A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a...
Buy Signal in 1 Hour Chart and Magnet giving crossover for Up trend
BTCUSD formed a head and shoulders at the third extention (63k). The target for this formation (32k) was reached last week. Since then, BTCUSD has sprung off the first extension from a Wyckoff accumulation pattern, currently in Phase C. Following a retest of 33400, a good surge is expected. To be updated...
1/ Entered just below the swing high at $35,350 ish 2/ Hoping to tag the 1-hour bullish order block's high at $32,935 3/ Love the R:R, let's see what happens As always, none of this is financial advice and should be construed as one. DYOR Not Financial Advice (FA)
1/ Bitcoin price has perfectly bounced off the demand zone ($28,796 to $31,037) 2/ Investors can expect this rally to sweep above the local top at $35,500. 3/ Possibility of BTC hitting 62% Fib at $36,569 or 70.5% Fib at $37,632 should not be ruled out. 4/ An opportunity to position for a short trade might arise at the two levels mentioned above. As always,...
1/ Bitcoin price is failing to hold up. 2/ As a result, the recent rally is getting undone. 3/ Expecting a bounce from the demand zone ($34,592 to $35,744) 4/ Or in some cases a double bottom at $34,750, which is the confluence of the demand zone and the buy zone ($33,156 to $34,915). 5/ The first target would be the range high at $41,322; then BTC might target...
Bear phase crucial landmark for crypto markets, history will be made today, are we going up finally or this bounce back will be eroded later on ? Chart Coutesy: 10xBulls
Bears continue to dominate the crypto markets as almost all the major crypto assets fell by more than 7% in the last week. BTC formed a weekly bearish candlestick pattern with ~ 9% decline, also, BTC witnessed is its 6th consecutive week of institutional outflows. However, it is still holding the $30-$31K support zone and at the time of writing, BTC is trading...
BTC witnessed a volatile last week, from its low of $31K to close the week above $39.3K. On the weekly TF, it gained by ~9% and formed a Hammer candlestick pattern which depicts reversal is on the cards, mainly backed by positive news from El Salvador which have adopted BTC as a legal currency. At the time of writing, BTC is trading slightly above $40K. Bitcoin...
$BTC|USDT Once Again, BTC Got Rejected From TrendLine Resistance At 38500$ (approx.) Also Breaking Down The Support Level At 36500$ (approx.) Flipping It Back To Resistance, Approaching Towards Next Support i.e., 34500$.... If 34500$ Support Didn't Hold Then , We Likely To See a Free Fall Towards Liquidity Raid📉With A Possible Long Wick....
Bitcoin is looking ready for a reversal. The only question that you should be asking yourself is "buy now or wait for a dip to 70.5% Fib at $33,870?" As always, Leave your thoughts in the comments! Feedback or questions are appreciated. DYOR Not Financial Advice (FA) P.S. In case, the high probability reversal doesn't take place where it should, expect a...
volume missing .. H&S ON 4H RSI , with right shoulder at lesser height ...fall is imminent within 8-12 hrs
$btc needs to break this resistance and sustain above it for bullish momentum if it fails then price will next could be drop to lower level of triangle,need to monitor closely before opening any position
bitcoin chart is forming bilateral symmetrical triangle Symmetrical triangle can either be bullish or bearish, Symmetrical triangles form when the price converges with a series of lower peaks and higher troughs but if we look BTC daily and 4hr chart, then overall trend is bearish So there is more probability that bilateral symmetrical triangle can break down....
BINANCE:MATICUSDT Possible Short Scenario in Matic Shared my view on Matic One can build his/her position accordingly
Details are explained in the chart. Stay alert in getting and out of position. BTC at crucial zone! 25/5/21 - Below all major EMA (negative) - On weekly taking support from 100EMA (keep on watch) -Trend reversal only on decisive close above 44700 - Downtrend continuation below 34000 on closing basis - VOL is heavy on downside (negative) - Long wick candle shows...