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.
BTC #BTC1 - 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.
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.