On the 1H chart, a bearish triangle is forming on the BTC/USDT chart. Looking at the fact that Bitcoin has failed to breach the $20k wall two times now, it might be time for a healthy short term correction. Support 1 would be my best guess where the price could reverse in case of some downward movement in the coming days. Nice buy opportunity. Possible falling wedge. fib Bull div SL: $ TP1: $ TP2: $ As I sayed on last idea BTC stay in a channel for a while and now its breakthe top line of the channel on and pumped and as I sayed on last idea its give us a good short on its channel now we have an strong on If it break can do a bulliesh If it cant break again make an channel as I showed on chart.
Tradingview bitcoin usdtBtc-usdt — TradingView
As I sayed on last idea BTC stay in a channel for a while and now its breakthe top line of the channel on and pumped and as I sayed on last idea its give us a good short on its channel now we have an strong on If it break can do a bulliesh If it cant break again make an channel as I showed on chart. Looking at the charts BTC moved up as predicted.
It's hit the upside wall at the Now begins the consolidation phase where btc travels sideways and reloads for another move. If that consolidation phase bounces across and slowly moves down BTC will form a bullish flag for another move forward.
That's the formation I'm watching for. In these sideways Wave C accelerating as expected. BTC is in a pennant pattern. A break above it's current mark blue arrow on the chart and BTC could challenge it's all time high again Area indicated in a yellow circle on the chart. It all depends on which side of the pennant BTC decides to exit. Similar setup as to when BTC past the 20K mark 2 posts back If BTC is able to break above and out of it's current pennant pattern it should have a large enough push to challenge the all time high of As I said, it turned out to be a profitable signal and the price was able to reach the resistance level.
At the moment, the price bounced off the level a little and began its downward movement. As for me, this is one breakout If it can turn support then next LTF target Videos only.
Dec 2 Fractal. This looks promissing. Low risk high reward. BCH - Bitcoin Cash. Anyone sees this as a bullflag for BCH long? Trying to gain popularity and formation of ascending movement.
Show more ideas. The infamous "Then they fight you" phase started! Merry Christmas. Hi Everyone! Merry Christmas! It's not a bad idea to have another window up with the 3h, 6h and 12h time frames as well. What do yall think? Let me know how likely it is for Bitcoin to hit this kind of price action Happy Holidays!!! Hello everyone In my previous analysis even though I am bearish in bigger picture.. However in 1 hour time frame we could have a breakout that could lead to a new high Price stuck inside a triangle..
Price broken triangle but need to close above green line and same time Green line need to hold as support.. Yesterday BTC aims towards local support orange line. After trying to attempt this support area we started seeing a nice uptrend. This resistance area marks a critical resistance target.
If we close above , we can expect