Get started

4hrchart

A Possible BEARISH SHARK Pattern in BITCOINHey all! BTC/USDT pair has previously formed a bullish SHARK pattern on the 4-hour chart. We got an initial reaction. Then, the reversal seemed to fail, but it didn't and we saw a strong bounce upward. NOW, Bitcoin seems forming a possible BEARISH SHARK pattern on the 4-hour chart. $10,800 - $11,000 zone is the POTENTIAL REVERSAL ZONE (PRZ). It should be watched very carefully. If pattern forms, the first price target for Bitcoin is $10,500 level. This is a very critical support in general. If we break this level, there is a possibility of a vague BEARISH Head-and-Shoulders pattern formation to be watched. If it forms and there is a more downside to come. Honestly, it complements my other Bitcoin analysis in which I predict an initial price drop to $9,150 level. But, be careful! The bearish shark pattern hasn't formed yet. Appreciate constructive feedback! Have a great weekend!
Short
by TableLamp
4
4hr Falling Wedge on BTCUSD appears to be confirming. Watching for the descending yellow trendline to hold support if it even reaches that far. Many times these smaller time frame bearish patterns don't reach their full target during a bull market...but we must also be aware that there's still a chance it could dip down to fill the current CME futures gaps although I anticipate the one all the way down at 9.6k wont be attempted to be filled until we see considerable ore upside...but I must also be prepared should it try to fill during the current downtrend. For now probability favors the yellow descending trendline maintaining support.
COINBASE:BTCUSDShort
by DrDovetail
3
Potential 4hr chart double bottom in play on BTCUSD price action is 1 4hr candle away from 4hr deathcross, but this could easily end up being a deathcross fakeout even if the cross occurs...there is double bottom potential here on the 4hr chart if it can flip this green horizontal neckline to solidified support...the breakout target for the double bottom is pretty close to the target from the 4hour falling wedge pattern from my previous idea as well which makes for good confluence...also we are currently inside a bull flag too on the 4hr which is making upn the right part of the double bottom and also has a similar target once again increasing the confluence and in turn the probability for a bullish breakout. Best to wait and see it confirm first before making a move as well as seeing how price action responds to the initial cross of this 4hr deathcross.
COINBASE:BTCUSD
by DrDovetail
GBPJPY BreakdownPrice is going up to Target (144/145) through Trend creating Highs and lows. Price is currently at past highs where consolidation took place for a week. Currently testing that level as a Support and testing the Trend line. 4HR Fibonacci Retracement "Golden Zone" falls perfect with Support and Trend line. Price range also pulled back same distance as previous pullback couple weeks ago. Showing major confluence. Looking for price to make new highs by the end of the week. Fundamentally Friday will have a lot of EUR/GBP economical news during London session so its likely that news will push pair to new highs. Being that news is just in excuse to move the market the way it should.
Long
by JasonFosterII