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🚀📈 Is $BTC Ready for a Price Reversal? Keep an Eye on These Key Levels! 📢 🟢 71k: Exciting news! If Bitcoin closes a monthly candle above this critical level, it would mark the 8th consecutive green candle in a row, signaling strong bullish momentum! 🟢 71k - 🔴 61k Zone: By closing a monthly candle within this range, Bitcoin would still be above the average top of the last bull run in 2021. However, it would be the first red monthly candle after an impressive streak of 7 green candles, hinting at a potential turning point. 🔄 Searching for Patterns for the Next Big Move? Start from the bigger time frames and work your way down! 📊💡 Exciting discovery: A falling wedge pattern on the weekly chart indicates a possible reversal to the upside, with the pattern's tip aligning around the 61k mark. 🤔💬 Share your thoughts and insights in the comments below! Let's discuss the potential for a significant price movement in the near future! 🚀🔥 #PriceAction #BullishSignals #BullorBear #McCoin

🚀📈 Is $BTC Ready for a Price Reversal? Keep an Eye on These Key Levels! 📢

🟢 71k:

Exciting news! If Bitcoin closes a monthly candle above this critical level, it would mark the 8th consecutive green candle in a row, signaling strong bullish momentum!

🟢 71k - 🔴 61k Zone:

By closing a monthly candle within this range, Bitcoin would still be above the average top of the last bull run in 2021. However, it would be the first red monthly candle after an impressive streak of 7 green candles, hinting at a potential turning point.

🔄 Searching for Patterns for the Next Big Move?

Start from the bigger time frames and work your way down! 📊💡

Exciting discovery: A falling wedge pattern on the weekly chart indicates a possible reversal to the upside, with the pattern's tip aligning around the 61k mark.

🤔💬 Share your thoughts and insights in the comments below! Let's discuss the potential for a significant price movement in the near future! 🚀🔥 #PriceAction #BullishSignals #BullorBear #McCoin

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$PDA Spotted a Symmetrical Triangle in Hourly Chart: Let's Recap! 📢 A symmetrical triangle is a technical chart pattern formed by converging trendlines that connect a series of peaks and troughs. In an uptrend, a symmetrical triangle typically forms as a continuation pattern, suggesting that the prevailing uptrend is likely to continue after the pattern resolves. Here are the key characteristics of a symmetrical triangle in an uptrend: 1. Formation: The symmetrical triangle is formed by drawing two trendlines that converge towards each other. One trendline connects a series of higher lows, indicating the uptrend, while the other trendline connects a series of lower highs. 2. Volume: During the formation of the symmetrical triangle, trading volume tends to decrease. This decrease in volume indicates a period of consolidation or indecision among market participants. 3. Breakout: As the price approaches the apex of the triangle, traders look for a breakout. In an uptrend, a bullish breakout occurs when the price breaks above the upper trendline of the triangle. This breakout is typically accompanied by an increase in trading volume, confirming the validity of the breakout. 4. Price Target: To estimate the price target of the breakout, traders often measure the height of the triangle at its tallest point and add that distance to the breakout point. This projected target represents a potential price objective for the continuation of the uptrend. 5. Confirmation: It's important to wait for confirmation of the breakout before taking a trade. Some traders wait for a close above the trendline or a certain percentage above the trendline to confirm the breakout. #signals #altcoins #ANALYSIS #McCoin
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