Bitcoin’s Next Move Revealed: Trading Guru Reveals This Cryptic Chart Pattern...
Legendary trader Peter Brandt has recently shared notable insights into the potential future trajectory of Bitcoin price, suggesting the possibility of a significant market move for the crypto asset. This insight comes as Bitcoin appears to be recovering slightly from its week-long decline. The asset is up nearly 5% over the past 24 hours, with a current trading price of $64,968 at the time of writing. Related Reading: Bitcoin Halving Hysteria: Will History Repeat Itself Or Are We Heading For A Market Meltdown? Bitcoin Next Move According To This Chart Pattern Brandt’s analysis,....
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Here's a look at what we are focusing on in the bitcoin price this morning. So this morning we are going to go for something a little different. Over the last couple of weeks we have primarily been focusing on horizontal range bound trading, with a few breakout entries whenever we saw some volatility. This has been a decent strategy, and one that we are going to maintain going forward, but a classical pattern (well, sort of) has formed overnight, so we are going to shuffle things around a little and attempt to trade the pattern before we return to our standard approach. The pattern in....
Tired of Bitcoin's consolidation? Well, then there is good news! After spending considerable time in a contracting trading range, Bitcoin may well be on course to register another breakout. There is a significant probability that the breakout may be on the upside and lead to swift gains for the cryptocurrency. Bitcoin is currently trading at $244.42. Technical analysis of the 240-minute BTC-USD price chart conveys that the cryptocurrency is well poised for the next leg of its rally. However, the support of $240 must not be violated. Bitcoin Chart Structure - A quick glance at the....
In classical technical analysis, an ascending triangle forms either as a continuation pattern midway through an uptrend or as a reversal pattern at the end of a downtrend. A break out of the triangle (i.e. a candlestick close above the upper channel) signifies a pattern completion, and infers a target of at least the height of the triangle in question. A quick look at the 15 minute price chart on the bitstamp feed reveals just such a pattern, and - therefore - offers up a bullish bias for the latter half of this week. We are currently trading just shy of 237, and approaching the apex of....
Key Highlights. Dogecoin's price managed to recover some ground this past week, but it remains at risk of a move lower during the upcoming week. There is an ascending channel pattern forming on the hourly chart (data feed from HitBTC), which is acting as a support. A break below the channel support area may call for more losses in the near term. Dogecoin's price remains under a monster bearish trend line on the 4-hour chart, and an interesting pattern is forming for the next move. Ascending Channel Pattern. Dogecoin prices managed to trade a few points higher this past week after trading....
Dogecoin Price Key Highlights. Dogecoin price continued trading in a range during the past couple of sessions, and remains at a risk of a break. There is a breakout pattern forming on the hourly chart with an important resistance around 56.0-57.0 Satoshis. Our highlighted double top pattern is still valid, but it is fading slowly as sellers failed to gain momentum. Dogecoin price continued to consolidate in a range, and currently forming a contracting triangle pattern for a break. Triangle Pattern. We have been following a double top pattern on the hourly chart, and waiting for a break.....