Decoding the BTC Bull Run: Insights from Key Bullish Patterns

2024年11月16日

The hidden secret behind every bull run lies in the patterns and setups that precede it. The current BTC bull move emerged after a prolonged accumulation phase, which many mistook for distribution. This accumulation manifested in two powerful bullish patterns: a bullish flag formation and a mega descending broadening wedge formation. These formations strongly signaled the massive rally we’ve witnessed, which is why we have maintained a bullish outlook since identifying them.

This analysis highlights these formations and their final targets, providing valuable insight into the potential target for the current bull run. Review the chart for a clearer understanding and share your thoughts on our projected target.

Enjoy, trade responsibly, and keep it simple!

2024年11月16日

註釋

The wave pattern could take this form, remember this is just an assumption, I may be wrong. Trade with care.

2024年11月17日

交易進行

BTC has demonstrated impressive resilience, holding firmly above the $84K level, which remains a critical support zone to monitor in the event of a correction. On the upside, the 98K to $102K range serves as a key supply zone to watch for potential major sell-offs if the price advances toward that area.

2024年11月21日

註釋

Bitcoin heading towards the projected target for descending broadening wedge.