Odd place for a H&S, but as far as the structure of the pattern its pretty textbook with a retest. The position of it is a little unusual to me. Let me know what you think, and if you've ran into a H&S positioned this way.
I know a lot has been going on in the world, but Bitcoin has been showing unusually high volume with usdt pairs as opposed to usd pairing. It can get interesting coming up to this line here with volume and divergence after being mostly sideways since June. Of course, anything is possible here. We could reject and continue down, break this trend and continue...
Bullish megaphone pattern can clearly be seen in various timeframes. Pt's on chart.
Everyone is so sure that we are going lower, this would be the perfect storm to fake everyone out and head higher. Here I drew one possible scenario that could play out. It doesnt mean it will happen, but it would nicely trap all the bears if it did. Make sure you know when youre wrong and protect your capital! GL
There is a clear descending wedge occurring on lower time frames. Target is top of the structure.
Hello everyone, Chem here.. Earlier this year along with the help of copious amounts of information on Reddit. I discovered that it is super blatant that TTT (ProShares Ultra Pro Short), seemingly spikes strongly into GameStop run ups. Overlaying the charts has allowed me to view and observe perfect symmetry between the two. My theory and ideals on this entire...
A few factors in this trade: ✅ Friday showed a nice bounce off the 3853 support level ✅ Bullish divergence on the MACD and RSI daily charts demonstrating seller exhaustion ✅ Wonky inverse head and shoulders and descending triangle could play out. Two price targets on this one with a defined stop at 3842 (giving that 3853 level some room to breathe). Hoping we...
Bitcoin is one of the best coins we ever have seen in history, but also the best coins get breakdown trends and recovery as the markets go up and do wn. It's hard to predict always the Bottom, but with some study, we have a high chance to be right. BTC did breakdown today from the 22800 level and the reason for this breakdown is that stock markets that did show...
Supports there -falling wedge, 4HR - Daily GP 0618-065 - RS support zone from action before dont forget to have stoploss! GL everyone~!
I have also taken in mind that the feds gonna increase rashes. On the chart we got increasing volume and thats really bad. Falling wedge pattern, but i want to see a new touch on the support and resistance line to increase my bias for this pattern. In the my on chain analysis i think 14k is a huge support for btc and where both my technical and on chain -analysis...
Detailed TA everyone should with focus and learn the movement of BTC and upcoming points where Possibly BTC can go My personal TA not a Financial Advice
bitcoin on the weekly, support and resistances drawn, fibs to consider. overall market sentiment is currently bearish, with optimism. September Fed rate review is something to consider. $btc seems content being under $22k for now
As per previous call We have hit our consolidation target. My order didnt feel by a few dollars, so i bought a smaller position when we broke out of 2 minute falling wedge. I will take profit at ~1650 just to be safe. Now the reason for the bounce here: - RS zone 1550-1600 hit - W 8 EMA being retested for the first time - 0382 D Fibs from june lows - Oversold on...
I went against my no shorting rule and took a small position last night when we rejected from 1960 with a large wick on 4HR. This is what usually happens - the price fakeouts with a bull break only to quickly go down and trap anyone who was playing a bull breakout. So I decided to take a small short position for shits n giggles. Thats where i put my stop - a Hard...
Wszystko wskazuje na to, że jednak nie zaliczyliśmy jeszcze dołka. Dołek dopiero na 12k imo
Alright so I was right and I was wrong Right - Nosterdamus type call here :) Wrong - However I did say we need to breakdown - bears needed followthru which they didnt get. Bulls held on, made it a support. Then CPI numbers came in and pumped the whole market, SP500, NASDAQ, and BTC. Anyway, now I am just a making note to myself that this is...
Bulls have to hold here or we going lower as we - break the uptrendline on 4HR - This Up trendline has been holding for 28 DAYS so its a notable breakdown. - Also Triangle on D RSI is being tested and bulls need to hold. Otherwise it is bearish divergence that is playing out starting from 22 days ago Some may say this is a great entry point as we are at the...
this is a great risk reward situation. i will enter a short here at 129$ and i'm lookg for a take profit at 14.2$ that is a 11.5% and will use 3x leverage. on the other hand,if a 4hour candle closes above 131.2$ i will cut losses and that is a 1.6% risk. techincal supports it and qnt needs a small pullback. for a safer bet you can take some profit at 120.3