Innotrade_AJ

BTC made BART Simpson Pattern and looks still BULLISH. IF WE BREAK the important Point of Controls (you can draw it in Tradingview) we go higher and make new All-Time-High. Otherwise to 89k and than 75k.

Too much Futures trades. And also in BTC1 Futures there is GAP. GAP's will be filled normally. Check also Liquidation Heatmap. There is big Limit orders in this Level. Disclaimer: It's for educational purposes only and not for trading advice.

We can see a promising **Cup & Handle formation** on the TAO/USDT daily chart. The Cup & Handle pattern is known as a bullish continuation signal, indicating the potential for a trend continuation.Before we continue please Boost this Post and Follow my Page to get more Chart-Analysis🔴 **Cup Phase**: The "Cup" began forming when the downtrend halted, and a bottoming process started, followed by a gentle upward movement that shapes the form of a cup. The volume during this phase was relatively steady, indicating slow consolidation.🟠 **Handle Phase**: After the cup formation, we see a slight pullback, which forms the "handle". This movement typically indicates a final retracement before the price attempts a breakout to the upside.📊 **Key Fibonacci Levels**: We are currently hovering around the **0.618 Fibonacci retracement level**, which is typically seen as a strong support zone. A successful breakout above the handle could indicate a bullish move, with the **extension levels** being potential price targets.⚠️ **Key Levels**: A breakout above the **815.3 USDT** level could signal a continuation of the upward trend. On the other hand, a break below the support around **429.0 USDT** would invalidate the pattern and may lead to further weakness.**Entry Point**: In current Retest Price: 460-475🌟 **Potential**: A successful breakout from this pattern could trigger a strong buying signal and pave the way for new highs. The target for this pattern could be based on the cup’s height and Fibonacci extension levels, aiming for **1,220.9 USDT** or higher.---"Always trade with caution and manage your risk! This is not financial advice."---**Disclaimer**: This analysis is intended for educational and informational purposes only. It should not be construed as financial or investment advice. Trading cryptocurrencies involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions. Past performance does not guarantee future results. You are solely responsible for your own trading activities and decisions.#TAO

In this analysis, Bitcoin appears to be in a distribution phase, as described by the Wyckoff Method, coupled with a Bearish Rising Wedge pattern, which suggests potential downside ahead. Here’s a breakdown of the key points:FOLLOW ME here in TradingView to become more Analysis. It's good for me. Thanks!Climax:The Buying Climax (BC) marked the peak of the upward momentum, where buyers exhausted their strength.Automatic Reaction (AR):After the BC, the price saw a sharp correction, defining the lower boundary of the range.Secondary Test (ST):The price revisited the range high, confirming the resistance zone and showing weakness at the upper levels.Upthrust:A false breakout above the resistance zone trapped buyers, further supporting the distribution narrative.Bearish Rising Wedge:The price action formed a Rising Wedge, a bearish continuation pattern. A breakdown below the wedge could trigger a move towards the $82,000 support zone.Possible Scenario:Breakdown Confirmation:A breakdown from the wedge combined with increasing sell volume could lead to a sharp decline.Target Zone: The immediate target lies around $83,000, with potential further downside if the distribution phase completes.Key Levels to Watch:Resistance: $94,000 - $93,500 (false breakout zone).Support: $82,000 (range low). **Disclaimer:**This analysis is for **educational and informational purposes only** and does not constitute a recommendation for trading decisions or business activities. Please conduct your own analysis and consult a financial advisor if needed before making any decisions. Cryptocurrencies are highly volatile and carry risks. Trade responsibly.