CutlossTrade

CutlossTrade Updated 

Hi, In the Daily timeframe we are seeing the current price action of bitcoin is consolidating in ranging phase. If we zoom into the lower timeframe, we are now seeing this reverse cup & handle pattern, which can be a bearish continuation. Be careful and stay safe!

CutlossTrade

As the chart shows above, the Head & Shoulder pattern are about to form. This happen on Weekly timeframe. And if we willing to see how strong the validity of a pattern, then we should see it from another perspective. If we zoom into lower timeframe, we may see that head and shoulder is also forming. Here's the chart from 3 Days timeframe And also, Daily...

CutlossTrade

As we already know, BTC are currently having a downtrend in daily timeframe as this dotted line show to us. Based on technical analysis rules, this downtrend will be invalidated if price breaks out the upper line. If we zoom into smaller timeframe like this one (4H), we find that a potential head and shoulders are in the making. Whole H&S is known as reversal...

CutlossTrade Updated 

We can see here DEGOUSDT is forming a rising triangle which is known as continuation pattern. Current resistance is $11.64 and it's also a 50% fib level from previous high. I personally wait for MACD signal to get into the wagon, but just like another alt coin it has to be linear with bitcoin price so i have to wait for bitcoin confirmation then decide to join...

CutlossTrade

Bull Speculation : - Price action is above the blue trend line, - Current price still traded above EMA 10 & 20. If current price action is able to hold and close above indicators, we may go and test 48,830 (which is the neckline of previous bullish in March) and may proceed to 51,226 USDT Bear Speculation : - MACD Indicator is crossing down - RSI Indicator is...

CutlossTrade Updated 

If upper flags gets broken and price are closed, possible entry is 123. The possible target might be to 134.

CutlossTrade Updated 

As we can see here, the daily chart made a perfect cup pattern from 1 Mar to 3 Jun 2021. Currently price are moving upwards to make a handle. 1270 is the current resistance.

CutlossTrade

BTCUSD is forming a descending triangle, even it is not in really perfect shape (caused by upward false breakout on June 13). But IMO the pattern still valid unless it's suddenly breaking upwards and closing over EMA200 line. Also, the EMA's line shown here is already crossing downwards (death cross) on June 23 which is increasing the probability to going...