Measured move depends on when/if it falls out of the bottom of the wedge, but a safe place to take profit is around the green horizontal support line.
If it breaks out above the red trendline, this is invalidated and the trade is not there. It would then be very bullish and set up a long.
WILL WE SEE A SURGE IN CRYPTO PRICES AND A CONTINUATION OF THE DECOUPLING THAT HAS ALREADY STARTED TO TAKE PLACE OR WILL WE SEE CRYPTO RECOUPING WITH TRADITIONAL MARKETS.
WHAT ARE YOUR THOUGHTS?
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This is what I see as a possible next more for BTC and the altcoin market cap. BTC (left) can move toward the next daily resistance level, which is confluent with the top of the ascending channel. Here it will likely see a rejection to the bottom of the ascending channel, which is confluent with horizontal support. The altcoin market (right) will move up with BTC...
probably one of the more technical charts ive put together recently but as you can see bitcoin is at an intersection:
horizontal price level
historical pump/dump rsi band level
a touch of the band can signal a reversal, a cross of the band can signal further movement
this level truly is crunch time for bitcoin, born in a recession and facing a new one,...
should we ignore the rising wedge with falling volume?
by all means we could push a little higher but some are calling ATH, i cant see it without a correction. correction being fall out the wedge and then restest the underside and see where market wants to go
Hello, in this technical analysis, Ethereum mark the 0.618% of price entry with confirmatio to entry in long posiiton. I put my buy order limit at $410 USD with a SL at $403 USD and my own take profit it''s $442 USD.
So, I see that Ethereum is going to bullish!!! This is a good opportunity to buy Ethereum!!!
Following Elliott Wave rules while using both Japanese Candlesticks and the Relative Strength Index, we are able to calculate Bitcoin’s anticipated wave position. While the last huge drop to $3.9K shocked many, few were prepared to capture this ‘swing-low’ opportunity. Swing lows generally lead to new Elliot Wave structure. From $3.9K, we’ve waved ourselves up to...
First of all, please SMASH that like button 👍
Above $13,000 is a demand zone for whales filling shorts (wicks pushing price back down, lower highs)
The fundamentals/structural integrity above $13,000 is weak, a correction is overdue.
20 / almost tapped ~ $12750
Hello Traders Investors And Community, Welcome to this analysis where we are looking at Cardano's daily timeframe perspective, the recent events, the current formational structure, what we can expect the upcoming times and how to handle the situation appropriately. Since Cardano has formed the major breakout of its descending-triangle-formation and marked...