BTC formed a symmetrical triangle on 4H timeframe and currently it's retesting the support. On chart I have drawn some levels and have given the appropriate heading, so I thing it's very clear what I'm saying.
Target - approx. 68k
I have another idea on 1H timeframe.
BTC is forming a Symmetrical triangle which could lead BTC price to $46777.5 approx. I have published a idea of Rising wedge, if that's plays out then I believe this Symmetrical triangle will play out evantually.
BTC is forming a potential rising wedge (Yellow lines) and if it plays out then the target would be $41500 approx.
Currently its facing resistance (Purple line of deseeding triangle).
BTCUST moving accordingly to Rising Wedge but Yellow horizontal line working as Resistance and Red horizontal , White and Orange dashed Ascending line as Support.
This is just Short Term scalping.
If supports break then Price would be around $31.15k
Eth is forming a Head and Shoulder pattern and it breakout already.
Testing the Horizontal green line was the confirmation, the technical target is $2059.65 but there is falling support line according to that I thing target is around $2155.46.
I show a Bearish Divergence ( Between Blue Vertical line).
Comment down your opinion about this pattern.
What if we ignore the perfectness of pattern, just go according to the rough shape that we are seeing in this H&S pattern.
I also found the Bearish Divergence (Between Blue Vertical lines).
Comment down your opinions.
