NANO found a strong support at 7000 Satoshi level and is holding well. A descending triangle has also formed, which usually results in bearish movement. Regardless, we are near all-time lows which gives us plenty of room for upward growth and a much lower chance of dropping even further.
We should see big price movement in either direction depending on whether...
I identified a descending triangle on the 1h chart for Loom/BTC. HAve heard quite some noise about this, so I m hoping we'll have a breakout soon!
Not a financial advisor.
A better model for my idea. More detail in chart; DJIA piercing the top of triangle 5-09 does not constitute breakout; low volume, weak RSI. It's a bull trap.
The downtrend is definite and clearly established now, with 4 lower highs over past 3 months and 3 retests of the support base of descending triangle.
Bulls are weary and the bull run is ten years old....
Po.et ($POEBTC) is a shared, universal ledger designed to track ownership and attribution for the world's digital media assets.
Currently showing many bullish indicators:
- Massive Accumulation Over
- Descending Triangle Broken
- Volume Increase
- Healthy RSI, yet underbought
Ascending Triangle resistance lies at 681 Satoshi.
Entry: 521 Satoshi
Target 1: 880 Satoshi
The descending triangle squeezing buyers out; the volume was miniscule on today's advance, very thin, weak. It's a bull trap.
As prices descend back through the triangle towards baseline support it will pierce on high volume, confirming the bear market.
Once the horizontal support is pierced there will likely be a brief upwards reaction, followed quickly by a...
With the descending triangle already broken , resistance lies at 41,974 Satoshi ($3.79) . Breakout within the next ten days.
Not to mention a massive volume spike ; highest since initial pump.
Target prices taken from width of ascending triangle:
First Target - 31.8%
Second Target - 63.6%
Third Target - 95.4%
Fourth Target - 127.2%
Unless something fundamentally changes the stock isn't looking healthy. Low volume signaling a large movement about to occur within a bearish descending triangle and with the stock trending under 200 EMA. This is after completing a bearish H&S pattern. However, it is to be noted that the SMAs are building towards bullish momentum, so a close eye must be maintained...
On May 7th, SEC and CTFC will have a meeting to discuss if ETH is a security.
Historically, crypto markets reacts negatively to regulations so IF ETH is indeed deemed a security it must be regulated.
That means a possible BTC dump can ensue, forming what looks like descending triangle as indicated in the chart.
There is a lot of arguments as to why ETH...
Need help deciphering what's going on with ETH. To me, it doesn't seem logical that a H&S or Descending Triangle pattern will play out since the targets would put it below 0. Of course anything could go to 0 but I don't see this being likely. On the bull side, we may form a cup and handle pattern and if it breaks out, it should put us at the $900+ range.
Can...
Whats up Peeps,
See my chart for more information - Once I receive ten likes I will update this idea -
As always, I will update the chart if I enter or leave a trade - currently I have NO position on XRP.
See you on the trading floors. Good luck guys,
Intelligent disagreement welcome.
-Nix
OMG looks like heading down to descending triangle pattern. RSI Stoch is overbought.
It needs to go back to 153k sats support first before bounce back to bullish track.
Hello My Dear Friends and Followers! :)
We are back again with the always interesting Bitcoin! We are this time taking a look at the 1D BTCUSD Chart! But before we go on, I'll just say, that I'm really happy today, and you know why? The reason I'm here on TradingView is to help other people. Yesterday I got this message in our private forum:
I just want to...
Reversal or Continuation - Litecoin has liked the triangle formation
Option 1) - Breakout above the 'Descending Triangle' - Bullish Opportunity -
Key Signs -
Breakout and Bar close -
Retrace and bounce off the triangle formation to continue the bullish push
Big Price Movement
Option 2) -...
