Sure, here are three key points on how to trade in a falling wedge pattern: 1. **Identify the Falling Wedge:** Look for a downward sloping trendline connecting the lower highs and a second trendline connecting the lower lows, creating a wedge shape. The price should be gradually narrowing within this pattern, indicating a potential reversal. 2. **Wait for...
** XETR:ENA Breakout Falling wedge in 2hr TF ** Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow: 1. **Identify the Falling Wedge:** - Look for a downtrend in the price movement. - Identify converging trendlines...
MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here Even tho the bull market is here BTC has not fully mooned yet there is still time to buy on DIPS . The market has just hit a critical level but should go lower when ready. This is a bullish structure and dips are buys, when...
Pair: HTX:BTCUSDT Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Stochastics are in Oversold Conditions on D1 and H1 time-frames - Price action may face resistances from being at the bottom of a parallel channel, there is a support trendline going through and there is a demand zone area as shown with the horizontal...
Hello Traders and Investors, today I will take a look at Bitcoin. -------- Explanation of my video analysis: On the Bitcoin chart there are actually only three lines which you need to draw: First you have a horizontal structure at $16.000 which Bitcoin perfectly broke towards the upside with the last cycle in 2020. Furthermore Bitcoin is creating an ascending...
The daily structure on CRYPTOCAP:BTC is still bullish as long as we don't break and close below $59,200. My average entry for spot buy is at $61,900 after all three fills. This could be the best possible opportunity to buy since the RR would be great because of invalidation just daily close below $59K. Daily also seems to be forming this bullish AB = CD...
BTC is expected to halve in these few days. Everyone observing BTC price reaction to the halving. While we have historical data showing BTC price surge higher after 1 year in the previous 3 times halving. However, many investors are not so sure about the current halving will bring the same effect. Due to BTC wasn't in high demand in 2012, while 2020 BTC's price...
The $59000-$61.000 range is a very good entry area before halving, but this price depends on Bitcoin Price Action (BTC) and depending on news from the war taking place in the Middle East. Here are some factors to consider: 1. BTC price action: Keep an eye on BTC price action. If BTC starts to drop, then MANTA is likely to follow. 2. Volume: Look for increased...
BTCUSDT - Possible Bullish scenario according to the chart Pattern and technical levels!!
Check this out. BTC cycles. This is the monthly RSI. Every time it hits that 82 line, where we are right now, it's right around the previous all-time high and right before the subsequent bull run
Bitcoin (BTC) has been consolidating recently, but analysts see this as a potential launchpad for a significant upswing. A technical chart pattern known as a "bull flag" is emerging, suggesting a bullish continuation could be in the cards. Bullish Flag in Play The bull flag pattern is characterized by a sharp price increase (the pole) followed by a period of...
BTC creating a huge bullish pennant on daily timeframe. Already touched support and resistance 3 times. If it breaks $72K, the swing TP should be $102K. Entry - Once it breaks $72K on daily timeframe and confirm TP - $102K SL - Daily candle close below $70K
BINANCE:BTCUSDT COINBASE:BTCUSD 📈BTC 2H📈 ⚡️Quick long position with medium risk status.⚡️ Bitcoin may continue towards the announced targets without any correction. But if the price pulls back to the entry area , as long as it is above the pitch-fork (near white support), the long scenario will be valid. TP 1-2-3 and SL are on the chart. ⚠️Don't forget...
We have formed bull flag on daily chart. RSI is holding strong around 50. We are building momentum for huge up move just after halving.
In my opinion, if price can consolidate between $72797 and $59,000 until Friday April 19, 2024, there is a good probability of a push to $87,000. Pushing above $66,000 to me would be a good indication on the lower time frame of such a move. This trade idea is not financial advice. I am not any kind of financial advisor. Thanks for hitting the like button and for...
Bitcoin is forming a double bottom and a falling wedge formation this could indicate an extremely bullish scenario where we see bitcoin fly past $73,000 Take caution when executing the trade as a Triple top formation can also lead to a bearish case leading us straight to $58,000 or $59,000 on the low end Bullish Case is 90% Scenario Bearish Case is at 10%...
Remember to Like, Comment, & Follow for more in-depth analysis! Share with your friends! The greatest compliment one can give is a referral I've seen too many doom and gloom posts for Bitcoin, and there are macro and micro bullish patterns being layered with more bullish patterns as we get closer to the Havening. Bitcoin is in a descending parallel channel, but...
The Bitcoin market appears to be taking a breather after a period of intense activity in the futures market. Recent data indicates a decline in Bitcoin's open interest, a metric that reflects the total amount of outstanding futures contracts. This development comes after concerns arose about the futures market potentially overheating, which could lead to increased...