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CRYPTO VARTA
Bullish
--・1.1k views
#BitcoinUpdate ( Continuous) 🔶#bitcoin is currently displaying a descending channel pattern, which is considered to be a bullish formation. 🔶The price of #BTC has reached the upper trendline of this descending channel, indicating a potential breakout of the pattern. If the breakout occurs, it suggests the possibility of a short-term upward movement in the price of bitcoin.

#BitcoinUpdate ( Continuous)

🔶#bitcoin is currently displaying a descending channel pattern, which is considered to be a bullish formation.

🔶The price of #BTC has reached the upper trendline of this descending channel, indicating a potential breakout of the pattern.

If the breakout occurs, it suggests the possibility of a short-term upward movement in the price of bitcoin.

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Plan is on and #BTC☀   should be creating this Inverse H&S within next 15 days (+-5). That will be the 4th strike and most likely BTC will breakout from there to reach a new ATH. Since the RS is not deep so I am presuming that a breakout should happen on 4th strike. What will happen post ATH? A bearish divergence most likely and a correction post mid July or somewhere close to Aug. We will see the $1B liquidation drive then. Our plan is to exit before that. I will update you as and when the chart develops but this is what is currently running in my head. Mind you BTC Macd on weekly had a bearish cross over 2 weeks back and would require 2months to cool down. If we see the liquidation drive post mid July then BTC is expected to remain bearish for Aug-Sep. Nothing to worry Q4 would be fun😉 Cheers!
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‼️Breakout on 4th or 5th strike would depend how deep $BTC falls down. If it keeps consolidating here above $65k then I expect a breakout on 4th strike. Anything below that means it would require 2 more strikes to b.o. Bearish scenario for now is not in the picture with ETH ETF also in the queue I think we will have 1.5 to 2months of decent run/consolidation in both BTC and selective ALTs Reminder : Keep booking profits on your positions regularly, market takes 1 day to wipe off all profit you made in 3months #btcpizza #btc70k #altcoins
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🔕 Volatility Alert ‼️Be careful for the coming week. 🟢 Biden can veto SAB 121 senate decision to protect crypto 🟢 SEC can deny the ETH ETF 🚨Don’t get liquidated 🚨Be prepared for even more volatility. #ETHETFS #ETH_Market_Update $ETH $BTC
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#BTC☀️ making reverse h pattern that will going to pump btc soon….? 1. Reverse h 2. Bullish Just like h pattern is bearish $BTC
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#BTC🔥🔥🔥🔥🔥 3rd or 4th strike required before breakout happens.
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