BTC forming an ascending channel be careful if you’re looking for a bounce until we reach something closer to 10.6-11k where there is more support. ALT’s in general are bouncing of long term support lines are a big sell off going into the weekend.
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Weekly Trade Review #56: Trading Lessons +...
Bitcoin (XBTUSD,BTCUSD) got strong support in a violent way, out of many people's exception. Whether it was manipulated by whales or not, a Demand Zone is out there: 9100 - 9500.
Signals:
Double Long Wicks in 1H
Blue in 4H Ribbon of "9 Seasons Rainbow Multi TimeFrames Pattern": which indicates strong support
Expectation for Later move:
66.6% The Support will push...
Bitcoin just bounced from the support as I charted 2 days ago in the idea "Bitcoin's Support, Resistance & Ascending Channel for Next Week".
The Ascending Channel is maintained pretty well, while the upper Resistance is lowered a bit to 4000 USD (Bitfinex:BTCUSD).
A new Trend Line is added, which might be a new Resistance.
Before the bounce, OverSold(Blue)...
The price has broken the ascending channel so we are expecting it to close below the support zone in order to confirm the change of trend and enter the sell.
There are 3 high highs but with MACD divergence so we are expecting it to change the trend in order confirm the sell. Look for the Fibonacci levels for confirmation as well.
Comment your thoughts!
On the weekly/daily time frame GBPAUD has been in a rising channel of which i'm expecting price to drop off from, there has been loads of good EMA rejections therefore signifying this should be the turning point for the down trend to continue. 4hr 50EMA has had a nice rejection and so has the daily 50EMA. On the 1hr chart 30EMA hit is where i entered and in a good...
XRP Has broken the ascending triangle pattern successfully.
Go long around with Targets around 3210-3270-3340 Sats.
Buy around- 3100-3140 with a stop loss around 2 % on Bitmex.
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NOTE- This is for educational purpose only not investment advice.
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Advanced Micro Devices Inc is currently in an ascending channel, enhanced by Fibonacci.
We now see a strong support around the 0.236 level, which seems to be working with a powerful, 200 EMA support as well.
The current trend is bearish, shown by a Head and Shoulders pattern, but will become bullish if it bounces off the strong support zone.
Feel free to follow...
Starting from the abrupt selloff and recovery we seem to be in an ascending channel for the time being.
We haven't been able to breach and get a close at the major resistance line at around 12,750 yet so there's still potential for upside movement with target range between 13,500 and 13,900.
The descending volume is something to keep a close eye on as there's a...
Triangles, Ascending Triangle, Descending Triangles and Ranges are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the...
The counter is in an ascending channel formation.
The pair reached its supportive trendline and then bounced back with a pin bar and follow through the bullish candle.
Hence, we expect the pair to be bullish and reach the resistive trendline for now.
The US President has managed to bring the Chinese deal makers once again to the table and it is set to make a positive impact on the dollar.
Further, the pair is in an ascending channel formation and it hit its resistance mark at the resistive trendline.
Now, the pair broke the critical support of 1.13487 and made lower low formation, which could make the bulls to...
Is Aion going to fall into the Abyss or Moon because of BTC sell-off...
At the moment it looks like we are in a Bear Flag but with Bitcoin in a Descending Triangle are we in for some profits?
What's your opinion?
Que Marv Albert "YESH!" The moment ADA rubes have been waiting for appears to have arrived. ADA has been printing a nice Ascending Triangle Pattern for weeks. Today has given us the candle that appears to be breaking clear of the .10 cent meat grinder.
Looking back over other Crypto's (BTC, ETH, LTC, etc) that have cleared the top line of Ascending triangles...
Two versions of possible outcome from this ascending channel. I more likely stand for the orange version. The yellow line is ascending trendline since last channel breakout, working as possible support and pushes price up, till new breakout from actual ascending channel.
A clear ascending channel that has been broken and has been retested on the 1hr time frame with a bearish pin bar.
Market structure has changed and now potentially created a lower high. This change in market structure has now potentially created a price reversal pattern, a head and shoulders.
I will be waiting for price to break the 0.8877 level ( kneckline),...
price broke out of the ascending channel to the downside, with a significant 4HR bearish engulfing candle close below the trendline, could expect further momentum to the downside, targeting the 0.8800
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