The current MOU announcement has spiked the share price up, which has temporarily quelled the descending triangle break and halted the downward momentum seen on the Wave Indicator (dotted blue line). However, upon closer inspection, the spike itself is showing signs of weakness (MMAR reversal in spike). Oddly, a trading halt was announced the day after such...
Hello Traders,
BTC update is here. Today we have been looking impatiently for a action, but nothing has happened yet.
Looking at 4H TF, we see that Rising Wedge pattern is still valid, BTC created HH and HL during the day. But the bears did not allow further growth. Now, BTC is stucked between two lines at $ 9000 - $ 8870.
Today I find a more interesting view...
Bitcoin has formed a huge descending triangle on the daily chart. This pattern has began since the all time highs at 19800$ and it's still in play until today. Last few days price reached the downtrend line and we are close to get a breakout to the upside. Descending triangle is a bearish pattern and usually breakout to the downside, but this doesn't mean that it...
Hi Crypto Traders,
the price has been around the EMA200 for several days. this resistance has not allowed the btc to fall below. During this time the Golden Cross occured. It is strong bullish signal. But, also we can see bearish divergence, which predict price drop to lower leves. To conclude, BTC will rise to price level at $8.400 and test local downward trend...
Two possibilities we can see on the 15 min chart.
1. A triple bottom reverse pattern for the up side.
OR
2. A descending triangle for a break further down.
Open for comments & constructive criticism.
Thanks
There's a nice descending triangle nearing completion on $DGD's 4-hour (see pink lines). The price is currently resting on support. Good risk/reward ratio. Will buy some $DGD here.
Stop Loss: .026480
Final Target Price: .025507
Risk/Reward Ratio: 9.63
Target Price 1: .038619
Target Price 2:
Final Target Price: .025507
Hello Crypto Friend,
Despite the fact that Friday's day was closed with the bearish formation "XXXX", BTC is slowly growing, currently $8.4K. BTC also attempted to reach Fib61.8%, but so far unsuccessfully. However, I do not exclude that it will try again. But EMA200 is still blocking it. BTC also forms the Bearish "Descending Triangle" pattern.
If BTC breaks...
TRX seems to be in a pretty tight spot right now on the charts. I believe that whichever direction it chooses, the move should be strong.
If it does choose to range sideways long enough, it may invalidate parts of this analysis. There is some resistance and support in the low 500s that could create a sideways trading channel.
On the downside, this coin has...
I think XVG is at a tipping point yet again. A descending triangle has formed which is likely to fall down to previous support. The only thing that can break this and return it to an upward trend is the pending news on the 17th.... Good potential buy in point if it walls down to the next level of support. If the "news" is not as good as expected I expect this will...
Follow up of a recent post, see related ideas for more.
The descending triangle is almost complete on BTC and everyone is waiting for the breakout to see whether the moon is reachable or not.
There are a couple of indicators that will help us predicting a huge breakout. Here are some considerations:
Volumes are shrinking and shrinking and we're almost at...
After exiting a 40 days long falling wedge on April 8th we had a 4 day sideways trading before today's breakout. Even though we've seen a spike today all the way from 6940 to 8100 in less than 45 minutes, we have to keep in mind that we're still in the long term downtrend that is pointing towards support zone around 6500. Stochastic RSI also alerts us to be...
As mentioned in my previous post, BTC bulls had to make a move this past weekend, which they did, but is it enough? They pushed the price up to around $7150 as shown by the blue arrow. From that point we lost almost the entire weekend's gain in one 4H period.
Since this drop Monday morning there has been some upward consolidation, which I have shown in the blue...
Lots of ups and downs lately on Bitcoin, mostly due to huge volumes of BTC sold on the market making the price crash.
If we watch the big picture we're still in a bear channel but the prices are creating a triangle formation.
Triangles are known for being a continuation pattern so, if the figure completes without breaking up, BTC should continue in an ascent.
A...
We can see a Descending triangle formation on 4hr TF. I previously stated I´m waiting it on 6k and below. I just want to share right now that every one of each analysis a I´m doing right now, I am seeing a bearish sign or formation in every TF.
This triangle formation gives a target somewhere between 5.7 to 5.9k. So this can take less than 4 days to confirm,...
Found myself looking around for some side plays with the stock markets rallying today all while cryptos are facing some uncertainty. I'm also keeping my fingers crossed for UofL to sign Chris Mack as their head men's basketball coach. Anywho lets get into it
TRXC TransEnterix is a small healthcare instrument supply company, the fundamentals are not great but its...
