Even after this (much needed!) correction, we still on track.
Think we have some accumulation in a triangle before going further to ATH again.
Yea, 14k is still possible, but think the bottem is already in!
It's ready to blast off and meet the next targets but it needs Bitcoin's approval.
- Bullish Pattern
- Medium RSI Levels
- $4.2b Market cap
*This idea is for training purposes only
Please excuse my colorful lines that are in between the Beam Bands. What you are seeing is a reflection of possible low and high target prices for Bitcoin going into 2021 based on the same type of channel for the 2017 bull run. These are merely speculative price points and should not be taken as accurate but if we base this on previous historical price points and...
hello everyone:
DOW has similar price action like SPY for the sell potential.
WE see price is stalling and consolidating in the all time double tops area, and forming correctional structure.
This is a good indication that price may soon have the reversal momentum I like to see.
Currently we see some LTF bearish move already, so look for more continuations to...
Hello traders:
Looking at SPY here for the potential sell setup.
Personally still have a short bias from a price action point of view.
Price is rather corrective within its current structure, and recent double tops area.
Want to see the bearish impulse from the LTF and break out of the correction, and find continuation structures to get in the sell.
Thank you
Hello everyone:
GBPUSD continues to be in this ascending channel structure, correcting itself up.
However, as we know price action will finished the correctional structure eventually, and the next impulse phrase can begin.
Currently price is at the top of the HTF channel structure, and within it LTF ascending channel.
Safest entry would be the breakout,...
Hi traders:
Seeing AUDCAD has this recent double tops, and price has been very corrective in the latest times,
We see the price is in another ascending channel reversal structure, and within a Head and Shoulder developing, very good bearish price action.
Looking for the confirmation breakout would be more ideal for the continuation sell.
Thank you
Hello everyone.
Still eyeing AUDUSD for the bearish reversal from the top of the current structure.
We see price had a strong pushed down from the previous parallel channel structure, and formed this larger expanding structure.
Price is rather very corrective in this, and we see that ascending channel structure at the tops, very good probability we will get...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for GBPJPY, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
XRP Has been growing immenslly since a few days. Luckily for us, XRP is following a clear pattern.
The pattern appears to take around 2.5 days to complete, resulting in a ~65% increase in USDT value.
Whether we will see the pattern unfold a third time will be clear in less than a day. If XRP manages to break out of the upper wedge, I expect the price to reach...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for GBPUSD, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
OANDA:EURUSD
That is a strange place to form this pattern.
Rejected 50% fib level. 50 EMA providing support.
What do you think of this?
Is Euro going to resume the uptrend after the consolidation?
Leave your opinions.
Hello traders:
Looking at GOLD here for possible further downside momentum.
We can see price has already dropped out from the previous corrective structure, and impulse down.
They key here is to wait for price action to develop further continuation structure to give us confidence for additional sell momentum.
I do want to see a correction similar like the...
Short update on DAX:
Still in a sideways channel with slightly higher lows and a flat top.
Index broke out during Europe's opening on monday but failed to find more bulls.
Wait for confirmation of a breakout on either side...
Hi everyone:
NZDCHF is once again at the previous tops, but this time we see the price action formed this corrective channel structure and a recent double tops.
We can see the latest price action is consolidating at the tops, and very likely a reversal correction will form here.
To confirm the downside, we can wait for the first bearish breakout, followed by...
![XLMUSD: STELLAR LOOKING BULLISH [But read the description]](https://s3.tradingview.com/b/bCrnf2RN_mid.png "STELLAR LOOKING BULLISH [But read the description]")
