According to Miles Deutscher (@milesdeutscher), traders can leverage ChatGPT for cryptocurrency technical analysis by following his detailed, step-by-step guide provided on Twitter (source: https://twitter.com/milesdeutscher/status/1932498124117061962). The guide outlines exact prompts and workflows for analyzing crypto chart patterns, support and resistance levels, and trend identification using ChatGPT. This structured approach can help traders automate TA tasks, improve decision-making, and potentially increase trading efficiency, especially in fast-moving markets.

According to Milk Road (@MilkRoadDaily), a significant green candle formation was observed on the Bitcoin chart, indicating a sharp upward price movement and renewed bullish momentum in the cryptocurrency market. This price action typically attracts increased trading volume and can trigger further upward volatility as traders react to breakout signals and potential resistance levels. Such strong green candle formations are closely watched by crypto traders for short-term trading opportunities and trend reversals, as highlighted in the referenced tweet by Milk Road on May 13, 2025.