Bitcoin is printing a bullish ascending triangle on the shorter time frames and currently playing out within a broadening wedge which is itself within a larger broadening wedge so there is potentially further room to the upside for btc and a lot of room to the downside if we drop below SMA200 on the weekly.
The target of the ascending triangle is around 5% to the...
Good morning, traders. As I discussed was most likely to happen, during yesterday morning's live stream, Bitcoin dropped down to the $3200/3300 level depending on which exchange you were monitoring. There wasn't any immediate pop back up though so price bears closer attention at this time. The 1D chart shows a nice descending wedge and the 30 minute shows an...
TRADING STRATEGIC
BINANCE:DCRBTC
Chart Analysis:
-Chart Time frame: 1D
-Time Frame: 3D
I have been observing this coin over days, slowly but surely has been growing upward momentum, forming a ascending triangle. It also has formed several upper long wicks which can be interpreted as strong rejection or buying power vs small liquidity, meaning players are...
ADA is holding within its ascending triangle pattern on the price action, but the RSI triangle it was in has broken down, indicating we could see the price action start to follow before too long. I'm watching for a sustained break below 980 to confirm the break-down of this ascending triangle pattern. the 0.5 fib level around 960 and the .236 fib level around 930...
Here we see two options;
1) a Long opportunity using the Ascending Triangle Pattern.
Here we will wait for an upward break back into the support line.
We then anticipate a rally up towards .72800 and prepare our entry and exit strategy.
2) a Short opportunity using the Double Top strategy.
Price retests resistance line twice but is rejected back to...
An ascending triangle is formed in the 1 hour chart.
However, MACD shows that a possible bearish divergence could happen.
Still waiting for confirmation
Disclaimer: this is not a financial/trading advice.
Good luck to you all!
I see 2 opportunities to go long if the structure holds. First, within the ascending triangle there is an opportunity to text the horizontal resistance. If it breaks this resistance in my opinion the bulls can push the price all the way up to 1.14220.
potential price may rise.
In short term, symmetrical triangle form has complete. Maximum target will be $155.00 ~ $165.00.
If price falls below 116.00, price may turns into bear market. Risk management is the key.
If you are late in entering the market, you can enter when the candle has break out above the ascending pattern.
Hopefully this is a good thing for bitcoin :)
It's making an ascending triangle right now but most likely the price will just fall through the triangle to retest .295 fib at least.
Original idea by Sid
Gold has been bearish since 2010. From 2016 Gold slowly picking up. Current market clearly shows the market is in rising ascending triangle pattern. Also price may follow pitchfork trend line.
Overall Gold market may look like bear market but I personally think it is continuation of bull market. once we have clear break out of ascending triangle, we may see...
