is it? i mean that's it? of course it looks like a bull flag but shouldn't we at least touch the historical support after this deep bear hole? so breaking out of a wedge did the trick? honestly, i don't know. this looks too easy and too good to be true.
i think the big difference is we are way overbought this time. :)
but who knows? maybe the Santa is real!
Everything is falling in line for ~3k test.
both RSI and Stoch RSI show bearish divergence. SAR, waves, trendlines, channel, wedge, almost everything confirm the further fall. this downfall is not over yet. but we may see a little correction on the way down.
BUT this is TA, you can never be sure. we can just filter out the possibilities.
i think the best move...
Hello dear fellow analysts.
I tried to make a self explanatory chart but i'll highlight few important things:
1) well, obviously we are in a huge down-trending channel (Red).
2) we are waving inside this channel and we already completed wave 1, 2 and 3.
3) by the formation of these waves we can assume we have a Wolfe Wave pattern emerging. which is a very good...
I was studying about market correction cycles this week and i found out this kind of movement that BTC is presenting lately is somehow inevitable after a parabolic movement which we had in Dec-Jan this year. (hence we are stuck in a bear phase for almost a year).
we need momentum. i'm not seeing any problem in the fundamentals. but if BTC take off right...
Hello guys. just noticed the pattern and wanted to share the idea.
Both RSI and StochRSI agree that price gonna go up, but NOT MUCH. this may cause the Right Shoulder to emerge.
MACD in 2H candles already crossed over so price may go up in meantime. so maybe we see the right shoulder soon.
and if the price retraces proportional to the height of the head, we may...
everything is in the chart for now. maybe it's a bit late but i draw it a few hours ago. i wanted to post this as an update to the last idea but couldn't.
Still has a potential to happen so here you go.
what do you think?
im still very bearish about the market. i strongly believe this break down would happen. but im not experienced enough to confidently call it. it would be nice if you share your opinion on this matter.
Thank you in advance.
Hello guys, I'm new to trading crypto or trading in general. actually, I don't trade much for now. I found myself interested in charts and I like to watch them. here is my first actual TA, bear with me if it looks funny because I know it does.
am I doing this even right? Or using two patterns in one area is a bad idea?
just wanted to hear some...