Hi everyone A rising wedge is a reversal pattern while ascending triangle is a continuation pattern. The major difference between the two patterns is that ascending triangle has a Wider angle (personally, more significant) or horizontal resistance line.
Hi everyone The price has received support at the LPS. It has also been able to break the resistance line (red line). what should follow is the consistent dominance of demand over supply (Accumulation- Phase D) SOS (Sign Of Strength) LPS (Last Point of Support) ST (Secondary Test) AR (Automatic Rally) SC (Selling Climax)
Hi everyone. This Idea splits changes in S&P500 into three relevant components: sideways, Accumulation, and Distribution. My explanation is in the actual chart itself. Bitcoin and S&P500 Index (2021-2022): The price of Bitcoin and S&P500 Index are fairly unrelated (To some investors, this might be surprising ...).
Hi everyone. A big move is coming in a couple of days. The good news is that: Interest rate path has not been decided yet (Jan- Mar) Is Timing Everything in Trading?
Double Top? Triple Top? Might be a good time to buy. Ignore people who sell bitcoin now. What do you think?
Don't Miss the Train! (We're looking at a completely incipient wave)
Wave-1 = $ 28 Wave-3 = $ 19000 Wave-5 = $ 65000 As a result: (Wave-3/ Wave-1)= 678 ! (Bears) Don’t do it, don’t do it, don’t do this! :)
Hi everyone. A Possible channel is shown in the chart Support= $ 37000- $ 38200 Stop loss (10%)= $ 36000 Stop loss (10%)= $ 35000 SEC: Wrong time, Wrong price (exactly breakout points) Why?!
Hi everyone. A Possible scenario is shown in the chart. Target-1 = $ 48000 Stop loss = $ 41000 Your stop loss can vary based on your Entry Point. My Strategy Plan (see attached Idea). RSI: Long term analysis:
Hi everyone. I posted about this pattern over 24 hours ago (attached Idea). The basic interpretation is that the pattern reveals that Bulls are waiting for better prices , but after breakout, it'll be a whole different game! Although the price may fail to overcome the resistance several times, this does not lead to increased power for sellers.
Hi everyone A Possible scenario is shown in the chart (there is buying pressure, falling wedge pattern). Long term analysis: ETC and Dogecoin Correlation Seems, the composite operator changes the price behavior!
Bitcoin price slipped below $44,000 shortly after notes from the Federal Reserve’s December FOMC session re-confirmed plans to get the balance sheet under control. ****** My explanation is in the actual chart itself. Risk levels (based on your entry): A (price < $ 38K)= no risk B ($ 38K <price < $ 45K)= medium risk C ($ 45K <price)= High risk (just hold)
Hi everyone. Don't obsess over the ups and downs of the Bitcoin, for every seller, there is a buyer!
Hi everyone. A Possible scenario is shown in the chart. Daily candlestick: DMI:
Hello friends, A Possible scenario is shown in the chart. Short Term :
Hello friend, based on Nonlinear analysis, It would be foolish for (bear) whales to dump further. See attached Idea (Accumulation & Distribution).
Hi everyone, I posted about Oversold Conditions, 3 days ago (RSI =29, MFI = 23.9). Now Daily RSI is 40 (a big move is coming). As a result, the outcome can yield a greater return than the amount risked on the trade, to begin with. I will update if I change my mind!