Hey everyone,
Here is my refreshed Daily view on BITCOIN.
More Controversial traders won´t agree with me as I guess majority of you is bearish because of RUSSIAN-UKRAINE situation, but chart looks bullish for me and that is what matters personally 4 me if I ignore emotions which are bad for trading proper technical analysis balanced and correct R:R trading...
BTC has been down from 43K with strong correleration to US Stock. If I could predict somethings, It would be very short term ones.
On 1H TF, a rising wedge was broken and retested. IMO, the next target will be 38800. Then it can visit again 37800 (my Fib 0.786 level, see my longterm prediction for BTC on 02nd April).
Price broken out of a falling wedge and has continued making lower lows and lower highs.
Price also retracted from the fib golden zone.
There is also a downward moving average cross with a massive momentum bear candle on the higher time frame.
I expect oil to reach the next support level.
Price is coming from forming a larger head and shoulders
Now it has been creating lower highs and lower lows
While also showing bear flags
Now we see a small rising wedge hitting prev. Resistance which confirms our moves to the downside
BTC printing a rising wedge with a bearish divergence on MACD .
As soon as it hot the red line we will see a fall to 41,300 or 40 ,400
BUY @ 42, 300
TARGET 1 : 41, 300
TARGET 2 : 40 , 400
STOPLOSS: 42, 400
Hello All,
in this video I discuss updates on the AUD/JPY pair, the invalidation of the bearish rising wedge pattern, and what I believe will happen next...
According to chart analysis, it is in a bullish trend because of the trendline but the divergence is bearish in RSI and the rising wedge, Double Top is detected.
Plan A: Long
Entry: 0.9295
SL: 0.9222
TP: 0.9433
Plan B: Short
Entry: 0.9222
SL: 0.9295
TP: 0.9083
I am reposting this idea as I have updated and placed a mid-range resistance for the wedge .
$BTC idea :
Another idea for BTC could be that we are created a pattern of a rising wedge on the weekly TF . Rising wedges usually breakdown to the downside .
Moreover , if it plays out like this we could be having another bounce retesting the previous ATH and then...
This is my idea for Bitcoin for the upcoming months. Bitcoin will first visit 50k, the top of the rising wedge / bear flag . After the 50k BTC will fall because of the macro economic circumstances. Posted it few days ago but it was banned so again.
- Bitcoin is currently breaking out of the falling wedge pattern on the 4h chart!
- Probably this could be a final consolidation and now we are heading to a great uptrend.
- We have found a support on the previous triangle POC, which you can see on the chart.
- I think we are definitely ready for a massive uptrend!
#MATH/USD
$MATH shaped a rising wedge pattern.
🐻 break down from lower line will drop price to support zone around $0.22
🐮 break out from upper line will pump price to resistance levels and maybe it reach 0.5 fib level of whole weekly swing down around $0.93
TOMO was in a Rising Wedge Pattern & Recently the Bearish Break out Has happened. It is a Normal Movement For This Situation Cause It is Expected The Price Reach the Bottom of The Pattern.It's Gonna Touch the First Support For Now!(1.1$) If it fails To Hold the Support, We can Expect The Price to fall to the Second support as well!(0.92$)
_ _ _ _ _ _ _ _ _ _ _ _ _...
