BTC and the Power of Patterns: A Bullish Case

Since the start of 2023, BTCUSDT has exhibited a consistent pattern of consolidation followed by expansion, marked by the EMA ribbon flipping bullish. In each expansion phase, the price achieved the same measured move projected from previous consolidation ranges. By overlaying this behavior on the current structure, we derive a potential target of $175,000.

The bullish outlook remains valid as long as the EMA ribbon maintains its upward direction, supporting the repeated trend of expansions. This repetitive behavior offers a clear roadmap for future price movements, highlighting the importance of staying aligned with the trend.

👨🏻‍💻💭 Do you think BTCUSDT can repeat this expansion pattern and reach 175K? Let us know your perspective!
__
The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.