time frames don't always play out.
There is a rising wedge forming on the 30M candles. If it breaks support the price target is approximately $26,700. I have also made another post showing the bullish scenario.
There's an inverse HnS forming on bitcoin, the target is approx $27,800. Still need to wait for the break above $27,300. The bearish scenario is that there is also a rising wedge forming that could break CRYPTOCAP:BTC down to $26,700
A symmetrical triangle is a continuation pattern, so its more likely to break down, given we are in a downtrend on the 4H. However, whichever way it breaks out we can make money. Wait for a breakout with volume before activating the trade. Cheers!
This one is on the weekly. It may take a few months to play out. It could also break to the downside, what will determine which way the pattern breaks is if NASDAQ:SSNT closes the merger with Bitcoin miner, Rhodium.
A bull flag pattern is typically seen as a continuation pattern in a uptrend. However, if you see a bull flag pattern consolidating in a downtrend, it may signal a reversal. This is because the flag pattern suggests that selling pressure is weakening and buyers are starting to gain control. If price breaks to the upside, it could signal the downtrend is coming to an end.
Looks like there's a possible ascending triangle unfolding on the hourly, be cautious, there's a divergence on the RSI
Bullish divergence on the RSI on the 4H for BTC/USD. What do you guys think will happen here?
Bitcoin has broken out from the falling wedge pattern I had discussed this morning. We still need more volume coming in, if you are in a trade on ByBit it's probably worth taking some profits here.
A short update from the earlier video. We're now testing the previous resistance. We need a volume boosted candle above the previous resistance to confirm the breakout.
Are you worried about the current conditions of the Bitcoin chart? Don't be. 30-40% corrections are healthy and have historically happened throughout Bitcoins history.
Ethereum still looking strong as days go by.
hello just taking a look at Ethereum on this historic day, super excited for next few days
we all know Ethereum will have its ATH rally sooner than later, only question is when? :0