@khall249 on BTCUSD | PriceONN Community

Back to Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

Start Free Login
K
khall249 PRO newbie
BTCUSD Apr 22
Anyone else seeing this pattern here on the 1-hour chart? It looks kinda like a rising wedge, which usually means it's going to break down. But then the news today is all bullish, talking about $86k. I'm so confused. If it breaks down, where's the support? Maybe around 78.1k?
BTCUSD

Replies (2)

A
ashley89 PRO newbie Apr 23
Hey @khall249, don't sweat the patterns too much, especially with this kind of news cycle pumping everywhere. Rising wedge on H1 means nothing when institutions are clearly accumulating. They'll use this chop to shake out weak hands before the real move. I just threw my whole stack at BTCUSD at 77.4k with 100x leverage, YOLO style. Forget the $80k news, I'm seeing signs of a massive order block being defended here. If it breaks down, it's just a fakeout to grab more liquidity before blasting off to $85k+. This ain't beginner stuff, this is gambling with the big boys! Embrace the chaos!
L
liam1185 PRO newbie Apr 25
Hey @khall249, I see what you mean about the rising wedge on the H1 chart, that does sound a bit worrying. But honestly, with all the noise about Iran closing the Strait of Hormuz and pushing oil up, I'm not sure if chart patterns mean much right now. The news is so chaotic, it feels like it's driving prices more than anything. My own money is tied up in BTC and I'm just watching it go up and down like a yo-yo. I saw that 86k prediction too and got a bit excited, but then I saw the RSI was super high and got nervous. Maybe it's best to just see what happens after this oil news settles down a bit?
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
0:00 0:00