Let's examine
BTC #BTC
1 - it is still trading higher on that trendline, good news.
2 - it has formed a Symmetrical Triangle formation.
We've shown these before, best example was
VIX, it cratered since the break.
These can really pack a punch. Have to keep an eye in the direction that they break, they do tend to be CONTINUATION patterns!!!
IMO #bitcoin could be setting up for 2024
PART 2
BTC WEEKLY:
RSI looks okay
Not exactly like mid 2019 or late 2020 but there's SOME resemblance.
#BTC $ flow looks pretty good.
If it stays here, historically it has a pause and then pushes higher
Then we reach the higher level, thick yellow line, where #bitcoin tends to peak.
1 - it is still trading higher on that trendline, good news.
2 - it has formed a Symmetrical Triangle formation.
We've shown these before, best example was
These can really pack a punch. Have to keep an eye in the direction that they break, they do tend to be CONTINUATION patterns!!!
IMO #bitcoin could be setting up for 2024
PART 2
RSI looks okay
Not exactly like mid 2019 or late 2020 but there's SOME resemblance.
#BTC $ flow looks pretty good.
If it stays here, historically it has a pause and then pushes higher
Then we reach the higher level, thick yellow line, where #bitcoin tends to peak.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。