BTC is currently facing a lot of pressure especially after losing his it's strength. we already went down so bad but what could happen in the next meantime? ⬇️ We are currently in a bear flag => $BTC is bearish in mid term where 30k levels are very possible. We are also on a Trendline & The middle of the Bear Flag channel => This could be a strong point for $BTC...
** When I published this idea the boxes didn't show what they imply. The upper box is supposed to represent a level to enter. The lower box is where your SL should be just in case. It's roughly 6% risk Market's volume has been pretty bad. Despite that, KNC has been showing a very strong move upwards and even cleared previous ATH yesterday. A few things to...
There is a beautiful flag on the bitcoin chart. I expect there will be another sell-off before we witness the next rally Good luck.
BTC is painting a bearish flag pattern and the pattern will be confirmed in case of breaking down of the bottom support of this flag at around $40K, this scenario can drag the price down to 26 - 27K which is the projection of this pattern and also the support of the main huge broadening wedge pattern on the weekly chart as well as the wave E of Elliott waves. This...
Price has already tested the upper channel of the bearish flag. Fib retracement level of 0.236 is also intact. If the price falls below the lower channel of the flag it is a good setup for short. However, it depends upon the price action. Look for bearish signals to enter short.
Well now ~ will the Bulls succumb to the Bears or does this "Bull Flag" and zig zag correction confirm the bear run is over its over?
#Stock #NSE #SUBEX/INR Bull Flag Analysis:- Perfect Entry:- ₹35-₹40 Targets:- ₹63/₹95/₹336/₹730 Stop Loss :- ₹30 Reason to Buy:- As Per HTF chart ( Daily / Weekly / Monthly) Strong Bull Flag Forming. Bull Flag breakout not confirmed But We can buy around Channel support zone. Breakout Point :- ₹56 1D Chart :- Bull Flag 1W Chart :- Bull Flag 2W Chart...
Keep it plain, simple and minimize the noise! Here we see a bull flag on the Bitcoin daily, on the inverted scale. Inverting the chart is great to really bring things into perspective sometimes and see what your missing. This pattern is a bullish pattern , however every single pattern has the probability of going both ways. Since breaking this pennant to the...
BINANCE:BTCUSDT * Forming a flag pattern in a 4H timeframe can make bitcoin conditions worse and cause the price to fall further
Nice looking bearish flag I entered above 161.82 GBP making a rounded bottom on 4hr chart ( bullish pattern ) JPY retesting resistance on 4hr chart
Here is my chart analysis for BTC/USD. There are quite a few things to cover here both in the short and longer term. Short Term: -BTC has formed a Bearish Pennant with perfect structure. The technical target is around $41,300. -You could enter a short from the pennant using an entry method if breakdown occurs and bearish continuation is confirmed. Longer...
Let's start with the parallel channel formed since Jan 2022 (Red parallel channel). BTC has been moving within this channel till now. Important to notice is the Orange downtrend line breakout (orange circle) and then retest at the trendline yesterday (7/04/2022). Next, notice the short term bullish flag forming (blue bullish flag). BTC showed some bullish momentum...
DXY is the US Dollar Index. I believe if DXY is bearish crypto is bullish and vice versa. I think DXY will reject this 100 level and come back to the 95s making crypto bullish!
The US 500 is in an uptrend on the 4hour time frame it recently broke a trend line and has made a abc correction on the 1.272 fib extension. it is therefore bullish for now lets wait and see how far it goes.
Hello traders . Did you remember my last idea about the AXS ? in that idea I was talked a big move for the AXS , am I still think that the AXS is about to do something explosive or not ? If you want to read my last idea , you can find it in the related ideas down below this idea 👇 1_pattern : In the chart above you can see that the price after testing...
Hello traders: Also caught my attention is EURCAD for possible bullish reversal development. From the HTFs, we can see price has managed to move down to a previous lows, but within a descending correctional structure. This alone is usually not enough confirmation of possible reversal yet, hence we go down to the LTFs to see if theres further development. We...
Hello traders: Also looking at NZDCAD for the potential upside move. WE can see price has formed a larger descending structure, correcting the price down. Latest development has also formed a lower time frame descending channel for potential bullish reversal price action. What we can wait for is price to commit to the upside, with a lower time frame...