TonyTheBullSeverino

Bitcoin BTC CME Monthly Candlestick And Trend Line Analysis: Interesting Take

In this video, I take a trend line and move it around to show a couple different versions of a pattern - one that's bullish and suggests a bottom and a possible move up, and another that's a bearish retest

I also cover the monthly Morning Star and what levels would need the monthly to close above or below to be bullish or bearish.

Bitcoin Monthly Morning Star Pattern: Bullish Reversal Pattern, But Beware

As you know, I don't believe the bottom is in for the bear market. But bullish signals are building.

The Morning Star on the monthly is VERY significant especially with it forming at a former resistance possibly turned support

The problem here is that Bitcoin found resistance at the April 2025 low currently, something that didn't exist in 2022

In 2022, the Morning Star was part of a range deviation and reclaim. IMO, it was very obvious

This bottom is less obvious but that might mean anything

However, what does mean something is that these patterns PERFORM best when they arrive at the bottom of a downtrend, or during a bull market to continue an uptrend. The second chart shows this in the teal boxes

There was also a Morning Star on the monthly right before the COVID collapse

If we are potentially looking at another global economic event, this would make sense

I've long been expecting an X wave as part of a double zig zag