Good afternoon traders 👍 FIRST OF ALL, how can you be bullish looking at this chart? SECOND OF ALL, why are bulls still acting like the bottom is in? THIRD OF ALL, bulls are still cocky and the market humbles that kind of behavior. FINALLY, liquidate all existing bulls left who still remain "hopeful" that the bull market is still "intact" DO YOUR OWN...
Hello, all Here is my personal view on BTCUSD market. We are still in bearish trend and are now forming a clear continuation pattern - bearish pennant. If it works as supposed too, we can see a drop to a next strong support zone, which is around 24,000. On the other hand if this is a symmetrical triangle, then we can touch a 42,000 resistance level. MACD...
Good evening traders 👍 The weekly candle has now closed and it looks bearish for the week ahead in terms of what the technical say. Stay safe and don't use high leverage. This is my last post until July 1st, maybe sooner if a dramatic event occurs.
FIRST OF ALL, please do me a favor and tap that like button or even leave a comment on what you think of my technical analysis I've posted for the trading community! 👍 SEOND OF ALL, bearish pennants are continuation patterns that mark a pause in the movement of a price halfway through a strong downtrend. They occur just after a sharp drop in price and resemble a...
Good afternoon Traders, First of all please smash that like button for me! 👍 Second of all, if this bearish pennant confirms in the next week and breaks to the downside there's no real support until the previous ATH (20k) Lastly, stay safe and don't get liquidated if bitcoin starts breaking to the downside and causes extreme panic/fear. FINALLY, this...
Although the flag isn’t perfect nor clear, but it could be that BTC is about to dip as it shows a bearish pennant flag formation. What do you see in the chart? Do you agree? Feel free to share your point of view.
Unfortunately, I have a BAD NEWS for you, BTC-USDT has formed a Pennant Pattern . You can see what happened last time and In my opinion, it will happen this time too and target is 40k. There is no sign of bullish divergence or any other bullish reversal pattern yet so it will continue falling in order to pump BTC Dominance. BTC Dominance also getting Closer...
After enjoying 200pips move on four different occasions (a total of 800pips) since my last publication ( see link below for reference purposes); we are at a juncture in the market for selling opportunity as Buyers find it difficult to penetrate and breakthrough AU$1.57000 zone in the last 3 months. On the weekly chart; I am of the opinion that the third wave of a...
In the past few hours, Bitcoin looks to have started to break out of a bearish pennant (red dashed lines) towards the positive side out of what looks to be an inverse head and shoulders pattern on the 1-hour chart. If the trend continues past 51-52K, there is potential for the price to head upward to 54-55K based on retracement back upward to near the 61.8%...
Long story short: If 48.8k doesn't hold and if bearish pennant resistance is broken, then target is the lenght of the pole > 36K BTC follows exctly the same price action as in 2013. I won't look to short, I'd wait for the bounce and look for a nice entry point for a legendary trade. Watch my "bigger picture" video linked.
I am already short this from EOD yesterday, but right now also looks like a pretty decent short entry as well. Picture perfect bear pennant on the hourly !
I saw someone pointing out a bullish scenario and i drew it out. So the bear case; Bear pennant, Death cross and broken trendline. Bull case; Bitcoins gonna bitcoin.
Line chart of BTC. Here we have a nice example of a bearish pennant. But, these do break to the upside as well. I think this one will! Partly because BTC.D (Dominace) is about to touch strong support. A little 'Bart Simpson' pattern may emerge to climb above the 180 EMA to around $60500 USD. But, this is where we may see a rejection as price at this level will be...
I am usually not much of one to talk about stocks as much as cryptocurrencies (as my username indicates), although I feel like it would be an injustice not to mention the current breakout of a bearish pennant for coinbase. It started to form a wedge yesterday, but looks like it has broken downward today. As with most IPOs it is often tricky to determine trends...
Updated from the last two days. Lines haven't moved and needs to recover or else..... good luck and make your own trades
Updated from yesterday... Almost broke out but fell back in today. Volume really dried up end of day, today. Good luck and make your own trades.
I believe we are likely in some consolidation before the next leg down. This could easily make it to the twenties before any support stops it. Make your own trades and good luck!