this pattern here is why I believe xrpbtc will no longer close any further candles under this current price point. We are in an inverted cup and handle pattern with a downward slant but the breakdown target is negative satoshis which I think is an impossibility. Therefore probability highly highly favors this being the bottom. last time we had a head and shoulder...
Not liking the breakdown here. Hands down on of the best crypto projects, it will be back!
Hourly chart. Hourly bar closed below the wedge. Backtest completed after hours. Could be a hint at what is to come for #FOMC Wednesday.
downside as shown in charts it giving us in advance. trade below 1355 with sl of 1382 for 1295
Not financial advice. I’m not a financial advisor. I’m learning to trade. Learn to trade. 15 minute chart!!! Breakdown of possible bear flag. Target @ .686 RSI div. MACD histogram div
If the shorts continue to get squeezed it could add a lot of fuel to the Bull rally. If this daily chart is a valid H&S pattern and it breaks the neckline South watch out!
Bad news continues to roll in for the company. This support level has been tested many times however the levees are about to break. Bears are going to win this one and take us back to price levels we haven't seen in 2.5 years. Will likely be a bumpy ride on the way down so strap in!
4 hr h&s in play on btcusd. if it validates we will drop to the double reinforced support of the 4hr 200ma and the 7427 horizontal support. Even if this happens there's still plenty of ime left i the new candle for it to still be a bear trap / fakeout....act accordingly set smart limit sells and limit buys based on these zones...is what I would do myself *not...
Gap up Monday Morning, A test of Resistance $2.15 A bounce off and back down to test Support $2.00 Support fails and signals continued down trend Downtrend also fails and traps those who short at break of support. Price heads long @ $1.75 Start of long term uptrend Monthly Chart time frame Entry on the D1 chart.
Will $TLRY find support at 50% of the height of the descending triangle breakdown? This looks a lot like $BTC's descending triangle breakdown to the lower $3000, just not as violent and sudden. Really just depends on how far the SPX drops, but I think $30.47 - 34.51 is a reasonable level to find some support. Any thoughts?
Market Structure Breaking Down. XRP climbing into Resistance. Bearish Trend in tact.
SPY at another inflection point. Possible short-term long setup for a gap full bounce. We will see if it can break 2800 support this week back into the box of death. It will be interesting to see if this break will cause a total meltdown, or create a similar pattern like Nov. 2018.
breakdown from inverted flag: Sell below 1194 sl 1212 tgt 1185-1174-1161
BTC is still heading to major resistance at 6100 and rising wedge - bearish formation - is forming on the chart. It can be a sign of relenting of market. We can see a break down in short time to next support levels. Even though there is some strong support at 5050 and lower, I set my rebuy zone somewhere at 3800USD.
BITSTAMP:ETHUSD ETH is running to the end of 1st primary impulse wave. ETH will meet $200 before would have a correction (2nd primary wave) to ($137 - $124) area, which are Fibonacci 50% and 61.8% supports. After correction, ETH will keep its rising, as 3rd wave starts. A rising wedge pattern is marked on chart. It is a continuation pattern, which means ETH...
Quick look at TESLA, TESLA has been trending well for the past years within an ascending channel (in blue). However, of late, we see a breakdown from its ascending channel, as well as its key support level at $240. This spells disaster for TESLA as the next major support we should see would be at the $180 range. A key resistance level that the stock has...