How to Trade a Descending Triangle Descending triangle pattern is a type of chart pattern often used by technicians in price action trading. The descending triangle chart pattern forms at the end of a downtrend or after a correction to the downtrend. The descending triangle pattern is the opposite of the ascending triangle pattern. This pattern is known as the...
OANDA:BTCUSD this rally started from 4000$ and now it might take pause near 30000$ as per this one of strongest harmonic pattern. so whoever hold it since long can book if find reversal and one can short as well as per their trade set up.
Wait... Don't get too comfortable... Remember that one? Retraces and corrections have been non-existent for Bitcoin... Or better yet, short-lived. We are seeing strong consolidation take place near resistance. When prices are going to drop, they drop. Staying near resistance is a signal of strength. Based on this chart, BTCUSD 1H, we are likely to see higher...
BTCUSD is expecting to reach at $29,000 & has the potential move to the upside. US dollar Index is weak & things correlating well enough. On 15min formed consolidation. Expecting to move to the upside. Have a great weekend!
We've been seeing Bitcoin (BTCUSD) doing incredible numbers this entire year basically... Retraces and corrections have been non-existent, maybe a few red-candles or one long lower wick and then more growth... Something similar can happen again. The next resistance is now set at $28377 which is yesterday's high... On the daily timeframe, we continue to look...
bitcoin may up 30000 and above my view Fibonacci extensions calculate 31600 aprox with in one year
We can expect a move to an important Fibonacci level of 2.618 which comes at 30500 for Bitcoin
BTCUSD Hourly chart. Expect BTC to take further direction as per the breakout or breakdown of this triangle pattern.
ITS TOO SOON FOR BTC TO GO THIS UP IT WILL NOT SUSTAIN ABOVE 20K FOR LONG TIME I DO NOT RECOMMEND TO LONG OR SHORT JUST HOLD IN SPOT WALLET