Bitcoin has been seeing some strong declines over the past week, with a high to low of around -25%. Over this period of time, there's been several small bumps in Bitcoin's price. During this time, a classic falling wedge has been formed.
Falling wedges are, according to theory, bullish patterns. This is therefore a bullish potential trade on BTC.
Drawing a Fib off the Daily time frame we can clearly see that price is right at the 6.18 possible reversal line of the the Fib.
With that being said, we are seeing an opportunity for Bears to enter the market for GBPCHF and once price reaches the 61.8 golden ratio zone, we can expect Bears to take profit and leave room for Bulls to make their entry to take it up...
It is looking like the bottom may be in for this correction.
I am not a professional or a licensed financial adviser. This is for educational purposes only and is not advise to buy or sell.
Bullish and Bearing divergences reference:
IN THE LAST IDEA I THOUGHT BNB WILL DROP TO ITS SUPPORT BUT RIGHT NOW I CAN SEE A BULLISH PATTERN AND IT IS GOOD NEWS.
DO YOU SEE BULLISH PENNANT PATTERN ?
IT SEEMS WE GOING TO HAVE A BREAKOUT PLUS RISING AT LEAST 1X LIKE YOU SEE ON THE CHART!
( I THNK WE GOING TO HAVE ANOTHER PENNANT PATTERN LIKE THE 1ST ONE BUT MORE BIGGER PLUS A BREAKOUT FROM STRONG UP...
Here's a quick glimse of Reefs Price action. Reef is one of the few coins that hasn't taken off yet. We just need a good breakout from this falling wedge and then we will see a massive run to the upside.
The volume is descending as well as the price action. This tells us that a bigger move is imminent. And RSI is close to oversold on the 4 hr chart.
Yesterday, the Symmetrical Triangle was broken to the downside and we are currently rather in a downtrend - but... on the 4 hour timeframe we can see that Bitcoin is forming a falling wedge and thus we see rather bullish signs.
Therefore, I see it as realistic that Bitcoin has quite a chance to head towards 52,000 in the next few hours / days once we have broken...
Here's a quick look on AAVE. Its in a big falling wedge and are one of those coins that hasnt popped yet. These coins that hasnt popped yet, will revisit their prev. ATH most definetly. buy the breakout from the level shown on the chart.
RSI almost oversold and volume is decreasing. This tells us that a bigger move is imminent.
Buy Reef on Binance and get 20%...
Dont forget to Like and Follow for more setups like this !
Currently No position on BTC at the Moment, I am currently waiting with alerts set at point B to see how we react here before I take a long position.
Technically everything measures up as it should with fibs and harmonic criteria .
This will take us to the end of March if we play out this harmonic...
Hello traders, I hope everyone has a nice weekend. I would like to share one my possible short term bullish scenario for GBPCAD .Please support this idea with like If you find it useful.
We were testing this strong support-demand zone but before this area There was another strong demand area and When we tested this zone We got a bullish rejection and go...
Using a fib spiral and identifying the strongest trend on the chart we can discover where price reverted to a bullish state
Ethereum in my own opinion is ridiculously undervalued, any buy at this price is a steal
Keep adding while price is lower!
EGLD broke the correction and there is also a MACD cross so it's a strong buy.
It jumped from 120 to 140 and for those who missed the Trade can enter here with the same target.
Good luck traders and don't forget to hit the like button.
If we can break above this key level at 1.31 we could see ADA return to new ATH. Something to note is that throughout this correction ADA has been relatively stronger than BTC and other alts. A break above the descending trendline then consolidation is bullish. The real important trendline to watch is the thick blue one as is is made by connecting the tops of the...
DASH is ready to explode!
DASH is since the last bullcycle in bearish market. Other Altcoins like ETH got out of it.
I think when BTC is again moving upwards, we can see an altseason and DASH surpassing it's ATH. The Fib Tool shows, that we can see 6500$ per DASH this year!
Wish y'all good luck! :D
20% DISCOUNT on Binance:
As Bitcoin and Ethereum continue to fall into key areas of support, price action is bouncing in a descending wedge which usually shows the trend is about to reverse and move towards the upside again. 1260 is a strong support level for Ethereum as initially it was strong resistance point back in January when we tested this level three times before managing to...