Today I would like to show a bearish possibility of the further BTC course. In my opinion, one should also consider a contrarian alternative at any time, especially with steadily rising prices.
Here I show a bear pennant (Rising Wedge) which appears valid, except for a FakeOut of the upper channel boundary.
The breakout below the lower channel...
Bitcoin is currently still in a consolidation, which forms an ascending triangle. At the current time, the formation seems to be already more than 2/3 matured and a possible breakout is imminent in the next few days.
The volume is decreasing, this speaks for a continuation formation.
Volume must increase sharply on a breakout so that the...
This learning content or information is merely my experience, or are those techniques that I use or find useful.
The beauty of technical analysis is that an analysis or forecast can be made using many different approaches.
These differ in effort, approach, tools and technical approaches.
However, I think one thing is important:
Keep the chart as...
What are divergences and how do I use them in trading?
A divergence usually shows the trader that the price is moving in the opposite direction to the indicator (or vice versa).
To find a possible divergence in the price you can use various indicators (MACD, Stochastic, Momentum, etc.)
I will limit myself to the Momentum indicator, because I use it myself in...