TradingView India. View live Bitcoin / Euro chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well. BTC USD (Bitcoin / US Dollar) This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing . Descending triangles can form as a reversal pattern to an uptrend, but they are generally seen as bearish continuation patterns. Most traders look to initiate a short position following a high volume breakdown .
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The infamous "Then they fight you" phase started! Merry Christmas. This is a quick short-term update on Bitcoin. The price is close to the 4H MA50 and so far it has held three times on respective Higher Lows attempts.
This is causing BTC to consolidate within a Triangle. Triangle's are common within the dominant medium-term pattern, which since late October is a Bullish Megaphone and I have analyzed this extensively numerous The weekly BTC consolidation continues to deplete market participants.
During the last attack of sellers, the price could only touch this range. As a result, buyers have formed a new local trend line.
The price of BTC continues to remain between critical points. Buyers are Looking like alts could be testing ATH sometime soon. Left Picture is money coming into alts and right is BTC. Lets look at what the price did the last 6 years when btc opened up a new year with an untested yearly pivot. This is despite whatever excuse for why that cannot happen now.
This is This is not investment advice. Just place your stoploss right. Market makers love it you sell direct. Thanks for your support. Now I think we are super bullish. There's no guarantee in anything. But I think something similar to this is very likely. The price might not go down, so don't sell it, cause you might miss a big upside. Just keep holding. Traders, do your own thinking. I'm here trying to make some predictions on very simple resistance and support levels.
My idea is to keep it simple. I expect we will see ATH again in 1 or 2 months. Possible scenario? Still possible outcome. Looks like momentum is slowing down based on lower highs on RSI 4 hours and backtesting previous patterns on the 4h chart. Not financial advice. Just some ideas. Trend is clear bearish.. Just for personal reference As long as we don't break the first down target at To confirm this is a short term move expected over the coming weeks. A bearish outlook continues to look likely beyond October when the stock market correction gets underway.
According to this chart I've spent hours on over the last couple weeks, it will definitely either go up or go down. Could also go sideways.
When the yellow line on the OBV breaks, it will go up. Looks like we are standing on SOW, so whatch out! Hope this helps you out!