Bitcoin on 'Pause' for brief moment!
Seems like Bitcoin is making its moves in bullish fashion and is now exiting from the pause phase. Let me break down those phases for you: Consolidation, Bull, Pause, Bull...
On the chart, I’ve highlighted these phases:
Consolidation Phase: This is represented by a channel pattern, where the price moves within a defined range.
Bull Phase: This is the parabolic movement, showing strong upward momentum.
Pause Phase: This takes the shape of a triangle, signaling a temporary slowdown before the next move.
What’s fascinating is that all these patterns—channel, parabolic, and triangle shapes—have unfolded during the 2023–2024 bull run. Together, they form a rising channel, reinforcing the broader bullish structure.
Let’s see where Bitcoin heads next! 🚀
On the chart, I’ve highlighted these phases:
Consolidation Phase: This is represented by a channel pattern, where the price moves within a defined range.
Bull Phase: This is the parabolic movement, showing strong upward momentum.
Pause Phase: This takes the shape of a triangle, signaling a temporary slowdown before the next move.
What’s fascinating is that all these patterns—channel, parabolic, and triangle shapes—have unfolded during the 2023–2024 bull run. Together, they form a rising channel, reinforcing the broader bullish structure.
Let’s see where Bitcoin heads next! 🚀
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.