Ichimoku trading strategy.
Weak bearish signal.
Price close below kijinsen and above kumo.
Btc is not bullish at the moment.
Higher time frame command PA.
22K ( WEEKLY 200 MOVING AVERAGE )
17.7K (FIBONACCI 0.786 RETRACE MENT)
Target - 40.5 -39.5k (sell/short) tight stop loss
A rising wedge in an uptrend is considered a reversal pattern that occurs when the price is making higher highs and higher lows. As the chart below shows, this is identified by a contracting range in prices. The price is confined within two lines which get closer together to create a pattern. This indicates a...
Bitcoin $btc bear flag
Expect 48% downside
29.2k & 17.6k dollars of btc literally possible,. #2022 & #2023
bear flag is a technical pattern that provides an extension/continuation to an existing downward trend. The bear flag formation is underlined from an initial strong directional move down, followed by a consolidation channel in an upwards direction (see image...
Bearish weekly close! 39k-36k
SHOOTING STAR PATTERN
Shooting stars signals a potential downside reversal and is most effective when it forms after 2-3 consecutive rising candles having higher highs.
A shooting star opens and rises strongly during the trading session, showing the same buying pressure that is seen over the last trading sessions.
At the end of...
$btc upcoming support 40.4-39.2k
double top chart pattern is a bearish reversal chart pattern that is formed after an uptrend.
This pattern is formed with two peaks above a support level which is also known as the neckline.
The first peak is formed after a strong uptrend and then retrace back to the neckline.
After reaching back to its neckline, the price...
double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset's price falls below a support level equal to the low between the two prior highs.
29k is area to confirmation
If breakdown occurs & 12-15k possible
Once an area or "zone" of support has been identified, those price levels can serve as potential entry points because, as a price reaches a point of support , it will do one of two things—bounce back away from the support or violate the price level and continue in its direction—until it hits the next support or resistance level.
Use tight stoploss