The Price formed a flag and the resistance level is a strong one, so the Price has bounced back 4 times.
The rupture of the flag confirme the change of trend
RSI divergence is shown in the graph
So far this long term short trade is going very good, caught a decent first entry and a perfect second entry (yellow circles). Now there are 2 things i will watch:
1) If we move up and break the red zone, i will close half and wait for a re entry.
2) If we drop and break that big green support zone, i will increase 50 to 100% at the yellow circle. So after...
On the weekly total crypto marketcap chart we are currently either still in a symmetrical triangle that could also be a bear pennant, or currently up out of both a daily falling wedge (in yellow), as well as the much bigger weekly falling wedge (in green). Bullish and bearish price target projections are posted accordingly and are color coordinated with their...
Almost everyone has noticed the bad news about the KHC, which is owned by the legendary investor Warren Buffet. The fundamental analysis could still point to further weakness, but the technical analysis might be a bit more optimistic.
We can see some nice patterns on the shorter timeframes (1H-4H). After the big drop, a consolidation triangle had formed, which...
We can see a basic bearish wedge/flag here, with volume dropping during this rally. Also against a big resistance zone now. So i am going to short it here and will increase if the wedge breaks and prob increase if the low breaks as well. This position is something i will prob keep for several months.
Nasdaq seems to be in the making of a double top pattern. But it is very important that the bear flag on the right plays out. Otherwise, the double bottom pattern gets too big if the neckline does not break within a day or 2. We had quite rally already the past weeks, so we should see a correction happen soon or a continuation of the bear trend.
If the double top...
So after that channel on the right broke we got a decent drop today with good volume as well. However, what that candle does not show, there was a lot of buying volume as well after the last dip. So i am still open for bullish and bearish scenario's at this point. So that big ABC correction i have been talking about since the 3200 low in Dec, is still in play...
So yesterday we i gave 2 possible targets, one around 3200 (which would be a bear trap move) and the second around 3050 which would simply be the target of the bear flag. We saw that short squeeze happen out of nowhere, up to 3550. It was a 300 point squeeze, which usually is a big one, but it got sold off so hard and quickly again, it shows a lot of people were...
Bitcoin will soon fall to the $3200 again!
There is an obvious bearflag in the BTC/USDT chart. Which is a sign for downfall. When the lower trendline breaks, it triggers panic sellers as the downtrend resumes another leg down. Just like the bull flag, the severity of the drop on the flagpole determines how strong the bear flag can be.
I use the RSI as momentum...
I've been studying this pair for the last week, this pair is clearly trending downward and currently at a clear level in the market for a sell, risk big to make big this pair does need space on the stop loss
Litecoin' completed it's move up, but eventually got stopped inside this big channel. With a few attempts to break that bearish pattern, it failed and started to drop again to the low of this channel. On the right we can see a bear flag or triangle. With the triangle having the the purple circle as a target and the bear flag having the yellow circle as a target....
Btc price is like to go up from here to $3500ish. This is derived from previous S/R, Fib retracement and Fib extension. Then we are likely to go down based on the bear flag.
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