Hello all,
This is a 12hour chart with trading pair BTCEUR to make it quite clear. The yellow falling wedge is the bigger picture and the high-blue color is the triangle formed inside the wedge. Currently we're moving at the downside of the blue triangle and regarding the bearish moves inside the triangle, the red candles are much more aggressive down instead of ...
No more running XRP. Time to decide wtf you are doing with your life.
XRP is approaching the end of its decsending wedge.
Will it break up? down?... or will it consolidate?
Steem has a working product and ten thousands of users and their business model is also interesting. They're the new blogger.com and medium.com if we can say. But with blockchain. Of course. So the fundamental factor behind this coin is no doubt, aside of that their team also developing SBD or Steem dollar but we're not discussing about it here. The thing is they ...
We've had a bunch of LVDBCML (Low volume down bars closing in the middle or low), which are signs of possible strength, but sometimes they fail, so here we seem to be building an inverse head and shoulders pattern, which is most often than not a bullish sign.
Hello friends,
I am here to inform you that we could be near the end of the bear market. $6,000 has just been the strangest support to me. I don't know why it has been holding up so well, but it has. Anyways, we are in a wedge, which means we will likely test the top of the channel and maybe come down to the lower channel again. We should break out strongly out ...
We had a wedge breakout to the upside, and insanely bullish support tests on the wedge resistance - but now price is on a resistance area and I would not start longing here unless you are already long - in fact, im gonna watch it here for far OTM puts with long expiry.
major support on red trend can be a cycle maker/ in the below of chart you can see the downtrend cycle is about to terminate//
the falling wedge is bullish reversal pattern and if breached we can see movement to 38% & 61% fibo lvl//
the time line of making new move is clear on chart//
bullish div is created on macd and histo//
good luck and have good ...
Good afternoon traders!
Bitcoin had a strong 6% pull back from it's rising wedge that we have been talking about for the past week and many analysts have pointed out.
https://www.tradingview.com/x/zTnBWJdK/
In my previous analysis on, I had stated we were watching the .618 level and would be shorting the top of the pitchfork if we didn't break above ...
History will repeate it self.
Before I continue, lets focus at 2014 bubble phases.
At 2014 bubble start and force bitcoin down to 87% with falling wedge pattern.
And after falling wedge break up, we can see meanline re-touch again.
That is end of bubble phases, and bitcoin need 563 days to finish it.
After meanline retest, resistance break up around 259 days at ...
Our Active Charts check them out, This Chart Only Has Buy orders
Buy BTC Around $5850/ $5500
Targets
$6315
$6856
$7850
Stop_loss:
Closing Below $5300 Weekly
Risk /Reward
8.5% / 34%
Invest:
25%
Time Frame
60 Days
Notice
This Signal Have high risk so follow Capital Management as we Suggest drop have Chance 60%
A rate of Succes for this Signal 40%
we ask ...
Rising wedge at the end of an uptrend is a bearish pattern. Momentum (angle of approach) cannot be sustained.
I expect an overthrow above this wedge via a price gap up on market open sometime very soon. This will be a trap sprung on the bulls in which smart money will liquidate into and late buyers will be caught bag holding and help push the price down as they ...
This is a high risk play and not recommended to be chased after.
I would see a long opportunity if this wedge is broken to the upside and when we see a throwback retest that continues upwards to $20.
