What is an ‘inverted cup and handle’? An ‘inverted cup and handle’ is a chart pattern that indicates bearish continuation, triggering a sell signal. Think of it as an upside-down cup and handle. If you look at the regular cup and handle pattern, there is a distinct ‘u’ shape and downward handle, which is followed by a bullish continuation. This means the inverted...
Crypto Market has no strong confirmation of reversal. Bitcoin volume since one month looks low and a bit worrisome. Until it is in the channel and a good bounce back from 28k $ level will pick the market momentum, a breakout on downside will test 19K $ and blood bath will witness once again. Key SAR level are R1 / R2 : 36k$ / 41k$ S1 / S2 : 28k $ / 19K$
Redistribution, the Evil Twin of REACCUMULATION. ITS JUST AN INVERSE PATTERN OF BTC 2020 Q4
30K is a crucial level for BTC. A close below that can lead to 28k levels which are the major major levels. Below that can be a start of a proper bear trend.
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...
If the high of 36624 is not broken , I am expecting a strong downfall up to sub 20k levels. All analysis if for educational purpose only.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
As u can see on the chart ... BTC has given multiple pattern breakout 1) Rounding bottom 2) Inverse Head and shoulder 3) Trendline breakout (with good volume) Currently it has given the breakout and Retesting it .. Levels are mentioned in the Chart It can be bought at CMP with SL mentioned in the chart with immediate Target of T1 for Swing Trading Also, if...
Currenty BTC bounced of from 400 EMA and now trading very near to that. The yellow dotted line is a major support which have not been tested for a very very long time. If this support is broken and starts trading below that tehn we can finally say that BTC is in a bear trend. Stay Cautious
BTC DOMINANCE BEARISH FLAG PATTERN
#BTC (Update) Technical analysis: Hello everyone, welcome to this quick update:- 6th Consecutive Weekly Candle Closed Above the WMA50 ✅ So far Bulls Defending the WMA50 (30932) But If Weekly Candle Closed Below the WMA50, Next Stop would be 24k.. If Bitcoin Remains Above it, Bitcoin Might Bounce Back towards 60k (Previous HIGH) ❤️ If you find this helpful...
BTCUSD is looking good as per Level Marked on the Charts. CMP 34500 Support is around 28500, target 41000 but with Trailing SL (Target Doesn't means that hold the trade till target)
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (32380). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . BTCUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a...
Bitcoin looking bullish near 34000-34200, Target will be 36000 & 40000 USD. SL will be 32500