Yesterday , I posted that there was an inverted cup and handle pattern forming in 1H timeframe of BTC, but since we are in an uptrend since last week, the probability of inverted cup and handle pattern forming completely and breaking it's neckline, is quite low. Within the inverted cup, there was a falling wedge pattern and BTC broke out of that wedge ...
On June 14, we witnessed bitcoin breaking out of it's flag and reaching its 40,000 resistance. As we can see that bitcoin has been rejected by the 40,000 resistance multiple times and eventually started moving down. What it looks like to me is that there is an inverted cup and handle pattern forming in 1H timeframe. If this pattern is completed then...
On June 21, we saw a trend shift in BTC at the level of 31000 . After touching 38490 from there, BTC developed a flag pattern that can be clearly seen in 1H timeframe. On this day, at 16:00 , BTC broke out of the flag pattern, giving us a good buy opportunity. Next resistance is at the level of 40,000 and chances of BTC breaking above it are quite high. If...
