Long term descending triangle pattern weighing heavily on BTC price as we hit the resistance trend line over the weekend. Avg in every week but overall this is not a place I'd like to go long as a day/swing trade.
Join us for the live stream today where I break down this position!
Technical Analysis Bitcoin (TradingView) | Crypto Trading Signals...
I'll wait for the price to break one of the triangle's lines first.
Then I'll look for a price action setup to open position,
Most likely the price will break out the support below, but, sometimes the price can surprise, so I'll wait to see.
First of all thanks for the likes and dm's about the BTC idea from yesterday. Appreciate that :)
In front of you the 4hr chart of bitcoin.
Yesterday I published a possible descending triangle formation, but after the move of 12hr ago there is also another possibility. The strong support and strong resistance where broke LIKE NOTHING. That was a great...
The slightly rising trendlines used in price projection are estimates of the dominating angle where price reacts most to these trendlines.
Descending triangles can be also top or bottom trend reversal patterns.
In this triangle price projection is made from all time high to 0.1360 projection distance.
The almost horizontal bottom of the triangle is at 0.618...
D4rkEnergY is Santa Claus. Normally he is not allowed to give you all this Free Present to you, hence my Family is paying for the service. But once in awhile I feel I also need to give back to you guys, who have been following me and supported me for a while.
The last couple of days I have made;
-105 % ROE on a XBTUSD signal in less than 3 hours.
-80% ROE on a...
I gave you the warning last week - and here is the result. Ethereum is still in major trouble against Bitcoin. We are right now here on the Weekly trading in a downtrend channel Inside a bigger Descending Triangle. This is double up on Bad Luck.
Possible descending wedge forming on the daily with a convergence point which lines up nicely with previous support. Expect a bounce here, with long-term prospects unsure, but probably in line with BTC. If BTC reaches its' bounce point concurrently, expect a big pump.
D4rkEnergY is ONCE again back with more wisdom and love to crypto community, and especially to his followers. This time we are looking at STEEM:BTC -its not often we do it, but we are here looking The Monthly chart!
First of all: This is not a joke. TA supports in fact this possibility with the more than a 1 year long descending wedge, which is a Bullish...
Ada a beautiful, and she has made us a lot of money. But on Bitmex its a he. His name is ADAM and he is 19! Those teenagers can be crazy, and it seems like, that is what we are about to witness.
We are SO Close to break out of this descending Wedge, low RSI, bullish momentum gorwing, which potentially can make you 58 % - With 10x Leverage its 580 %! Just...
Trade is ACTIVE. This is a Super Trade - Good Risk Reward Ratio. Go in an buy instantly. Whales might be helping you very soon. Notice the clearance to the right. We have some confluence resistance above our head, but if we manage to go through here, we will go HIGH!
I just made money on this signal earlier: RLC/BTC - Litereally 20 min. after the whales pumped it...
First we saw how the BTC-Dominance increased from 50%-60.1%. That was were OUR FAMILY made a lot of money when we went from 5k to 8.4k USD.
Then - literally out of the blue - we dropped 4 % in BTC-Dominance and everyone was shouting Altcoin season. Altcoins fared better than Bitcoin, BUT it was only for 2 days.
So What is Going On
Trading at Key Levels which...
DENT/BTC on Binance is looking good! We are inside an descending wedge (which is bullish), also we have an inverse Head And Shoulder Formation taking form and a low RSI, which makes is oversold.
Remember always to use Risk-and Money Management and a good Risk Reward Ratio! That is something we teach our FAMILY MEMBERS, and why we are making money for them.
based on the resistance confirmation price action has been getting on xrp recently I'm confident the real top trendline of the descending triangle pattern xrp is currently in is likely the one we are finding resistance at now...if that is the case we will likely break above it and out of the pattern sometime this week or next and the breakout target is $1.30. I...