Let's examine BTC #BTC

1 - it is still trading higher on that trendline, good news.

2 - it has formed a Symmetrical Triangle formation.

We've shown these before, best example was VIX, it cratered since the break.

These can really pack a punch. Have to keep an eye in the direction that they break, they do tend to be CONTINUATION patterns!!!

IMO #bitcoin could be setting up for 2024

PART 2

BTC WEEKLY:
RSI looks okay
Not exactly like mid 2019 or late 2020 but there's SOME resemblance.

#BTC $ flow looks pretty good.

If it stays here, historically it has a pause and then pushes higher

Then we reach the higher level, thick yellow line, where #bitcoin tends to peak.
Bitcoin (Cryptocurrency)BTCChart PatternscryptoTechnical IndicatorsTrend AnalysisVIX CBOE Volatility Index
ROYAL_OAK_INC

إخلاء المسؤولية