Hi every one DOT/ BTC DOT/BTC is in a Broadening Wedge Pattern. This Means The Price has a Great chance To Still Range In This Pattern cuz There is No Break out Here yet. We Can See That The Price is right at the Bottom Of The Mentioned Pattern. So This Means The Price has a Great Chance to Increase From Here and Reach The Top of The Broadening Wedge Pattern...
All eyes turn back to inflation and rates as the economy is creating jobs. Scouting the reopening trade for Q2.
#TOTAL TOTAL MARKETCAP is inside broadening wedge that touched the lower line and now can head up to 1.82 trillion level, this level can increase BTC price to $40k. breaking out from 1.9 trillion level will certainly reach #BTC to $42k. but if reject from resistance zone it will drop to support zone around 1.4 trillion that makes BTC price around $29k or less.
Volatility is the name of the game as the major indexes were in a big range all week. The Nasdaq is testing it's 2 hour UBB with a Bull Flag under resistance. The Russell 2000 also has a Bull Flag after finding 2hr LBB support, setting up a potential Lower High under the 2h 50 SMA. The Bonds gave back the bull break during the FOMC meeting and are now showing a...
Just an insane day in the Markets, As we knew.. we did not hold short. What did we know, we look for a reversal. We hit our outside quarter target and fell a bit more towards our 420 level before ripping almost 20 points into the close. Is this the bottom? It does NOT MATTER. We trade what we see, each day is a new day. This market can fall just as quick. We add...
Equities and BTC found their short-term relief rallies. BTC has a broadening range beginning to shape-up.
Hi every one COSMOS / TETHERUS ATOM is in a Broadening wedge. The Price is gonna range In this Pattern For Now Since There are no Clue of a Break out or Sign of It. So right Now The Price is at The Top of The wedge But It shall Start To Decrease Soon. ATOM has Not been Able To Break It's ATH 3 Times in a Row(Around 44$) So The Odds of Doing It for The 4th Time...
SPY hit our Outside Month target this week and has yet to gain momentum to the upside. If bears can continue here we can drop to 427 next. We are nearing seller exhaustion and the broadening formation. For this week it can get choppy if we don’t break below 435. Id be looking for a sign of reversals around these level for a pullback before another dip down. Calls...
SPY hit our Outside Month Target today at 448.91. Nice run on the drop here. Harder to enter puts now until we see a break below the broadening range. Can still push further down a bit. Almost time to look for a long reversal to get in on a pullback.
I have had a descending, broadening wedge drawn for a while. Somewhat later I identified a falling wedge inside of the broadening wedge. I noticed an intersection of the supply lines of the two wedges and the demand line of the falling wedge. It corresponded to the lowest daily price for BTC, so maybe it does have some significance. BTC previously broke out of the...
Noticed this and thought I would share. Unsure how to trade this. Elliott waves would seem to say its bullish. Moving averages are trending with positive momentum. Thomas Bulkowski book seems to say possibly bearish. I am limited on time today. More to come. I think this will be bullish but am unsure
Hi every one TEZOS / TETHERUS XTZ is In a Big Broadening Wedge Pattern. This Means The Price Can Range Between This Pattern Freely Until a Break out Happens.Now The Price is at The Bottom of This Patter So There is a High Chance For Bullish Movement To Happen Soon. The Resistance Is Shown on The Chart. This is only an idea and not a financial advise ( NFA...
USDJPY Daily is trading above 50MA. The Broadening Wedge could be the extension of the bullish momentum, targeting up to 100% of Fibonacci Extension. 117 to 118 level. The minimum 161.80% D leg of Butterfly is also agree that this broadening pattern is bullish.
The long upper wick of the candle is a sign of price rejection. The first bearish pin bar on November 22, followed by another higher high long upper wick candle on December 1, is a sign that the trend is about to bend. Confirming the two sign is followed by another higher high with Bearish Engulfing Candle, this candle pattern could be the confirmation that the...
Ford will fall. Two times price rejection. MA20 support level is weakening. This could be a distribution phase.
Long term buy & hold on polkadot for me, so this is merely a snapshot of where the asset is now in relation to USD or BUSD as the chart I'm using. Price can still go lower, and at this point, I'm deploying a small amount of BTC on dips, rather than USD as my USD is being used for other projects currently. Also staking, and compounding. If you zoom out on this one,...
#ADA/USD $ADA is trading at long term support zone, if price hold above this support it can increase to resistance zone. ADA can shape broadening wedge pattern, that will increase price to $3.6 and $4. and if price reject from resistance zone it can shape head and shoulders pattern and drop to support zone around $0.4 and lower.
$DOT broke down from ascending broadening wedge pattern. current zone can act as support and cause increase to broken support to confirm it as resistance. then more drop to 0.786 fib level and maybe touch support zone between $7 and 10. RSI candles shaped a triangle that current candle can be on lower line.