We seemed to have confirmed the bullish break upward from the symmetrical triangle we were in (in pink) the target for a breakout from this pattern is in the 7.3k range. However Now that a higher high has been achieved if we were to have a sudden downside here before reaching that breakout target it would likely only form a higher low and then continue going...
We got very close to the original projected price target of the lavender wedges projected breakdown, but jut broke upward from the latest bear flag just before the new day candle started. What's a very encouraging sign is that we dropped to almost the exact same height as the left shoulder of this inverted head and shoulder pattern...always good for the validity...
We continue to form a bull flag at the top trendline of the pink symmetrical triangle which also doubles as the neckline of the inverted head and shoulder pattern. We can see the we are on the verge of a 4hr golden cross too with the 4hr 50ma(in orange) nearing the 4hr 200ma (in blue). A golden cross on the 4hr chart is very often followed by an uptrend. I feel...
As I anticipated in my last idea, we would likely meet resistance once we reached the top trendline of the symmetrical Pink Triangle. This has now happened and we are currently consolidating into a bit of a potential bull flag or bart pattern. I exited as close tot he top as possible and have a stop buy back set up a few pips above the top trendline of the pink...
We can see the stoch rsi is nearing the bottom again as we are about to reach the apex of the current symmetrical triangle/bull pennant pattern we have been bound in on the 4hr chart for the last couple days. Probability favors this continuation pattern breaking to the upside, and we have to potential bullish targets. One that factors in the height of just the...
Looking at the daily timeframe BTC has touched the lower wedge for the second time, we might bounce again.
If not, possible manipulated BEAR traps ahead in order to shake off weak hands.
(This is not financial advice, this is a volatile market where anything can happen).
We see a thick Kumo Cloud on the daily within the current upward trajectory. We may see a cloud rejection and perhaps a some slow, upward movement along the current low ascending trendline to bypass the cloud, and then a bullish move toward the top of the interior (violet colored) descending trend line. We may also see a more direct rebound through the daily...
Bearish Symmetrical Triangle continuation to the downside pattern playing out!! Watch for the 6th of every month for a key pattern direction change. Lower highs and higher lows with a break to the downside. COUNTDOWN TO JUNE 6th!
Target of 8000-8200 was my original target, but looking at this chart it might have a lot more room to go upwards of 9000 range. Once...
How we see the pair fall down (1.190) and broke important structure (i1) so what's next?! The pair right now is testing "Light support" (1.181) after this support here is coming support one: (1.171).
In my mind, we must wait when the market will make some nice growth from this fast and strong fall. We need to see moves to make entry decisions. So I'm Buy but not...
Bit of non-aligned charting of Bitcoin, we know patterns and interpretations don't make trades on their own but symmetrical patterns?...still No but it is interesting to see another view of bitcoin pricing using symmetrical patterns.
If there is a breakout of the neckline channel, this could be potentially be seen as completion of the lead up and exit of the...
My stop loss was triggered earlier and the current bearflag that was forming on the 1hr seems to be now morphing into more of a symmetrical triangle about to reach it's apex...probability favors a downward break but if we notice on the 4hr the previous 4hr candle was a long legged reversal doji which may be enough for a trend reversal....so far there has been...
Hi there. I have read some popular threads about BTC patterns here on TV. People say that bitcoin is forming symmetrical triangular and it will go bullish up to 1.618 fib which is at around 15k. What I want to say is that, if BTC is forming symmetrical triangular it is going to dip, Why? because in my knowledge symmetrical triangular in downtrend means bearish...
Iota showing a symmetrical wedge, which in this case could be a bullish continuation pattern of previous uptrend.
Needs more volume to start breakout, but this could be a nice entry point!
Stochastig RSI pointing up.
We see here a symmetrical triangle pattern after an uptrend. It can either break it upwards and go bullish or break it downwards and go bearish.
I made an analysis supposing that it will go bullish.
After the C wave, it may go up to 1:1 with the A wave to the 1 Fib Point. If it rises up as the difference of the triangle it comes in the zone between 0.786 and...
