This Pattern Suggests Bitcoin Could Soon See a $1,000+ Move Lower

Dash Price Key Highlights. We highlighted yesterday that the Dash price might have completed a 5-waves up pattern and could move lower in the near term. There was a break lower, as the price moved below a major trend line support area to test 0.0124BTC. The Triple top pattern formed was valid and helped sellers to gain control. Dash price finally moved lower and cleared a critical support area to open the doors for more losses. Downside Break. As mentioned in yesterday's post, we highlighted a couple of important patterns and were waiting for a break in the Dash price. There was a break....

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....

Bitcoin price is currently settling inside a descending triangle pattern and could be due for a breakout soon. Bitcoin Price Key Highlights. Bitcoin price has formed lower highs on its 1-hour time frame and found support around $900. This has led to the creation of a small descending triangle consolidation pattern on the short-term chart. The direction in which price breaks out could set the longer-term trend for bitcoin. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA so the path of least resistance is to the upside. This suggests that a break higher could be....

Bitcoin's price chart has a target of $28,000 based on a classic, bullish technical pattern. Bitcoin (BTC) may be down 70% from its November 2021 peak, but its rebound move in the past three weeks is raising the possibility of more upside in Q3.Bitcoin eyes 30% price rallyAt the core of the bullish argument is a technical pattern called the "Adam-and-Eve double bottom." Notably, the structure appears when the price forms two bottom-and-recovery cycles. The first cycle, called "Adam," features a pointed bottom, while the other, called the "Eve," is round-shaped. Also, the peaks of both....

Key Highlights. Ethereum price recently moved lower, and broke an important bullish trend line formed on the hourly chart. The price is also likely forming an inverse head and shoulders pattern, which might ignite a downside move. There are many signs on the hourly chart that suggests that the price could trade lower in the near term. Ethereum price is under severe bearish pressure, as it is forming an inverse head and shoulders pattern on the hourly chart. 100 MA as pivot? The Ethereum price moved lower recently after trading as high as 0.00410BTC where it found sellers. There was a sharp....