Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Although the wicks of a candle also provide support and resistance, the body is a stronger indication of selling and buying power. Based on that conclusion I think the Bitcoin is forming a big descending triangle. The bearish pattern, which most of the times is a continuation pattern can be a reversal pattern. If so, the target of this pattern is from the break...
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Are you ready for the break :)
Nice short incoming. Rising wedge in combination with decreasing volume and divergence on the MACD indicates that we should go lower very soon. Good luck :)
Last waves down to complete the bigger B wave down. Also a very nice long (C wave) incoming but I'll come back on that later on. Good luck! No Financial advise (Is this really necessary?)
Please let me know what your personal point of view is. Cheers
If this rally was a corrective wave A to the 38% fib level a typical B wave should retrace at least to the 50% fib level (2413) of wave A up. before bearish continuation
For my own use