Do you know what this pattern is called? Hint: go to google and search for rising wedge.
Personally, I would enter long at 0.03240. My reward to risk is 2:1 Profit 20% from entry Risk 10% below my entry
Symmetrical triangle waiting for a clear breakout to long or short.
It all depends on the weekly close, if we close below 43k, will short heavily/ if we reclaim the resistance at 44.3k then I will go long, and play it to 48k first and then 52k
Since bitcoin broke the uptrend again, am expecting a dump to 43-42k, and then a bounce back.
This is the bigger picture of the coin. Its currently in a downtrend, and got rejected by it. However, If we break this downtrend, this coin will fly/ I would not enter at the moment, will wait for a better entry or a breakout of this downtrend.
Its in a symmetrical triangle. There are 60% chance of going up, and 40% going down. I will go long, and put my stop loss 5% from my entry. Please show me some support by following me on Twitter. Thank you!
It looks like a falling wedge, which is bullish. Targets: 4.8 and 5.3
We reclaimed the fake out that happened yesterday after we broke the symmetrical triangle to the downtrend. Once we break this symmetrical triangle, this will fly: This is my targets: Tp1 : 34 Tp2: 37 Tp3: 45 Good luck! and your risk is just 5% from entry
Its obviously in a downtrend, so its better to stay away till a clear breakout and then go long.
Symmetrical triangle could breakup to the upside or downside. Just wait for a breakout either for the upside or downside for long or short.
Ascending triangle, which can break to the upside or downside. Just to be in a safe zone wait for a breakout and ride it whether its up or down.
This is my overview of Bitcoin. There are several resistance that bitcoin is trying to break throw: 1- 200 MA resistance 2- Yearly open highs 3- uptrend resistance line 4- downtrend resistance line its currently in a big symmetrical triangle which could go up or down. Personally waiting for a conformation for breaking to the upside would be safer, which is...
1- M shape should be completed. Entry at 1.06 or at 1.01 2- Ascending triangle is usually bullish, you can ride this with a breakout of this triangle and retest then the target will be at 1.4 for short term
Double bottom W shape. its ready to pump. Take profit as you wish. NFA DYOR
its in a symmetrical triangle, which it could be bullish and bearish, so just wait for the confirmation of breaking it to the upside and you can go long.
Would wait for a better position for spot, but for long term looks bearish because we just broke the downtrend, and the target is on charts as shown
We are in a downtrend, but once it breaks this downtrend will go long and my first target will be at 80