On the 4-hour time frame, Bitcoin is forming a bear flag. This suggests a possible downtrend sooner than expected.
However, in the charts I published earlier, I talked about how Bitcoin was forming a falling wedge. But, Bitcoin's price needed to go down before it would pump for my theory to be valid.
With Bitcoin forming a bear flag on the 4 hour time frame, it...
This is pure co-incidence.
Yesterday I was drawing some lines on Bitcoin's daily frame. I noticed Bitcoin's price forming a falling wedge pattern.
Today when I zoomed out to a monthly time frame, the same lines hinted at a falling wedge on the monthly time frame too.
This suggests that Bitcoin's price should be seeing some bullish momentum soon.
But since...
This chart shows the key support and resistance levels of SOL on a 1 hour time frame. These levels should be useful for intra-day traders.
The candlestick patterns seem to be forming a rising wedge. This suggests that SOL can see bearish momentum soon.
In that case, we should keep an eye on the support levels and observe how price reacts when it hits those levels.
Solana (SOL) started September with an opening price of $108.27. Coincidentally, it made the month's lowest price on the same date at $105.89.
With the exception of 1 red candle, SOL's journey to the month's highest price was full of green candles thus, making a peak at $216 on September 9.
This has proved to be its key resistance for the month of September, as...
