BTCUSDT
👉 Trendline Analysis: BTC has been consolidating directly underneath the resistance zone - BULLISH
👉 Candlestick Analysis: Three white soldiers in the 2W timeframe - BULLISH
👉 Technical Indicator Analysis: Price has cooled down after being "Extremely Overbought", moving averages holds - BULLISH
Technical Indicator Monthly Timeframe:
Technical Indicator Weekly Timeframe:
There is really only one concerning matter, and that is from a potential near term scenario:
❗ Pattern Analysis: Potential for M-Pattern to form, medium risk: BEARISH
The candle closes of the next two weeks are crucial in determining how this pattern will play out.
For further reading, here's the initial Elliot Wave analysis on BTC:
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