After topping around 190, PEPE has been trading bearish for nearly a month. During this period, a falling wedge pattern has emerged on the chart. Falling wedges are classically bullish reversal patterns, so we're going to wait for a bullish break out of the pattern. My expectation is that we're still going down. The 115 area seems like a decent area for a...
Hello everyone, let's look at the BTC to USDT chart on a one hour timeframe. As you can see, the price moved dynamically above the local downtrend line. After unfolding the trend based fib extension grid, we see that the first support is at $29623, then the second at $29423, the third at $29263, and then we have a strong zone from $29098 to $28867. Looking the...
Higher local rejections aren't marked because they appear to be tested, if you're doubtful, mark them yourself. Initial lows, supports, untested spots marked with hotpurple box. Testing support currently, also a local low has been created, either we regain it and hold to continue with the move up.. or more likely, break below and push on to retest initial lows...
After a spike to test $32k in late June and early July, bitcoin declined in mid-to-late July and tested the $28k level which held as price support. Today price is on the rise and testing $30k with a move back into the upper half of the Bollinger Bands where price hasn't been since mid-July. A bullish move here would be a push through $30k for an potential...
The Bullmarket Support Band has historically acted as a support level for Bitcoin prices during bull markets. It is a simple long TF indicator and price tends to retrace towards it. For example, during the 2017 bull run, Bitcoin had several 30-40% corrections to the support band. WHY THIS MATTERS: The band just "flipped bull" on the monthly timeframe after a...
On Saturday, we drew attention to the bearish crossover between the 20-day SMA and the 50-day SMA. As much has not changed since that, we have no reason to change our stance and continue to think there is a good chance of Bitcoin falling lower (to the area around $27,00). We will update our thoughts once new developments appear. Technical analysis gauge Daily...
hello guys as you can see at the bottom of the chart I pointed out that the price touched the flip area, I mean: after that btc engulfed the last high and formed a QM pattern, therefor the trend changed from bearish to bullish!!! after that formed an ascending channel and keep it!! I believe the uptrend movement and long position because of the power of...
Since price has bounced before reaching our entry, it presents a good short trade opportunity towards our long entry area. Our long idea will come into picture after this short trade idea. Lets try this short before taking that proposed long since the opportunity is there. As mentioned the target should be the long entry zone around the LTF support.
Through the RSI we can see that bitcoin is extremely oversold. Whenever this has happened in the past, it has followed a rise in price. I believe that the bottom can be between 20k and 10k (not lower) and this is an excellent time to accumulate.
The price moved up and now facing some challenges in terms of resistance. The price is pulling back and likely to head down to the LTF support. This support lies around 29166-29236. I think a long is favorable from that support zone. The target of this trade should be 29560.
Hi everyone👋. I hope you have a great weekend .🥳🥳🥳. Today I want to analyze the structure of the waves during the last 4 days. 🌊The 5 impulsive waves that Bitcoin created were due to the of 🌐 MicroStrategy News🌐 and then started to form corrective waves. 🌊The structure of Bitcoin correction waves is Double Three Correction(WXY) . 🌊Bitcoin seems to have...
Hi, COIN has made quite a decent bottom price action but is it enough? Some months ago mentioned in the chat room that $50 can be the spot from where to grab it technically, and back then it worked quite well. The second option was after the breakout above $75. Currently, we have a break above $75 and for me, this is quite a decent breakout - this mini bullrun...
hello guys... as you can see, this coin react to the decision point and after that engulfed the last supply and demand zone, so it is possible it wanna touch the first supply and demand zone as well. on the hand this coin made a double bottom pattern so it is possible that this reaches $29510. _______________________________ always do your research. If you...
Hello Everyone, This idea is based on one of possible probability of Quarterly PO3. -July Month the price did the consolidation which can be considered as Accumulation. -July Last Week and August 1st Week Gave a downside move to the Weekly FVG & Weekly Inverse FVG which can be considered as Manipulation. - Now the Price is picking up momentum on Lower...
GRT presents a great structure on the daily with a break of the trendline and the formation of a clear head and shoulders. First target: 14.6c Second target: 17c The weekly also shows a promising formation that if it plays out would bring GRT to 50CENTS.
The best looking Alt-coin right now is BAND. It has a clear stop loss and has shown great strength to get above a historical support. Below you can see the trade and it's reasoning:
If you enjoy this analysis, please give it a like and a follow. MANA has been losing value for nearly 2 years at this point. However, I anticipate that there's some decent money to be made on MANA in case this falling wedge pattern plays out as I expect. MANA looks weak, and will likely lose more value in the coming weeks/months. I'm going to be very patient...
Greetings, TradingView Family! This is Richard, also known as theSignalyst. 📌 After breaking below the significant round number of 30,000 and a major low, BTC has exhibited a predominantly bearish trend trading inside the falling channel in red. 📉 If the current last low is breached with an H4 candle closing below 28,700, it is likely to trigger further...