As price breaks out from Descending Triangle is it possible that we are forming an Ascending Triangle? Calling early. Descending Triangle analysis.
After loosing a key Weekly on a move to the downside, next question is where to next right? Spent the morning trying to second guess the market and in essence try predict the price. Garbage. Trade the moment and whats in front of you. Knowledge is power. Well respected in my opinion backed by some decent fibs is a descending triangle. Fibs drawn from highs to...
Fib drawn from an impulse move to the recent high at current price level above 0.382 is bullish. Consider breaking the 0.382 for considerable downtrend, selloff. Until then, uptrend all the way! Retracements happen. My opinion, at present buy this dip.
Inverse Head and Shoulder pattern on monthly time frame with recent what seems a decent monthly support. Also Fib 0.382 from low to high - signalling possible Bull Flag.
Multiple channels, naked point of control (courtesy of Exocharts), incl. support and resistance levels. Keep an out on BTCBNB chart - it's a key indicator as is ETHBTC, BNBBTC, all BTC pairs. Dont forget the Dollar Index :) Fun .. Live to eat or eat to live? Love the game! :p
Current probable reversal point BNBBTC, and possible breakout on BNBUSDT
Nice formation and possible breakout BNBUSDT with confluence of ascending parallel channel.
Flip resistance bnbbtc which could see a BNBUSDT rally. On mobile.
Trend via parallel channel. Make of it as you wish. Don't be emotional and remember cut your losses don't hold. Patience is Key. Focus on all charts. Look at BNBBCTC.. Focus :)
Need I say more? Bearish Gartley ("I dont believe in Bearish/Bullish") .. Depends on time frame. Anything goes, but do see similar pattern again BTC for confluence. Possibly .. Probability? Risk? Do look at BNBBTC .. I recon Gartley and currently breakout in my opinion. We just lost a key level as far as this asset is concerned. 265
Lines of confluence from high to low. Currently a pinnacle point, good trading opportunity.
Clearly broke down on the falling wedge. A pullback, facing bottom of the wedge may bring BNBBTC back in the game! Looking good, see where this takes the price action. Nice pullback! Love it!
Channel drawn on most recent trend and as can be seen well respected with previous trend. 0.382 respected from, fib retracement pulled from bottom of impulse move to recent high. 0.382 until broken is a bullish signal. If lost would expect heavy selling. Bullflag and support/resistance levels.
DXY touching a Monthly resistance in a Rising Wedge. Bitters Weekly support in a Pennant. Bitters also in a Falling Wedge. Bias bitters (BTCUSDT) to the upside. BTC Weekly also local CC 0.618. DXY close above Weekly 104.650 will be a Game Changer. Possibly, probably push BTC down a notch. Will be looking at the pwLow approx. 23,415 .. Monthly 23, 300.
Forecast should the price breakout. Top of the range back to the CC using Trend Based Fib Extension gives a target of 25,700 and daily.
Ascending triangle with monthly, weekly, daily, nPoc support levels. Pattern should play out within this week ending Feb 24, 2023. The ascending triangle is a bullish continuation pattern which signifies the continuation of an uptrend. Ascending triangles can be drawn onto charts by placing a horizontal line along the swing highs – the resistance – and then...
Inspired technical s from a followee. Risky asset, assets have to start somewhere. 24 hour volume 23.22M (low - by that prefer something over 700M). Market cap (low - 33M). Trade with caution. Make sure that you learn from anything you do. Next time Crush It! Timely support on Monthlies seem difficult to find and draw. Because of this, concluding choppy and...