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Bitcointrading

Inverted Cup and Handle Pattern: A Bearish Technical sign......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 cup and handle is the opposite of the regular cup and handle. Instead of a ‘u’ shape, it forms an ‘n’ shape, with the handle bending slightly upwards on the chart.
Short
by cryptocult-OMC
BTC Multlple Pattern Breakout 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 it breaks T1 with good volume... it can go up further and you can Hold it long Note: - I am still newbie .. and learning all the stuff ... Please correct me if i miss anything Disclaimer : - This is not an investment advice, Just for Education Purpose only .
BLong
by r-ya
BitCoin – Next Tulipmania?BitCoin – Next Tulipmania? Selling Pressure is seen in BitCoin after Elon musk announcement. Chart is around its major support level. If 39520 breaks on weekly basis then Prices will easily reach 26650. Extended target can be 19100. If the above condition fails then good reversal is also possible from current level. So keep your stop losses as per your risk reward. Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
CME:BTC1!Short
by SagirKazi
Bitcoin Has a Good Head on Its ShouldersIn a range for a few weeks, Bitcoin is just letting off steam and draws us a head and shoulders pattern. Between Tesla's Technoking warning and possible general tightening of regulations across the world, nothing is going well for the queen of all digital currencies. Nothing? Not quite. Bitcoin has so far shown great resilience, foiling any negative news. I remain strictly bullish above the pivot area of ​​43000. The bearish head and shoulders pattern has not yet been validated, but it nevertheless invites us to be cautious. I thus reduced the size of my positions in order to minimize the risk. If the pivot area and the pattern's neckline are crossed, I will go neutral by buying supports and selling resistances. I will not hesitate to buy a possible rebound on the support area of 30000/28000, which corresponds to the objective of the head and shoulders pattern. Under this zone I will place a stop order below which I will become strictly bearish. Of course, this is only my opinion ;)
COINBASE:BTCUSDLong
by chrysalexandre
BITCOIN triangle breakout was expected 64k will be next targetBITCOIN The recent bullish trend has given a strong confidence in crypto investment. Bitcoin has managed to break the 60k level and felled back again below 60k level Currently it was trading below the 59k level.At this level we can see a consolidation phase for the past 3 days soon we can expect a breakout here. I have identified one triangle formation here which is a clear sign of upcoming breakout on either side.On downside 50% Fibonacci will hold BTC in remain in Bullish territory while writing this analysis the price is just above the 61.8% Fibonacci level this will also provide support for bullish trend. The 50,100,200 Exponential moving averages was acting as support for bull.Ichimoku cloud is still green and proving cloud support.Bollinger band was slowly constricting a but which is a sign of either side breakout. RSI is well above 50 level,MACD is still green and the band was minor only. Stochastic has reached around 75(short term fall was expected) Trend line drawn from 11/03/2021 will act as dynamic support and resistance for both the bull and bear. 54K was acted as clear support for bull twice. We can buy while retracing towards 50.00% Fibonacci if we missed this chance we can also buy after clear break and retest. The possible upper side target was 64k. Trade call Buy @ 57500.00 Take profit @ 64000.00 Stop lose @ 57750.00
BITSTAMP:BTCUSDLong
by forexorbit