The action in Bitcoin (the past couple of days have been choppy to say the least. Are we gonna break up or down?
Looking at the overall pattern on a smaller timeframe, we can see that we have clear resistance levels to break to the upside, while there is steady accumulation from the bottom.
What does this mean?
Typical for ascending triangle patterns, they ...
Ascending triangle with similar tops and higher bottoms. Wait until it is broken to the upside or downside. Such triangles can be bullish (usually) or bearish, so one needs to wait for breakout for a better entry. With recent events around Musk and still a poor balance sheet, I feel that the resistance around $390 has become too strong and Tesla stock will tank in ...
We have been looking at BITMEX:BCHU18 downtrend and on the denoted blue square we can see a daily downtrend line broken and used as support. The best long opportunity would've have been the re-test on 16 August 0900 Eastern Standard Time. BITMEX:BCHU18 just started an uptrend and volume is picking up on the whole cryptocurrency market. We believe that a break of ...
The GBP/JPY pair is in a strong downtrend in longer timeframes.
The bulls tried to put on a show but was bogged by a head and shoulder and then they tried to resilient effort to revamp a buy trend but the neckline of head shoulder is acting a strong resistance.
But, an ascending triangle is in the making just below the neckline. The breakout either above or below ...
We are currently in a big ascendig triangle formation (green line + 0.5 Fib/white line)
Option 1 (O1/red):
So first of all lets talk about the less likely option that thing can play out.
If we break through the green line we can fall all the way to the 0.618 Fib, where I definitely expect a bounce of this Fib.
We bounced many times of this support, meaning it ...
Doubtful SPX 0.32% can fill Friday's gap. Curving over now after a tiny subminuette 5 wave reactive bull impulse.
Expect lower by day's end and a break sometime this week.
I'm not an investement advisor this post is for education only, good luck!
This is just a quick follow up idea on my "How To Trade BNB" post.
But this one is for BNBETH.
I know I used a lot of Fibs in this analysis, but they worked very well in the past for this pair.
We are in a very strong uptrend/channel right now.
Using the Fibs you can easily see an ascending triangle formation (same idea as in the main post).
The orange ...
Dear all,
I'm entering BTG with tight Stop loss:
- Price in the Apex of the falling wedge
- Current pattern is bullish (ascending triangle)
- $22 Support tested OK
Targets on the chart.
All the Best from the Crypto Space
Alteroc
Not a Financial advise, be a better trader tomorrow than you are today by DYOR
If you liked the idea press the like button :)
ascending triangle calculation. bytecoin looks ready for a good move to the upside.
personally I think .38 will just be an inflection point for bytecoin on the way to higher prices as the world economics of crypto takes hold.
the peoples money movement will separate money from state. no state is exempt.
governments may want to consider making it attractive ...
So Netflix formed a perfect Ascending Triangle last week when it broke out. Unfortunately I missed this trading opportunity so I'm looking for another entry point. The TD Sequential indicator has just ended on a 9, so I am anticipating a 1-4 day correction before we move back up. It's also very common for the price to breakout from bullish patterns and then retest ...
Formation of a bearish ascending triangle on the 1H chart.
In the shorter time frame we are seeing a formation of a bearish ascending triangle too. But this might be a good opportunity for swing traders for some days in this week and the coming one. Bitcoin is now in a sideways move for now but the momentum seems to be in which it is moving sideways and will try ...
See chart. Minor retracement with clear wedge formation- ascending triangle before a further break down. Not enough bulls to fill Friday's gap.
Im not an advisor this is not advice, just fun education post, good luck!
