Continuing from the previous Bitcoin analysis:
Bitcoin is trying to break the Handle upward. If successful, that means the Cup and Handle pattern is confirmed. Next, have to wait for Bitcoin to go up and finish the pattern. How far can Bitcoin rise? Let's see what happens.
Bitcoin is trying to break the Handle upward. If successful, that means the Cup and Handle pattern is confirmed. Next, have to wait for Bitcoin to go up and finish the pattern. How far can Bitcoin rise? Let's see what happens.
Note
For confirmation, we can wait for USDT Dominnce to break the minor ascending channel downward.
Note
Have to wait for Bitcoin to break this inverted triangle pattern upward. Let's see what happens.
Note
So, USDT Dominance broke the minor ascending channel downward, and Bitcoin broke the inverted flat-triangle pattern upward. The only thing left for Bitcoin to do is to break the previous ATH (the blue line); then up it goes. Let's see what happens.
Note
So, Bitcoin broke the ATH (the blue line) and went up. Now, a minor correction in unfolding in a triangular pattern. Bitcoin needs to break out of this triangle for upward continuation. Let's see what happens.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.