Inverted descending scallop formation, low success rate in a bearish market 5/21 in bearish conditions, but eh, we will see how it plays out. Weekly chart.
What do you see when you look at this inverted pricing and RSI scale on the BTC chart? It is interesting how this chart can modify perspectives and bias. Not much to comment here, just an interesting look at how views can change when looking at historic supports/channels from an inverted perspective. Which outcome seems more likely to you based on this chart?...
Sometimes you need to step back and take a look at the bigger picture, but this is a BTC chart not enough traders take a moment to view. The USD value is inverted, so bullish movement takes BTC "down", whereas a bearish fall takes BTC "up", and is helpful for removing your bias (and we all have one to one degree or another). Take a fresh look at this chart and...
Having some fun in the Upside Down World.
Bitcoin dominance chart by market capitalization. You probably noticed that over the past month, many violas went to growth by a large percentage. This can be seen in my trading ideas for some altcoins. Maybe it's not casual? At the moment, we see that the dominance of bitcoin over other assets is still in an uptrend. % BTC dominance came very close to the...
Today is USD important day so the approach to using this buy signal might be with an additional risk approach. The black level is Weekly resistance. If this technical pattern is shown as a reliable one potential target can be +150 pip. Mu play is buy
As you can see, we are now completely Inverted on the 2 and 10 year. Remember, there wont be a crisis until we un-invert. See my earlier post on this for clearity. Link is below.
Inverted Flag Pole pattern seen in Bank Nifty (BN) Till Bank Nifty breaks 28500 and gives a closing above 28500 the trend continues to remain bearish Inverted flag pattern is seen in Bank Nifty if the BN breaks the pole we may see new lows. Price is below 22 EMA and Vortex also indicates bearishness in stock.
This is my adaptation on a Bat harmonic and where i expect it to reach. I am currently waiting for a completion of the D point which should show a reversal candle or pattern,currently there is an inverted hammer but to ensure it is a positive reversal i will wait till the close of next candle then i will enter the trade. The current Risk:Reward is acceptable as i...
BINANCE:ETHUSDT Inverted cup and handle pattern forming on daily chart, indicators seems to support the idea for now. Let's see how this will play out.
My first trade didn't work out which resulted in a $2.32 lost ,but earlier today I shorted Gbp/Jpy making back $1.32. As I was looking at this chart I noticed that this has formed an inverted cup and handle pattern.My plan is to short this and hold my position for a few days. I won't have any stops in place so this could end it all or it could be the start of...
I dont see the 1 day 50 ma (in orange dipping lower than this horizonttal red support line before the bottom is confirmed on xrpbtc. I expect it to start making gains against btc once the golden cross s confirmed.
Wait for close above the neckline before setting entry at the neckline, stop loss below right shoulder, target at height of pattern above neckline.
Weekly time frame analysis. This for me represents how much i have improve my chart work and analysis. I'm just 8 months old in this game. Can't wait what the future holds for me and my team. Focus on your potential not your quota. You will be on fire day n nite!
inverted flag: sell 2210 sl 2231 tgt 2193-2177
BTC likes those head and shoulder patterns. Because traders like this pattern, especially the inverted head and shoulder type. However, we should remember how often this pattern has failed in the past months. So many times, there was an inverted H&S structure in the making, and many times, it failed. It looked as if it would burst through the neckline, just to...