The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as the price continues to make higher lows. The pattern completes itself when the price breaks out of the triangle in the direction of the...
#UPDATED #BTC/USDT ANALYSIS $BTC reject after hit 2.618 target of fibonacci and daily close candle still in support . BTC CME GAP has filled any opportunity btc up for retest first before continue down , RSI showing oversold and 4h RSI showing bullish divergence. in 4h timeframe close with bullish enqulfing candle . in my opinion BTC will up in few days for...
We have discovered something which suggest that $20K seems inevitable. This chart is based on 4EMA's on weekly. First time bearish cross over happened was 3rd Sept 2018 and price dumped to over 56% Second time this occurred in March 2020 (Covid Crash) and price dumped up to 55% This is the 3rd time we are seeing this bearish cross over on weekly and lets say if...
Next level of support which needs to hold is 0.236 Fibonacci around $19000 to prevent further downside. Read idea linked at bottom for in-depth price review. Legendary Investment Trader, Cryptocurrency & Web3 Master Boundless Lord
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The 29,500 region was a solid support since Jan 2021 but that may have broken as the price action over the last 4 weeks shows. Price has been hanging around that region and if you switch to the daily view, you will see that it has been consolidating in upward sloping channel. I think that over the next week or two, we may get better clarity on what lies ahead....
Descending Triangle in a Downtrend (BEARISH) A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows.
I drew a channel including bitcoin price history starting from 2013 till today. The upper boundary is touching 2013 and 2017 market tops, meanwhile the lower boundary clearly defines the uptrend bitcoin is maintaining since then. Nothing new. What I added is the orange mid-line , which is not at the EQ level, just a bit higher. Its position is arbitrary and...
BTC is making a lower low on daily so we have a chance of a relief rally by making a lower high so based on that we have 2 scenarios. We are halfway to the bear market and second half is on the line. Scenario 1 BTC will range between $20300 to $23000 for sometime and then break out towards $25k to $28k possibly making a bear flag and goes down towards...
XAUBTC is one of my favorite indicators to decide if bitcoin's big crash or big pump is over! The rivalry between GOLD and BTC is worth watching and being careful about. It seems that bitcoin will suffer a little more depreciation against gold and will lose more value until it reaches the next resistance zone, I mean between 0.1 to 0.11. After the touch and a few...
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. #BTC UPDATE:) BTC makes this descending channel pattern in a daily time frame, currently holding above the lower support of this channel so we can expect a bounce from...
As momentum builds to the downside in the crypto space the likelihood of a flash crash capitulation increases. Not to say it will happen... it is still a highly UN-likely event, but the probabilities increase with downside action like what is currently occurring in crypto. If you a long term holder and NOT buying on margin , buying a hard sell off in flash...
It seems we are close to December 2017 highs area and are going to test them once again. Due to nature of this market, the test means a short squeeze that can reach the 17000 - 18000 area. I think it is a good time to put limit orders in this area to catch the price for middle-long term HODLing. Disclaimer: Although I am trading these levels by myself, please...
BITCOIN is currently bearish, looking to sell upto 10,000USD mark
#BTC CME $BTC Finally Big Gap filled at $26.625 - $24.100 . any last gap bottom at $19.110 - $18.395 area at the time thiz zone last peak support all time high BTC before . if we see the market potential visit and close the gap
As we can see in the chart mentioned above that BTC is currently trading one support of green MA. If we consider the past and do some backtesting then it is clearly evident that BTC holds the green MA very well but it always moves downside to touch the lower trend line support, so here I am expecting a wick off from the lower trend line support and rally to...
BTC /USDT will perform Symmetrical Triangle Pattern – Meaning, Formation & Trading
BITCOIN is currently bearish, looking to sell to 10k