Symmetrical Triangle RetestInitial break out from the symmetrical triangle has failed but the support provided from the upper line of the triangle allows for a second attempt
This support is just below the 0.5 fib
Symmetrical Triangle
GBPNZD Bears Roaring Back
From the Daily time perspective I see a symmetric triangle forming and the overall trend has been going south , GBP is weak currently, however am anticipating a strong NZD which will fuel more move to the downside in the next couple of days.
Eurnzd Waiting for BREAKOUT----BUY!!!Only, I repeat ONLY if I see this setup play out for at least a 1:2.9R, I will take this long.....
Targets on chart, like and Subscribe.
BTC: EXPECTING A BOUNCE FROM $20K LEVEL IF?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
After the breaking out from the symmetrical triangle, BTC got rejected from its main resistance level which is at the $22k-$23k level. After this rejection, it's continuously dropping, and it looks like it is going for a retest of the triangle due previously.
$19800-$20,200 is a very important support area. If BTC holds this support we can expect a good rise in the price of BTC. Also, there is a lower Bollinger band support at the $20k level so we have some more confirmation of bounce from that area. Let's see how this goes.
Also, keep in mind that if it breaks below $19.8k level then we can see more dump in the market.
What do you think about this?
Do you also think that we can see a bounce from the $20k level or do you think that we see more lows?
Share your views in the comment section.
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Bull Flag Pattern forming?I think that we are seeing a Bull Flag pattern on the hourly charts. If it plays out, it could push the price of BTC to $23.500.
Even though there is heavy resistance at the 22.3k level, I think it is very likely that we will be seeing 23k Bitcoin price this week.
The Bull Flag is also inline with my other analysys > Symmetrical Triangle
BTC double bottom and ascending triangle I'm looking at daily timeframe. BTC has broken a symmetrical triangle and completed Adam & EVA double bottom pattern. At the same time it formed An ascending triangle. If BTC succeeds to close daily candle above 21.9K ascending triangle and Adam & EVA pattern breakout will be confirmed. Targets are mentioned on the chart.
Symmetrical Triangle broke to the upsideIt looks like the formation in my past analysis was a Symmetrical Triangle. if it would be a pennant, it would break out to the downside.
Now we have a break to the upside. This could be a fake-out, but I do not think so. I think it's likely that the price of Bitcoin will continue to the upside, finding it's way between 24k and 28k in the coming weeks.
We will see
#BTC: CONSOLIDATION GOING ON! EXPECTING A UPWARD RALLY SOON!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update.
BITCOIN strong consolidation going on at $20k level, this can't go on forever, triangle primed to break to upside or downside. But RSI is printing bullish divergence though.
BTC going above $21,800 makes a higher high, and going below $18,800 makes a lower low, and the next move likely sets the direction forward.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
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Perpetual PERPUSDT - Record volume! + Elliott wave + Wedge!- If we take a look at the volume indicator, we can clearly see a massive bullish volume spike, which is definitely a good sign!
- On the weekly scale, we can see a falling wedge that is currently breaking out!
- As per my Elliott wave technical analysis - the huge impulse wave (12345) should be completed, as you can see.
- On the RSI indicator, there is a bullish divergence - wonderful sign of a trend reversal.
- Profit target: 0.618 FIB + start of the wave 5 for 700% profit.
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
EURZAR 4.91% Price IncreasePrice closed above trend line. Retest occurred at trend line. Enter a long position.
Tron TRXBTC - HUGE Breakout! Channel + 200MA + Elliott Wave!- Tron is currently one of the strongest altcoin on the crypto market!
- On the weekly chart we can spot a descending channel , that has been destroyed by the bulls.
- Also we can see a broken ymmetrical triangle, which is definitely a great sign too!
- 200 weekly MA is considered as a massive support by huge institutions and the price is currently above the level!
- We are currently in the Impulse Wave (1-2-3-4-5), so it is the best time to buy right now.
- Next resistance is the previous all time high from 2018.
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
STORJBTC - Ascending triangle on the weekly! + Record volume- On the weekly chart we can see a beautiful ascending triangle - one of the most bullish pattern.
- If we take a look at the volume indicator - there is a massive volume spike, which is positive.
- The first impulse wave has been completed (hard to catch), but it doesn't matter, because the third wave is usually the strongest!
- You can buy a breakout above the ascending triangle and take profit at the all time high level.
- 20x is possible in next months!
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
Golem GLMBTC - Huge ascending triangle! + Breakout soon- On the weekly chart we can see an ascending triangle - the most bullish pattern!
- Great opportunity to 24x your capital in upcoming weeks/months.
- If we take a look at the volume indicator - bullish volume is definitely higher, which is great.
- The price is now above the 200 weekly moving average. This MA is considered as a strong support by huge institutions.
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
BTCUSDTCriteria:
1. Uptrend on 1H, 4H, 1D
2. Bounce from Supply Zone
3. Fibonacci retracement 38%
4. Fibonacci retracement 61.8%
5. Fibonacci retracement 78.6%
6. Symmetric Triangle Formation
7. Round Number
Buy after break above 20,500 or wait for confirmation at 19,900 and 19,500
Tp1: 23,050
TP2: 26,200
TP3: 28,700
SL: 18,600
