INFY on the verge of breaking out of descending triangl pattern on smaller TF with trading above its VWAP & ATP with decent volumes.
Could be bought with mentioned stoploss & targets.
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Welcome to this BTC update.
BTC is perfectly holding its $18k support level so far. Even the worst data of CPI is not even able to break this support but the question is whether this pump is enough to make a reversal in BTC.
Let's get to the chart first.
As you see BTC is...
- Exited a year-long bullish wedge - check
- Formed another short-term bullish wedge - check
- Retested Support Zone -check
- Retested Critical Support -check
- Retested 18,140 Support - check
Everything I have been looking to check from a technical standpoint has been completed. Our critical support has held once again! I am very happy with the way the...
The Alt Season is around the corner, I can see it on this chart! It's not a question of if it will happen, but when it will happen.
The lighting network is not supported by major exchanges because they don't want it and it's not in their business plan (as per the statement). This is, at this moment, very positive for altcoins.
It's really important to pick...
Traders,
After breaking to the upside of our long-standing, year-old bullish descending wedge, BTC is retreating exactly as I hoped it would do.
Wait! Did you read that right? Was I really hoping for BTC to retreat after breaking to the topside of its wedge?
Well, yes. Actually, I was. Cuz’ that retreat represents patently perfect technical price action. See,...
This descending triangle pattern on the 4-hour chart of the CAD/CHF currency pair 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. The green line denotes my take-profit level. I will set the stop-loss level to the triangle's...
Primary Chart: Fibonacci Channel and Symmetrical Triangle
Title alludes to a well-known excerpt from T.S. Elliot's poem called "The Hollow Men":
This is the way the world ends
This is the way the world ends
This is the way the world ends
Not with a bang but a whimper.
Setting Aside Bias Temporarily to Allow Greater Flexibility in Analysis
Many of my...
Price action and chart pattern trading:
> A possible bearish scenario with descending triangle breakout to complete 5-wave downtrend wave with the target of 1.618 extension of 4-wave (-60% downside)
> Stoploss can be placed at the right head & shoulders pattern - SMMA50 zone
> Indicator: MACD squeezed below 0.
There are currently 3 options with a high probability of happening:
1) Bitcoin will crash very soon, so after that we can start an alt-season on altcoins after the crash to 13k (best option).
2) Bitcoin will go sideways for another 3 months and create a descending triangle, which will be the most boring time (you don't want it).
3) Bitcoin will go slightly...
Primary Chart: Fibonacci Channel with Fibonacci Retracements of Entire Summer Rally
BRIEF SUMMARY:
Price continues to chop above and below the $19,246 retracement level identified in prior posts in recent days.
Price action appears to be consolidating before the next trend move—this next downward flush may occur very soon. During this consolidation,...
The situation for the stock market is really terrible. The fundamentals have never been worse in the last decade and it looks like we are going to drop even lower.
We have probably started a brand new major uptrend in interest rates that can reach 15% - 20% in the near future. Also, government bonds are rising, which is deadly for the stock market.
Let's be...
Ridesharing company Lyft has tried to hold a price range since the spring. Now, after a couple of fleeting bounces, a bearish continuation pattern could be materializing.
Notice the high on August 8 near $20, followed by a pullback to $13.75. LYFT then bounced but couldn’t get above $19. That high and lower high have produced a descending triangle -- a...
Traders,
After two failed breakouts of our long-standing bullish descending wedged (since Nov. 21) , BTC is back down to our super strong support of $18,800. This support has held us up on 5 separate occasions since our June low. It has not broken down below with confirmation on the daily since Dec. 2020. Confirmation equals two daily candle closes...
Selling Opportunity on FX:GBPUSD
GBP/USD has been bearish for a long time and also broke its major support and now, it is making a descending triangle (more clear on a shorter TF).
Wait for a breakout!
Also, keep an eye on DXY!
Best of luck!
Your feedback would be appreciated!
