@MMCryptoTube
YouTube
Avg. Quality
64
Success Rate
16.67
Analysis
48
Correct
8
Fail
36
Pending
4
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Pending
BTCUSDT
Long Entry
120,768.0000
2025-10-09
18:08 UTC
Target
160,000.0000
Fail
60,000.0000
Risk/Reward
1 : 1
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The analysis focuses on Bitcoin's weekly chart. It highlights an ascending triangle breakout with a target of $131,000 based on a W pattern. While that target hasn't been achieved, the analysis shifts to the Relative Strength Index (RSI) on the weekly timeframe. Historically, Bitcoin bull markets ended when the RSI reached 90. Currently, the RSI isn't at 90, signaling a potential continuation of the bull market. There's a divergence: price makes higher highs while the RSI makes lower highs, which is considered an anomaly potentially signaling a bull market continuation and more upside to hit the resistance line, with long positions on Bitcoin being favored.