☃️ ... with arrival !! the price of 1 bitcoin is almost equal to the cost of producing 1 bitcoin ... which was after a similar period from April 14 '21 to May '21 - a sharp decrease in production costs began and only then, from the end of July '21, after a significant reduction in costs the uptrend has begun...
update: BTC/USD, 1D strong resistance level 37452.0 broken maybe it's a false breakdown if the breakdown is not false, we put on a hard diving suit ... well, the one with lead soles ... for deep diving let's see how the daily candle closes in 2 hours pay attention - I made the Maginot line (burgundy color) - a breakdown of this inclined resistance line will be...
usually fractals* in trading seem to look cool and funny... until they are fulfilled )) *** in my understanding, a fractal is a repeating graphic pattern that does not belong to official trading patterns due to its rare occurrence and uncharacteristic, individual appearance... imho ))
I hope that this is the case when a picture is better than any words ...
Bitcoin Weekly Overview: BTCUSD hits EMA-55 again Bitcoin made a $40,0k shoulders line for H&S and begins to form the right shoulder of the H&S in long with a possible rise to the zone up to $53.0k then from that zone there will be a descent to the shoulders line $40.0k so that on Chinese New Year there will be a completion of the H&S then we will watch how...
Descending Channel - is a bearish chart pattern and Fantom is going to test it now
an ascending channel has formed on the Ethereum chart and now fake breakouts are very likely the lines of support and resistance are also indicated on the chart
on the 3-day timeframe, we can enjoy how the inverse head and shoulders pattern going to make a fake breakout but already transformed into a Rising Wedge pattern ... the chart shows the levels of support and resistance also there is still dependence on significant movements in the price of bitcoin
on the 3-day timeframe, it is clearly visible how the inverse head and shoulders pattern after a fake breakout was transformed into an ascending channel... the chart shows the levels of support and resistance there is still dependence on significant movements in the price of bitcoin
Wyckoff-Short minus Wyckoff-Long = (equal) = Sideway = Alts Up
SORRY I should do it faster and earlier but anyway I guess we still can catch the wave
sometimes support and resistance lines ... and price actions are all that is needed for a good setup ... I hope ))
here we have a situation with three versions of the development of events, plus one ... when I indicated 3 in 1 in the title I mean: - Head & Shoulders, - Falling Wedge, and - Descending Channel and did not mention and did not mark a sideway/flat on the chart yet because 3 in 1 is too much already and 4 in 1 - it would be ... but anyway - 1 good picture is...
simple use Support and Resistance levels with that H&S pattern ... find on my chart a slow MA-220 (purple color dynamic line) ...
Not every H&S pattern does what it shows, but anyway there are some known ways of it.
please note: it is not suitable for Binance - need some adjustments...
XEM ended up in the group of the weakest coins in the last three months, and it will not be easy to get out of this group even in spite of the bullish Ascending Triangle.
Bitcoin price draws the Right Shoulder of the H&S with a hint of a short down to $30k, subject to the execution of the H&S