If it breaks this pattern, LTC will rally very strongly to $130. However, if LTC declines and forms a 3-peak pattern, it is possible that LTC will fall to the $90 area and even deeper to the $70 area.
Bitcoin (BTCUSD) touched today the bottom of the Channel Down pattern that started a month ago on the March 14 High. Ever since is posted Lower Highs and Lower Lows, dropping under the 1D MA50 (blue trend-line). Since the long-term trend for months has been a parabolic rally, this pattern can be seen just as a big Bull Flag, a necessary short-term pull-back before...
So after a couple of last sells, I bought bitcoin at the very bottom of the trading range at 60,000 price has been giving some bullish signals and once again price has returned to the trading range as soon as it reached the 60k zone
🧠We did not continue downward after falling below the previous low, but instead experienced a strong rebound. From the perspective of wave theory, the cycle of the wave has changed, indicating that Wave 5 may have ended.
➡️From a graphical perspective, if you want to continue to fall, you need to form a descending triangle here, otherwise it will be difficult to...
📊 Analysis:
Daily Chart Support: Ethereum (ETH) is currently trading at a support level on the daily chart.
Entry Range: Consider entering the trade between $2,850 and $3,050.
Profit Targets: Aim for profits at $3,400 - $3,700 or $4,100 - $4,300 resistance levels.
Risk Management: Set a stop-loss just below $2,780 to manage potential losses.
📈 Trading...
Hi.
BINANCE:IDUSDT
Today, I want to analyze ID for you in a 12H time frame so that we can have a SHORT-term view of ID regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
➡️ the odds of another bullish Movement is Pretty high because the pattern which ID is in, Is a Bullish wedge...
Hello SOLUSDT traders, let's discuss SOLUSDT!
Currently, SOLUSDT has paused its sharp decline as the price has approached and received support at the level of 124.48.
The price is now consolidating, and the future direction is still unclear, with two potential movement scenarios indicated on the chart.
Which scenario do you think will occur? Personally, I am...
APT is now trading around 9.12$. APT is moving inside a symmetrical triangle on hourly time frame. So the Possible scenarios are If the price pumps up and breaks out of the triangle, we can see bullish momentum in it. Otherwise If the price dumps and breaks down of the triangle, we can see bearish momentum in it.
Stay tuned with us for further updates✔️
ethbtc looks bottomy
btc looks like it might hold 60k and at least test highs
mass liquidation event earlier this week. Largest altcoin apocalypse in a year. Open interest and funding are low
also lel megaphone sort of
Ethereum is displaying signs of divergence, suggesting a potential breakout towards targets of 3124 and 3270 in the upcoming sessions. Traders should watch for confirmation of the divergence pattern and monitor price action closely.
Support and resistance zones are the key in trading. As long as we can stay above 0.60, XRP remains bullish. We are coiling up for a big move. Last weeks we are just ranging, the price doesn’t move much so prepare for the move…
I believe that once we can break the triangle formation and break the price of 1.20 we can see a new all time high. This triangle is...
Well this is interesting, seems like we may get some exciting news narrative to push us to the upside. This is super exciting considering this is where altcoin season is expected to happen. #utility
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This pattern is a Grade C
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Decided to relook the strategy and redo the strategy validation by run a manual backtest from 15 March to 18 April where the regime changes from bullish to a bearish range on the D1 chart.
I am aware that once the regime changes and need to revert back to the original Long strategy
New Observation
The pull backs still happen...
On the 5 day you can see if you draw 2 fibs, one from the last break up... in yellow, another fib, grey from cycle low to top, and look back, you can see that there are 3 tops that need to be tested from previous cycle.
when you draw the yellow fib, the previous high has to be tested, that's between the 6.18 & 78.6, 90% of the time, that top gets tested,...
Hi
Stacks is in an overall uptrend, moving within an ascending channel💁♂️
After testing the upper boundary of the ascending channel, the price pulled back🫠
After breaking down below the MA 50, expect a potential move towards the lower boundary of the channel🔻
Stay awesome my friends.
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✅Thank...
K3 break down and close below K1,
It is a strong bearish pattern,
And it verified the previous bearish pattern K0.
From K0 to K3,
The supply pressure is also increasing.
A potential large scale double top pattern is on the way.
Will K4 price up to provide an opportunity to let me get out of the market ?
I don’t know.
So, I cut off half of my long positions...
