Abstract: 🐻 Bitcoin is poised to break from a 4-hour bear pennant pattern, signaling a potential move to the $59200 area. 📈 This analysis explores the implications of this breakout, which aligns with the Shibunacci indicator, offering additional confirmation. 🔄 Introduction: Bitcoin's imminent breakout from a 4-hour bear pennant suggests a shift in market...
It appears as though Ethereum has broken the horizontal resistance of an Ascending Triangle or Bearish Pennant.... ideally we want to see the old resistance turn into new support, I do not expect that to happen. A re-test of the upward sloping support of the pattern is like to occur.
Eth is currenty making Bearish pennat Pattern as you all know about me that i m still bearish on BTC on Macro level. But I trade BTC,ETH & ALts level by level regardless of beaish senerio as you have seen my previous ideas regarding RUNE SOL APE and many more which i tell you to buy on dip with complete analysis & I also tell you about mini bull run in march .you...
Novice bulls, with no prior posting history, appear discontent as my puts/shorts are up 200%. Hawaiian Electric's bonds have been junked, and power wasn't cut during fires. Tread carefully in buying this dip.
Btc forming a pennant pattern let's see which side it will break if the pattern breaks up side easily we can expect 30500 and the other side it break down means we can reach up to the 29400 mark again . . . . . . . DYOR !!!
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to the new BTC update. BTC is currently trading around the $30.2k level. As you see in the chart, it is forming a bearish pennant in 1hr time frame. It already breaks down this pennant and a retest is also done. According to this pattern, we might see a big...
How to trade bear pennants with entries and stop levels.
This is another update about the bitcoin as the price action has been developing in another consolidation factor. During the development of the price action, we also see that the price is now forming another bearish scenario as the liquidation factor involved in this analysis.
Bitcoin is appraoching an extremely strong resistance at around 30k. The chance of crash from this level is extremely high! We can see that the uptrend from 20k to almost 30k in March is steep and without any major corrections. From the Elliott Wave perspective I expect last fifth wave to the upside to complete an impulse wave. We can find a resistance at the...
Dear followers and viewers, *We have a bearish pennate formation along with a death cross on the REX indicator. There were also no signs of bullish divergence on RSI meaning BTC should trade lower, especially if the pennate does not break currently. *There will be a continuation of the trend, tread lightly if you are bullish better off thinking of a bearish...
Ethereum is now in an extremely difficult situation because the price is at the resistance of this symmetrical triangle and also inside the bearish rising wedge pattern on the daily chart! These patterns are bearish, so the probability of breaking down is higher at this point. Of course, we can breakout bullish, but do you really want to bet on it? What's more,...
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...
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. ...
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...
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...
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,...
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...
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...