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

After the Bitcoin price recovered from the flush to $63,000 over the last week, expectations are that the uptrend could continue. This has sparked predictions for the next rally and that the BTC price could move above $70,000 as a result of this. However, one analyst has thrown a wrench in this move, predicting that there could be another crash coming. This could lead to the final bottom, but suggests that much lower prices are coming first. The Ending Diagonal That Suggests Bitcoin Is Headed Downward EduwaveTrading posted an analysis on the TradingView website that paints a rather bearish....

A crypto analyst has highlighted how Solana could be setting up for a 10% price move based on a technical analysis (TA) pattern in its hourly chart. Solana Could Be Following A Symmetrical Triangle In a new post on X, analyst Ali Martinez has talked about a TA pattern forming in the 1-hour price chart of Solana. The pattern in question is a Symmetrical Triangle, which is a type of consolidation channel that looks, as its name suggests, like a triangle. The pattern involves two trendlines, with the higher one acting like a resistance level, while the lower one provides support. Like with....

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....