This is where am planning to buy spot for long term 12-15k
I would be carful as we are getting close to supply zone. wait for a break out of the uptrend that would make it safer for entry.
Bullish divergence + inverse head and shoulders + breaking the uptrend = 28k Please set a stop loss in case of a deviation from the downtrend.
Update of the previous chart, and it looks like a symmetrical triangle, which could go in either direction. Just have some patience and wait for a breakout with a retest.
Rising wedge is usually a bearish pattern. Wait for a breakout + retest
As long as we are below this downtrend, Bitcoin is bearish till we break above it. 1- Downtrend resistance (Red line) 2- Broke the rising wedge (Purple line)
It really depends on Bitcoin where this will be breaking. There is a bullish flag pattern; however, if we break the uptrend this will take us all the way down. Wait for a breakout for confirmation + retest.
Bear flag pattern, which is bearish. Just wait for a breakout and retest either ways.
Bearish bear flag pattern. There is a higher chance this to go down then up. The invalidation breaking this bear flag to the upper side of this bear flag.
$SAND looks like a rising wedge, which is bearish, but you never know what happens those days. let the breakouts decide with a retest. always put your stop losses, and never take a trade without a confirmation.
Whether you are bullish or bearish, it does not matter. If you are on the side, you have to options either you wait for a confirmation for either ways, or take the risk. Bullish pattern "Falling wedge" within a bearish pattern "Bear flag"
Ascending triangle pattern Please do not forget your stop losses
It looks like a falling wedge, which is bullish. Please set up your stop losses.
Looks bearish IMO as it confirms bearish bear flag. Wrong if we break above this channel with a retest.
Looks like a falling wedge, which is bullish. breakout with a retest of the support and then up. a breakout is my trigger with a retest.
This could play out. falling wedge Bullish short term rising wedge Bearish long term Remember: trading is a game of probability
Another bearish hidden divergence as shown on the chart + bear flag.
$BTC if you are wondering why am DCA for my spot positions in those ranges, here is the reason why: 1- Before the 2021 bull run, #Bitcoin tested the 20 MA multiple times before flying 2- the second part of the bull run, #Bitcoin tested the 50 MA multiple times before flying 3- Now, bitcoin is testing the 100 MA multiple times? does it that mean we will see ATH,...