CBRP Possible cup and handle play. price bounce off 200 SMA line. Due to recent cannabis stocks bullishness, theres a high chance price would penetrate 200 SMA line.
The Harmonic Bat is a variation to the Gartley pattern which was developed by Scott Carney. It is considered to be one of the more accurate patterns exhibiting a higher success rate than any other harmonic patterns. The bat pattern might look similar to a Gartley 222 Butterfly pattern but differs only minutely in terms of the Fibonacci ratios between the...
Evening Traders, Today’s technical analysis will focus on MATICBTC, breaking out of a symmetrical triangle with strong bull volume, currently facing resistance from the 200 EMA. Points to consider, - Macro trend bearish - True pattern breakout - 200 EMA is local resistance - Retest of local support probable - RSI in overbought region - Stochastics in...
Price was able to push lower although higher time frame long still remains - awaiting re entry upon confirmation of third touch on descending channel.
At this moment price action is in a falling wedge. Daily chart shows a bullish doji star 80-90 % meaning price action will go up. If the trendline resistant is respected then will look for a sell entry. If the trendline resistant is broken then will wait for the retest and enter long to the next daily resistant. This is for educational purpose only, let me know...
Hello Traders!, Update on recent BTC developments!, New potential formations on the chart, Hourly Inverse Head and Shoulders! Points to consider, - Potential Inverse head and shoulders - Trend is currently consolidating - .618 Fibonacci acted as support - Price testing neckline - Potential Triple top if price meets calculated target - RSI respecting up...
You can check my profile for the diamond pattern on Month Chart.
According to fundamentals Bitcoin will become the only monetary and currency system. According to the chart, it will not. Still a great way to become a multimillionaire though. If you want to know how I calculated retracements, I couldn't really find a mathematical pattern. I only noticed that this time (considering 3100 the bottom) and in the last bear market,...
A potential short opportunity on AudChf. Price has been sold off on the Daily time frame and hitting the next key support zone. What I will be looking for is some deceleration and slow down on the Daily chart along with the 4 hour. I would like to see a double bottom pattern form on the 4 hour chart for conformation of a reversal, along with a break and re-test of...
Our pilot was able to end Bitcoin's rapid descent into oblivion. She has leveled out now. Altitude is consistently stable. About to ascend once again. This time more feasibly doable. Steady now girl. Steady. Thanks to all who remained aboard and have help our pilot right this plane. Now enjoy your ride. It won't be fast. It may not be exciting. But we'll get...
Long at 191. Short at 183. TP 208 Current SL 185 for longs
Hello traders and followers, Just updating you on BTC moves,and bringing you a new trade, wich should only be entered after confirmation (breakout), cause you know, btc makes weird unexpected moves all the time... We are looking at the 1hr chart, and price is forming a falling wedge, wich is a bullish pattern, and should be breaking out soon! Trades can be...
Wait for a pullback and go long. Need to wait for some conformation for the trend, to see. (RSI) (Candle Sticks)
We are still on a downtrend... But a dobbel bottom, on the 1 H time frame. Maybe we can break out og the Down trend, and make NH? Hope so. Let's see.
We have a nice flag on XRPUSD . If it breaks out of the flag I expect it too break the top and continue to new all time highs.