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! Like, comment and subscribe to boost your trading! 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...
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...
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this BTC update. There is a lot of things currently going on in the market. We have to trade very carefully in this market and try to focus on the long term. The bets way in the current market scenario is buy BTC and DCA on every big dip. Now, let's get to the...
There is a clear bearish pennant formation on the BTC daily along with decreasing volume. Expect lower prices relatively soon.
After the merge, the price of ETH is rapidly going down. It's basically a free fall right now. It was clearly a sell-the-news event. I am very bearish until we break the major trendline that you can see on the chart. There is absolutely no reason to buy ETH at this moment. On the daily chart, we can spot a descending parallel channel that is very well...
The temporary bottom on Bitcoin is in! Now we are looking for a bullish retracement. I think we will go lower, to 3K-10K, in the next few years, but not now! On the chart, you can see the strongest resistance on the way up. It's hard to say which one will be the reversal point. Do you think this Bitcoin crash was natural or was it caused by some strong entity?...
30% crash is definitely very possible on DOGE, so be prepared for it! After a 189% pump on DOGE, do not be surprised at all if we the bears step in. What goes up fast also goes down even faster. An impulse wave was detected from the peak, which is not a great sign. There is an increased probability of another impulse wave to the downside. Overall, I think...
We are living in the digital age, and we require digital money like Bitcoin. Shiny metal is beautiful, of course, but the internet is currently up and running. I remember the peak on gold in 2020, when the coin stores were full of people and there were big queues in front of the stores full of retail investors. It's not looking good for gold at all; another...