Qtum/usdt 1w. Big cup is forming. Price broke down the upside trendline(green), after that bottomed to the support of this big cup. Potential reversal zone.
Analyst 1week cardano If this coin start it can see 4$
The triangle btcusd’s priceaction has been in for awhile is now appearing to morph into a falling wedge on the 1 day chart. We are looking at the weekly chart though to show how that falling wedge is also part of a bigger bull pennant. I made the pole of the pennant lavender and the wedge yellow. The red line represents the neckline of a 1 day chart head and...
the green measured move price target is for if we confirm the double bottom breakout...the tan colored breakout is if we confirm the bull flag breakout...odds arew good if we trigger the double bottom breakout we will in turn then trigger the bull flag target as well. Price action is still currently retesting the double bottom neckline as support whioch increases...
OANDA:GBPUSD 1 Week Technical analysis of GBP/USD I used the Elliot Wave analysis tool as my main source of confirmation among others to project the possible direction of price. Feel free to comment and add your ideas on where price might go LIKE,FOLLOW AND SHARE
Bitcoin volume decline = the rise of altcoins Three components in analyzing the volume of investment in Bitcoin relative to the market as a whole 1- Breaking the big triangle downwards, which gives us the news of a sharp drop in bitcoin volume compared to the market in the coming days. 2- Following the downward channel shown in Jarrett, which also indicates ...
looks like the weekly has formed an ascending triangle which could also potentially be a bull pennant...the measured move for just the triangle has us somewhere around 76k and for the pennant around 85-86k. As always must await for a breakout confirmation. *not financial advice.
Hello friends BTCUSD 1W We are at your service by analyzing bitcoins in US dollars. It looks like we will have good growth for Bitcoin in the future . If Bitcoin does not break its support line, we expect Bitcoin to continue to rise. Please share your comments at the bottom of this analysis * Bourex *
taking it back to the chart I had set up on coinbase we can see btcusd once again finding good support on the 200 weekly ma....we can also see the last time we tested the weekly 200ma was the current bear market bottom of 3.1k...and we can see what the eventual result was a big bounce to 14k. it is obvious hoe crucial it is for us to maintain this moving average...
Hard to tell which one of these 2 current patterns is the more dominant chart pattern here but if the inverse h&s ends up triggering on the 1 day chart then the yellow ascending triangle here on the weekly will likely end up being the one that gets validated.
After a big dump by btc price action has now fallen down to the 100ma which is current support. Just below that we have the weekly 50ma(in orange) it is more or less currently double reinforced by the fibonacci 7.2k golden retracement zone. Let's remember that when we retested this zone before the last big bull surge we didn't actually make it down to the exact...
Triangles, Descending Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
As the bulls have slowed their progress in BTC and other cryptos like the lonesome LTC in its push upwards, it seems a correction is definitely not out of the question for the coming months. The downward channel in BTC is still clear and still unbroken and as we see a push up to the top side of the channel we have had a large amount of resistance from the bears....
I have spotted an amazing bullish price movement confluence for BTC. In the 1W Chart I spotted rejection towards the 2770 EUR Support Zone, and now the price made a Double Bottom pattern ( A strong price action reversal pattern. ) When I moved on to the Daily Chart I spotted this huge Head & Shoulders formation occurring with a Neckline ( Brake out line) @...
We could double bottom at the weekly 200ma and find our bottom there considering we have never closed a weekly candle under it. Next leg down you can see a major trendline here in this yellow horizontal line that could certainly provide the bottom we are looking for but if we are to retrace below that the next 2 horizontal olive green lines seem to be the end all...