According to the yearly progress of bitcoin, trend line analysis suggests price could have already reached 2020's highs. Trend lines also indicate that price is near the bottom, but there appears to be room for a slightly lower low, at around 3500-3550.
I don't think i've ever seen a V shape bottom occur in BTCUSD in the years i've traded it. I would expect a breakdown of this wedge pattern possibly into a true double bottom before rallying back up.
it's late, I am 5 pints of beer into it right now, just sharing what I see for the coming months. Can't really muster anything to type. You're all smart folks - let me know what you think.
USDCHF Potential Bearish Movement
we are waiting for a momentum candle close below 0.9740 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Wedge Pattern (in blue)
3- Resistance in purple from Daily 0.990
Three confluences are enough to consider Selling USDCHF, after a break below 0.9740 (in gray)
Following an amazing week with Tesla stock acting like a roller coaster and breaking previous pre-market pattern, here are some thoughts about the estimated price as well as last week analysis
Now I can confirm pattern Triangle on USD JPY currency pier. So just wait for crossing of T1 or T2, than we can make trade decision for arround 100 pips. I will update immediately after crossing.
Trend pattern of higher highs and higher lows point towards a new higher high within the pair, opened a long position at the beginning of the newest higher low hoping to see the fifth touch on the top trend line. Stop loss has been moved to zero and profit is currently £20. TP1 - £30 TP2 - £40
US dollar= Japanies yen currency pier is loading for the big game ! Pattern triangle on H4 chart, actually the pattern is neutral, not bullish or bearish, but you can make decision after crossing of T1 or T2 trendlines, trading on a same direction. Wish you successfull and healthy week !
What's up traders/investors? My name is Dalin Anderson I am an investor In my early 20's
I predicted the stock market crash we see today
and early bull market days of Bitcoin -
Bitcoin bear market was one of my alternatives
And stellar lumens was a great LONG & SHORT
So I have been around for a minute now :D
I now see a massive bull run coming in...
The symmetrical triangle pattern has reoccurred and is showing signs of breaking down even further in the USD favour, profit target 1 for this trade is £20, profit target 2 is £40, stop loss is £20.
THE MARKET IS FORMING AN ASCENDING CHANNEL WITHIN ASCENDING, CREATING A DOUBLE TOP AT THE HIGH OF THE STRUCTURE
THE TRADE IS ON DIRECTLY AFTER THE REJECTION ON THE DOUBLE TOP LEVEL, AND THE BREAK OF THE SMALL ASCENDING
