Get started

Ascending Triangle

Dollar vs Bitcoin: who wins?Hey guys. In this study I compare the dominance of the dollar in the crypto market, against the price of Bitcoin. The dominance of the dollar in stable coins represents the percentage of capital in this asset in relation to the cryptocurrency market as a whole. When this percentage rises, it means that people are more positioned in dollars. On the contrary, when the percentage drops, it means that there is a higher positioning in the other cryptoassets. If we look at the dominance of stable coins, such as 'USDT.D' (Theter), 'USDC.D' (Circle), etc., and compare with Bitcoin, we can say that there is a negative correlation. In the graph at the top that I present to you, I added the dominance of all the important stable coins -- USDT, USDC, DAI, UST, BUSD, HUSD, USDK. And not to leave out the weight of the traditional market, I also added the DXY (U.S. Dollar Currency Index). In this one I divided the value by 100, aiming to have a more adequate measure proportion. On the bottom chart of the screen we have the price of Bitcoin, in an ascending triangle, which is a bullish pattern. Fact. Regardless of war, pandemic, FED, news or whatever. We have two important regions within the parallel channel, within the dollar chart: every time the value reaches the top of the channel, we have strong Bitcoin appreciation; and every time the value reaches the bottom of the channel, we have a strong devaluation of Bitcoin. In the current scenario, we are in an important region, indicating a possible depletion of dollar strength, through a 'shoulder-head-shoulder' graphic formation, which would be a bullish scenario for Bitcoin. However, not everything is flowers. Imagine that you are a whale (if you are, congratulations), and knowing the value of BTC and everything it represents (of you being your own bank, having the freedom to do whatever you want with YOUR money, regardless of parasite politicians), you want to acquire more BTCs. Well then, what would you do? I would try to buy it as cheaply as possible. And that includes manipulating the market, creating fear, panic, FOMO (...) (not that I would) We are seeing a flurry of news, both for the positive and for the negative... saying that institutional X acquired millions of Bitcoins... that company Y adopted Bitcoin as a form of payment. 'Everyone is buying, now I'll be a millionaire'... Meanwhile, proponents of the apocalypse always claim that the end of the world is coming: 'war on Ukraine', 'new pandemic wave', 'Fed monetary tightening'... All this for the sardine to get confused, buying top and selling bottom, and rotating equity. Who wins are the brokers with the brokerage fees. And even if it makes sense to execute a sell trade in bottom (imagining the world is going to end), there is always a buyer on the counterparty. Just to reflect. So watch out for the news.
HLong
by andre_007
NEO's bullish Trend Explained.NEO was in an Ascending Triangle & Recently The Break out Has Happened.So This Means the Price can Increase Freely.an Important Resistance Sits at 29.64$ If The Price manages To break this Resistance, The way to 38$ has No Difficulties. Since The Pattern is the Ascending Triangle, It means We Can Expect The Price To Increase as Much as The Measured Price Movement(AB=CD) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
15
Ascending Triangle for Bitcoin??BTC appears to be consolidating in an ascending Triangle, the exception target in a bullish scenario is approximately 200k. Hard time believe until it happens. We've seen a rejection at the 200 DMA, and a bearish divergence. Bearish divergences occur when prices rise to a new high but the oscillator can only muster a high that is lower than exhibited on a previous rally. Class A bearish divergences often signal a sharp and significant reversal toward a downtrend. 13k is my bearish scenario with a classic gap fill, unlikely but possible.
BITSTAMP:BTCUSD
by ScotianBot
Ascending Triangle in the XLEThe Macro trends of 2022 are no secret to any of us. Sky rocketing inflation and the war in Ukraine have lead to soaring energy costs around the world. As a result, Oil has seen a period of extreme volatility, reaching a high of closing high price of 129.44 on March 8th. As a result, the XLE has followed suit and is up about +30% year to date. Exxon, the largest holding in the XLE, reports earnings on April 29th and has expressed that the anticipate setting record profits. Buy the rumor? The XLE appears to be forming a nice Ascending Triangle, which could be suggesting a bullish continuation. The Ascending Triangle isn't a particularly strong pattern from a statistical perspective with only about a 60% chance of realizing the bullish continuation. Take it with a big grain of salt, but there is also a very slight Hidden Bullish Divergence on the MACD. Nevertheless, it warrants paying attention to as a potential swing trade. A lot will depend on what Oil does, and the fact that XOM and CVX are reporting earnings on the 29th muddies the waters a bit. However, it could offer a nice opportunity for a shot in the dark trade to the upside looking for a pop the upside in advance of the earnings. Maybe something like an OTM Call spread around the .30 delta in XLE 30 days out or so...
AMEX:XLELong
by InnerMotionTrading
2
Biocon Long IdeaIf you like the idea kindly like, follow and support me. NSE:BIOCON has formed 2 beautiful chart patterns i.e. Ascending Triangle and Cup & Handle Pattern. It is trying to go for a breakout but the real rally may begin above 353. It is having a support zone of 325-330. Ideally, the target of Cup & Handle Pattern is the height of the Cup and stoploss is the bottom of the Handle. This idea is for chart learning purposes only, if you want to trade then trade with your own risk, proper money and risk management. And always trade with a stoploss guys.
NSE:BIOCONLong
by Aniket0412
AVAXUSDT is testing the weekly resistancethe price is going to retest the key level of 98.75 (weekly resistance) On the daily timeframe, the price flipped the 90$ area and retested as new support. On 4h timeframe, the price is creating an ascending change below the main resistance. How to approach? For the bullish scenario, the price needs to have a new breakout from the weekly and ascending channel . According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
USD/CAD: Ascending triangle U.S. Dollar/Canadian Dollar forming an ascending triangle in formation that we need to hope an entry to long position in USD/CAD. This trade have a projection to find up 87 pips. Meanwhile, it's required to hope the economical news in U.S. Dollar and Canadian Dollar and what will be happen for tomorrow combining with this technical analysis. This it's the H4 timeframe panoramic and what Il look because we could to go back to the upside to find up the resistance key at $1.2600 CAD approximately what in the past weeks we forming a consolidation in that zone. We're in the important reaction that we would to be cautious to trade this par becuase we have chance to going to the upside. As also, we have 2 potential target to reach in this Daily fibonacci at 0.382% and 0.618%. But we hope this trade to long position following my perspective I will update this par until break out the $1.2530 CAD, I will put my alarm on this zone.
Long
by harisonhbn9718