Hello all 👋 Thank you for stopping by, let's get to it 🤸♂️⏬ Federal reserve held an emergency (closed)meeting today, topic being discount and advance rates charged by FED... 🙂 see here ⏩ www.federalreserve.gov Given they decided to lower the rates, this could look good for Bitcoin and alts. 👀‼ Resistance at ~22,800 We are currently testing to break...
Birlasoft is a potential breakdown candidate. Keep it on your radar! #birlasoft
On ETH, the current market structure is extremely bearish. We can spot a descending triangle projection on the 4h chart, so for now the probabilities are for it to go lower. I believe the market wants to wipe out all stop loss orders above the swing high at 1234 USD, which is also at the 0.618 FIB. This is a great level to open a short position on futures. I...
Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst. 106 out of 500 days done. I truly appreciate your continuous support everyone! Let me know if you like the series, and if you would like me to change or add anything. Always follow your trading plan regarding entry, risk management, and trade management. Good...
Everyone will call you a cheater for these levels because you can very well predict massive short-term bounces! I will never give you a zone. I will give you levels that are exact to the dollar! You can use these levels if you are a swing or intra-day trader, but also if you are an investor and you want to buy Bitcoin cheap. These levels are for everyone! I...
COTI coming to a decision point pretty soon. If my pattern of Descending triangle is correct it will be going to either $0.30 or $0.70. The Descending Triangle is normally a bearish pattern, however I believe it has been consolidating and will break out upwards to new ATH. It is holding that bottom support very well and for quite a while now. Currently at a great...
Hi dear community, I'm looking at 4h timeframe. As you see BTC has broken bearish pennant with the target 12-12.5K/Pink scenario/. At the same time it formed descending triangle with triple bottom + RSI bull div. Most of people are waiting lower prices such as 12-14K even 8-10K like they were waiting 100K+ in 2021. I'm sure 17.5K was the real #BTC bottom like 65K...
Descending triangle spotted, twice. Also bearish continuation on rsi
It's a great opportunity to short TRX on the futures market. You can short TRX on almost all exchanges. So it's very positive! The technical analysis of Tron looks very bearish. Descending triangles are likely to breakdown with a 60% pullback rate (retest) before continuing lower. The uptrend from 2020 to 2021 looks like a three-wave structure. It's not...
After a recovery rally that reaches the upper trendline of the descending triangle, the price action appears to be printing a Head and Shoulders formation, the right shoulder can be formed after a possible reaction from the green box area (local support), then the price can turn to react to volume POC Level @ USDT6.4 which is the same level as the low of the...
Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is forming a descending triangle pattern in 2hr time frame and currently trying to break out from the triangle. We have strong resistance at the $16.8k level. From here, we have two possible scenarios:- * One is we reject from here and...
BTC/USD is still in a massive Ichimoku W Wave Pattern. BTC is still in a Descending Wedge Pattern and a Descending Triangle Pattern. BTC is still in the Bearish Zone of the Ichimoku Cloud. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indication that the mid-point of the short-term momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun...
Quite a lot of information. Reverse head and shoulders, descending triangle (symmetrical price ranges on break up/down) , Gartley and Fibs
This analysis will show you why the bottom of Bitcoin could be very close. This is a set of indicators that tell their own story, so let's take a look at them. Currently, Bitcoin is the most hated asset in the world. Everything is rising, including gold, silver, stocks, the EUR/USD, indices, and even meta Facebook, the most bearish stock. Bitcoin is the weakest...
The one thing I would like to point out in this beautiful price action is the descending triangle that has formed on gold! Now even though we do have a breakout of this triangle, don't be surprised if we see this bullish pressure become nullified in the middle of the week. Check the dollar index analysis for more details. :-)
A descending triangle pattern has formed on the daily chart of XAU/USD (gold). It now offers an opportunity for a short trade in case of a bearish breakout. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. It is located at 10% of the pattern's height below the lower border. The green line denotes my...
• BTC is in a critical situation, at the moment, as it is at a key support level as seen in the weekly chart; • The support at $17,592 is the bottom of a Descending Triangle chart pattern. If BTC loses it, the next stop is the next support near $14k; • BTC would need to do a very quick reaction and break the purple line in order to avoid such drop and reverse the...
I'm looking at weekly timeframe. As you noticed BTC formed bullish megaphone pattern with 80-85K target by Q2 2023. BTW there is also falling wedge pattern inside megaphone pattern which increases bullish case scenario. King of crypto broke weekly RSI trendline which is historical for BTC. At the moment BTC has broken weekly descending triangle with 24-25K target,...