BTC's Pattern Dilemma: Double Top or Cup and Handle?
GM, BTC is still trending sideways today. The fear and greed index is currently at 74, up from yesterday's 72, while the stoch RSI has declined but hasn't yet entered the oversold area.
BTC's price appears to be forming a double top pattern as mentioned yesterday. However, from another perspective, BTC also shows signs of forming a cup and handle pattern, which is a bullish pattern. If this pattern is valid, it increases the chances for BTC to pump to the 76K area.
Stay safe, keep calm, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
BTC's price appears to be forming a double top pattern as mentioned yesterday. However, from another perspective, BTC also shows signs of forming a cup and handle pattern, which is a bullish pattern. If this pattern is valid, it increases the chances for BTC to pump to the 76K area.
Stay safe, keep calm, always maintain your risk, and as always, that's all for today's crypto update.
I'm Akki, signing off with one chart.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.