Bitcoin forming an ascending triangle in H4 timeframe what we see a potential long position toward $31k.
To view in H1 timeframe, Bitcoin break up this structure forming a lower low in this downtrend line in this chart, what bulls made confirmation that want to lead the price to the new higher high.
In Daily timeframe still bullish, but we can to see...
We recently broke down from our small ascending triangle (blue lines) and hit the target shortoy after perfectly! (White dotted lines and yellow horizontal)
We then quickly bounced upward to retest the bottom of the triangle, which looked like rejection!
Currently looking at other possible plays. Mainly a upward parallel channel (green lines). As you can see...
Hello! Yesterday I posted an idea based on ascending triangles that turned into a pretty good trade (link below). In this idea, you can see that one included as well. The first set of triangles was yesterday's setup. Today's idea shows another set of triangles that have formed and they are nearly identical to yesterday's. I'm going to leave my long open for now....
You can see very bullish looking, clear cut ascending triangles that would point to a breakout very soon. Seems so obvious, too good to be true almost. I find crypto rarely does what seems most obvious. I'm suspicious of these, though, I still gotta lean bullish on this one. They're too perfect to ignore!
This pattern on the weekly chart of NZD/JPY resembles a mix of ascending and symmetrical triangles and provides a bullish breakout trading opportunity. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line. My potential take-profit level is marked with the green line. The stop-loss is to be set to the triangle's...
- There looks to be the early stages of an ascending triangle forming on the US Oil chart.
- Since the previous trend was down, this ascending triangle should be considered bearish.
- Measuring the height of the triangle's base projected downward from the break-out point near the apex of the triangle, puts price at around the $66 mark.
- Break-down achieved by...
On the chart of LKQ, we can see a forming ascending triangle and we can see hidden bullish divergence on daily timeframe.
An ascending triangle is a bullish formation. The pattern gets validated when the price breaks out of the upside of the pattern.
By using the Relative Strength Index we can hidden bullish divergence.
A long position can be taken when the...
Buy/long Bitcoin at 17600, because there is an unfilled GAP between the previous candles. It's the start of the huge parabolic uptrend, and the bulls will most likely defend this level!
It looks like Bitcoin is going to reach levels above 25000 after we fill the GAP and complete this Elliott Wave corrective pattern (ABC). Currently, we are in wave B.
Why...
Interesting formation on the ETH monthly chart - forming what looks to be an ascending triangle.
Typically asc. triangles break upwards, could take time to play out.
Just an observation, not a trade plan.
1. Breakout resistance zone with gap on earnings day.
2. Confirmation of resistance turning into support.
3. Fly to next support zone.
* 𝗧𝗵𝗲 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝘀𝗵𝗮𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗶𝘀 𝗽𝗼𝘀𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗱𝘃𝗶𝗰𝗲. 𝗔𝗹𝘄𝗮𝘆𝘀 𝗰𝗼𝗻𝗱𝘂𝗰𝘁 𝘆𝗼𝘂𝗿 𝗼𝘄𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗶𝘀 𝗮𝗻𝗱 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵.
This is a bearish technical analysis of Bitcoin. It's supported by technical tools, and I am not saying this is going to happen; this is just a scenario because we need to consider all possibilities.
First of all, we need to take a look at the bearish wave from November 2021 to November 2022. It definitely looks like an impulse wave; it's pretty obvious, but I...
swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
First, Bitcoin is going to drop to 21833 or even a little bit lower at the start of the week, probably Monday or Tuesday. After that, we should see a massive pump to the upside to fill the previous unfilled GAP, which is around 23395.
The bulls should step in at around 21833 because, technically, we will finish the ABC correction from the Elliott Wave...
I copy pasted the previous cycle chart and it literally looks like a copy. I am long here, I have confidence that we will definitely not go below 20k. The indicators are also the same, with 1D close to resetting; I expect us to top out at 35k around May 2023.
The new monthly candle is closed as a DOJI. This is one of the most powerful reversal candles that can happen at the end of a trend. The previous candle from January was a huge green candle, so this DOJI from February is an indication of bullish exhaustion. The bulls were not able to continue the uptrend, and the bears stepped in. This is the psychology behind...
It looks like Bitcoin has completed the first bullish impulse wave, which is a very positive sign for the future, but right now the correction is in progress.
As you know, from the Elliott Wave perspective, wave 2 corrections are usually deeper, especially in crypto. 0.618 FIB or even lower is a classic retracement, and because we have a huge unfilled GAP, this...
