The new bull market on Bitcoin started with a strong impulsive structure, which is definitely a positive sign. We have an unfilled CME GAP at 20,000 - 20,450, and there is a very high chance that the market will fill the GAP; I would say 90%. We can fill this gap next week, next month, or next year, believe it or not. It happened during the COVID flash crash.
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It's a great opportunity to short TRX on the futures market. You can short TRX on almost all exchanges. So it's very positive!
The technical analysis of Tron looks very bearish. Descending triangles are likely to breakdown with a 60% pullback rate (retest) before continuing lower.
The uptrend from 2020 to 2021 looks like a three-wave structure. It's not...
Solana looks extremely strong at this moment, and it looks like we will have an explosive pump! But it has already begun.
From a technical perspective, we need to retest the previous blue trendline, which is at 29.8 USDT. It's also the point of control for the previous price action. This is the first profit target, and I recommend selling SOL here.
The second...
This head and shoulders pattern on the weekly chart is almost ready for a breakdown, so this is your last chance to sell XRP and save your money!
On the other side, it's a great opportunity to short XRP on the futures market, as I already did at the top of the right shoulder (see my previous idea)!
But be careful; XRP is the beast, and I know XRP very well,...
Don't be surprised if you wake up in the morning to see a massive red dildo on the gold chart breaking down the wedge. In my opinion, it's very likely.
GOLD is absolutely ready for a massive downtrend; it's going to happen very soon, so I hope you are prepared for it!
We can clearly see a rising wedge on the 4h / daily charts, which is also an ending diagonal...
Doge looks very bearish, but this coin is definitely stronger than others. In this analysis, I will tell you where to buy DOGE for a short-term trade!
Doge is not going anywhere; this coin will survive even the most hard-core crash, together with Litecoin and Monero. These first-generation altcoins are solid.
Unfortunately, the chart is printing a descending...
Bitcoin is bearish on higher timeframes, but on the 4-hour chart, BTC could reach 17,300–17,550 in the near term!
There is a massive opportunity to short Bitcoin at the top of two parallel channels or at the 0.618 - 0.5 FIB! We can go straight down to 10k after we reach this important level.
From the Elliott Wave perspective, it makes sense to complete the C...
Hello,Traders!
CAD-JPY is trading in a downtrend
And the pair broke out of the
Bearish pennant pattern
Which reinforces our bearish bias
And I think we will see
A further move down
Sell!
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See other ideas below too!
Bitcoin is still very bearish because the current price is below the main trendline and below the swing low from June 2022. I am not buying bitcoin at this moment because I feel like it is too risky to catch the bottom like this.
But if Bitcoin breaks above 21,480 USD, then I will do more research about the stock market and gold , and I may open an investment...
Continuation Pattern:
- Bearish Pennant
MACD turning Bearish
In line with EMA bearish trends
Continuation pattern
Technical indicating strong sell
High probability
TWT is a great token, but it looks like the price is too high at this moment, which is why I recommend buying the dip at lower levels!
As you can see, the chart is printing a descending triangle at the top of the uptrend. This is definitely not a good sign at all. Descending triangles have a higher probability of breaking down.
I made a descending parallel...
From November 21 to November 24, we had a pretty nice uptrend. It lasted only 3 days, and the structure of the uptrend is bearish.
As per my Elliott Wave analysis, it was an ABC correction because I can see only 7 waves, which is a typical correction with an extended wave A.
Bitcoin is the most bearish asset, and it's absolutely a pleasure to short Bitcoin or...
On ETH, the current market structure is extremely bearish. We can spot a descending triangle projection on the 4h chart, so for now the probabilities are for it to go lower.
I believe the market wants to wipe out all stop loss orders above the swing high at 1234 USD, which is also at the 0.618 FIB. This is a great level to open a short position on futures.
I...
This bearish pennant pattern has formed on the daily USD/JPY chart as a longer-term downtrend seems to have started. The pole and the pennant borders are shown with the yellow lines. The stop-loss level (the red line at 140.793) is set to the highest point of the pennant area. The take-profit level (the green line at 132.667) is set to the pole's length subtracted...
Hi dear community, I'm looking at 4h timeframe. As you see BTC has broken bearish pennant with the target 12-12.5K/Pink scenario/. At the same time it formed descending triangle with triple bottom + RSI bull div. Most of people are waiting lower prices such as 12-14K even 8-10K like they were waiting 100K+ in 2021.
I'm sure 17.5K was the real #BTC bottom like 65K...
This is a secret parallel channel that absolutely no one is talking about because it's visible only to experienced traders.
Don't be a noob and buy at the 0.618 FIB + 1.618 FIB + channel bottom like a pro (if the price reaches this level)! Or open a leverage position on futures here.
Bitcoin is the most hated asset in the world, and everybody spits on it. The...
Just exactly as I predicted in my last analysis Bitcoin just goes as expected. A bearish pennant formation on the way. Drop your thoughts on the comments section.
Price action and chart pattern trading
> A possible downtrend continuation for C-leg with the current bearish PENNANT pattern
> The downtrend TP @ 1.618 extension zone at 13K USD price - same target with the previous bearish INVERTED CUP pattern
> An upcoming mega bull flag formation with target reversal +80% upside @ 28K USD price.
> Close short position once a...
