Bitcoin heads into a make-or-break week, and Gareth Soloway shows the exact bull flag level that decides whether BTC breaks out toward $97,000 or flushes toward $75,500. Video by Gareth Soloway.
Bitcoin has gone sideways for a couple of weeks, but the chart is tighter than it looks. Gareth draws the breakout line across the daily highs that have stalled near $87,370 since late September and explains why a push above $87,500 is where the stops get taken out. Then he pulls out the measurement tool. The first leg of this rally ran about 31%, nearly $20,000, and the measured move off the base lands right at $97,000, the same spot as a prior pivot high. Two factors, one target.
"New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!"
Learn more >>
Then comes the bear case, because a good trader always knows both sides. Gareth labels the pivot point near $81,500. As long as Bitcoin holds above it, he stays bullish for a breakout. Lose it, and $75,500 comes into play, with $67,000 below that if support fails.
On the altcoins, Gareth covers Ethereum's must-hold daily close at $2,545 and its $3,000 upside target, whether Zcash is building a bear flag or setting up a double-top retest after he covered his short for large gains with Smart Money Crypto members, and Solana's bullish pattern. He also explains why he always uses limit orders in crypto and never chases.
Probability over emotion, being the casino instead of the gambler, and why following the charts beat chasing fear and greed.
Visit Trading Platform >>
