Double bottom formed Top of trendline resistance seems evident to tap Dividend date is fairly soon as well
Are we seeing a possible head and shoulders forming here on the 4-hour chart for Bitcoin? This would coincide with the $9500 target and possibly a slightly lower price into the $8900 level for Bitcoin. This price action would actually bring us into this Gareth Soloway yellow trendline.
I don’t see how the market continues on an uptrend after cpi, and the Dow is seriously overextended Reasoning: Trendline, daily, weekly and monthly supports Weekly price exhaustion Bottom of broadening pattern Favourable volume
Welcome to my daily chart of Bitcoin - this is a series of technical analyses Think of it as a standard trade "newspaper" #DYOR
The price is testing the daily resistance inside a broadening pattern. At the moment the price is testing the 0.5 Fibonacci level on the Daily timeframe. How to approach it? IF the price is going to have a clear breakout and retest the resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure...
Link 2H timeframe have entered a bullish pennant formation, before getting rejected at $8.5 area and channelling prices within the chart pattern. The structure of the strategy is intact, waiting for LINK to break out from it very soon
We can see clear and classic formation supply/demand zone on 15 min where we can take clear short possition targeting two Take Profit points.
Tweet what technical formations you see on the chart. Thanks!
Insights shown here are for follow-up purposes only. Not Acceptable as ANY Investment Advice
W Formation available. I've seen it as a double peak before but I was wrong Insights shown here are for follow-up purposes only. Not Acceptable as ANY Investment Advice
w formation available target is the part with arrow sign. 56 57 USD Insights shown here are for follow-up purposes only. Not Acceptable as ANY Investment Advice
Insights shown here are for follow-up purposes only. Not Acceptable as ANY Investment Advice
After the Algorithm filled the Fair Value Gap we can begin to think price will make lower lows judging by the trend and price delivery until now. Keep in mind this is the weekly timeframe. Trade safe! Good luck!
Morning, today we have a flag like 5% for today, and there are like 4 patterns pointing to over 102 price.
The price is in the accumulation phase between two daily structures, 1$ and 1.4$. On the 4h timeframe, the price is creating a pennant and had the market had a false breakout from the channel on 1.5$, it got the liquidity in order to retest the support. How to approach it? The price needs to create a new breakout from the daily resistance and 4h resistance. it...
With BTC in a similar bearish pennant formation, both remain in danger of forming a lower low and moving to the next significant level of support.
The price is creating a pennant above the Weekly support of 0.51$, in that area, the market created a demand zone (0.48$) so the price could grab new liquidity from it. How to approach? IF the price is going to lose the 4h support on 0.54$, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly...
The price is creating a pennant on the key level after a clear rejection from the 8.8$ area. and retested the 0.618 Fibonacci level as new resistance How to approach? IF the price is going to have a breakout from the pennant and retest the key level as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple...