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,...
Some people say BTC broke out of the descending triangle. Of course that depends on how you draw your lines. According to my lines the descending triangle is still in play.
Hi traders. Let me post my idea after a long time :) BTC is in the downtrend channel of 2022. It has formed three consecutive bear flags and BROKE the channel upwards! But is now forming descending triangle pattern, which is a bearish pattern. We could easily retest the 2022 channel at app. 18K $. Also, RSI is relatively high and it looks like it will plummet. SEC...
EURCHF - 14h expiry - We look to Sell at 0.9915 (stop at 0.9935)
Trades with a bearish descending triangle formation.
Trend line resistance is located at 0.9915.
Preferred trade is to sell into rallies.
Our profit targets will be 0.9865 and 0.9855
Resistance: 0.9880 / 0.9910 / 0.9925
Support: 0.9864 / 0.9851 / 0.9820
Risk Disclaimer
The trade ideas...
Hi guys.
I saw a Descendig Triangle and i think the power of BULLS decreasing.
so price forms LH (Lower Highs) and supports 4 times from 18200.
but the buyers cant keep going up.
i think with this Political and Economic situations the sellers win finally.
the first target after breaking 18200 support is 17700.
after that we will see what happen...
PLZ share me...
The situation for Bitcoin is terrible. There is nothing bullish at this moment. We are below the 200 weekly moving average and the main trendline from 2013 has been destroyed by the bears recently.
The bulls are weak, and the only trump that they have is the 200 weekly moving average on the TOTAL crypto market cap chart, because the price is above this level.
...
I am very bearish on specific altcoins such as ADA, XRP, SOL, LUNC, SHIB and much more. Why? Because the charts are terrible and I don't even know why you should buy these overpriced altcoins that will never make you rich. Some gains are possible, but you have to focus on altcoins with low market caps, not these Giants.
It's too late for the party. I am not...
Looking at the chart analysis, you can see a few things:
1. The Bollinger bands' upper and lower boundaries are squeezing, which likely means a big move is happening. If the price goes over the basis, it will most likely break upwards, while if the price continues being under the basis, then it will most likely break downwards.
2. The “Descending triangle” that...
Since it is already a strong uptrend, looking for only buy opportunities.
A simple Descending triangle, with a strong base.
Once price drops and unable to break previous low(Support) in 15mins, looking for a buy after a bullish engulfing candle stick.
I know that bullish analysis on Bitcoin is extremely unpopular at this moment. I can feel it in the comment section of my several previous Bitcoin analysis.
The most popular ideas on TradingView are extremely bearish, and the sentiment is very negative and fearful.
Pretty much everyone is expecting 13k. In this case, I am not saying the crowd is wrong, because...
In this analysis, you will discover a strategy or a plan for 180% profit on Bitcoin. Please, read!
The stock market and cryptocurrencies are in a bear market, but that does not mean that there are no opportunities. The fundamentals have never been worse for bitcoin since its existence.
On the chart you can see a great potential setup that you can take for a...
This is the monthly historical chart for Bitcoin , and as you can see, we are currently at major and very important support!
We have a long-term trendline that is printed only on the LOG scale, and the majority of retail traders never use the LOG scale, so that's why it's invisible to them.
The trendline was established in 2013, and this is the one and only...
Maybe there is nothing that can stop an upcoming dump on LUNC at all. The bears are really strong here and we are currently 60% down from the previous swing high.
As you can see, the price is breaking down from the local descending triangle and heading downward to the abyss. Also, we have a descending parallel channel , and we can possibly touch the bottom of...
Here's a quick look at the daily BTC chart. As we can see, the bearish trend continues, and the price has been trading within a descending triangle formation for some time now. If the price breaks below the descending triangle , then the price will very likely end up at 14K! The price must stay within the triangle to avoid further downside!
I must add that SPX500...
With the last accelerated dump, Bitcoin price painted a descending triangle.
For the moment the Bitcoin price is struggling just below the Monthly open (19423). Failing to break above this level of resistance, will give bears a chance to play this new descending triangle and possible target the liquidity from the JUNE low area (17600)
Once the top of the triangle...
