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Bearishtriangle

Chainlink (LINK) in Bearish Triangle Chainlink has exactly the same structure as Tezos, which we talked about a while ago on my Trading view profile. You can use these two coins as a trading signal if you control trading Short positions on stock exchanges such as Binance or Bitfinex. You can earn on these exchanges even if the coins are falling, by opening the Short Positions. Or, if you still do not believe in this, set up your buy orders in the marked zone and you will be ready to hold positions.
Short
by Tradify_Labs
XRP/USD Bearish Hello Friends As you can see on this chart, XRP isn't going anywhere but further down. According to this pattern and similar patterns you can find here looking backwards, this is a bearish triangle. Yet it could prove us wrong. If it does turn around we would need to see XRP make a move towards the Ichimoku Cloud. That would be a risky early buy but nothing ventured nothing gained. If I was to buy in, I would have look backwards on the 1 hr time frame and see where the bottom was. This is where I would put my stop loss but just a little lower than that bottom. Then if it does fly by chance, I would trail my stop loss. Details on the Chart. Disclaimer This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework. Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment. If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you! CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype. Cheers!
POLONIEX:XRPUSD
by keifer
2
BTC: Symmetrical TriangleBitcoin seems to be consolidating inside a Symmetrical Triangle. This would be a confirmed bearish continuation pattern if the last of these 3 phases completes: 1) Background: A Strong impulsive, thrusting action with a surge in volume & price establishes a clear picture of the controlling bearish trend direction. In our symmetrical triangle price pattern, it is represented visually by a Pole. Deeper and more drama the better, as the Pole is the Key to recognizing the potential for the continuation of the pattern. The Pole represents trend direction as well as its strength & often this pattern is initiated as a new breakdown in price from an established area & sellers are in control. 2) The second phase is a pause for consolidation of the action both in volume & price and is represented by the symmetrical triangle . 3) The pattern confirms as a bearish continuation pattern if the action creates a new bearish breakdown with a surge again from the bears in both volume & price.
BITFINEX:BTCUSD
by MRudy
1
BTC: Possibility of a Bearish Ascending Triangle? (Part 2)- The most recent pump has painted a bearish divergence on the 1h, 2h, and 4h RSI. - I previously stated that if Bitcoin dumped from there, or even from a little higher, this could indicate the possibility of the formation of a Bearish Ascending Triangle if the price retests the ascending support line. > The divergence on the RSI has played out perfectly. Now let's see if the price retests the ascending support line, which would support the evidence of this potential continuation pattern. Ascending Triangles are characterized by a series of higher lows but the same highs. The horizontal upper trendline will experience multiple efforts as price resistance. The shape of the Ascending Triangle is altered by the slope of the ascending support line which ‘converges’ or; is inclined toward, the upper resistance line. Ascending Triangles vary in their duration, but will have at least two swing highs and two swing lows in price. This bearish continuation pattern has 3 phases: 1) Background: A Strong impulsive, thrusting action with a surge in volume & price establishes a clear picture of the controlling bearish trend direction. In our ascending triangle price pattern it is represented visually by a Pole. Deeper and more drama the better as the Pole is the Key to recognizing the potential for the continuation of the pattern. The Pole represents trend direction as well as its strength & often this pattern is initiated as a new breakdown in price from an established area & sellers are in control. 2) The second phase is a pause for consolidation of the action both in volume & price and is represented by the ascending triangle . 3) The pattern confirms as a bearish continuation pattern if the action creates a new bearish breakdown with a surge again from the bears in both volume & price.
COINBASE:BTCUSD
by MRudy
ETH: Bearish Ascending TriangleEthereum seems to be forming a bearish continuation pattern. Furthermore, on the weekly chart, the price has recently printed a pretty nasty bearish candlewick. Ascending Triangles are characterized by a series of higher lows but the same highs. The horizontal upper trendline will experience multiple efforts as price resistance. The shape of the Ascending Triangle is altered by the slope of the ascending support line which ‘converges’ or; is inclined toward, the upper resistance line. Ascending Triangles vary in their duration, but will have at least two swing highs and two swing lows in price. This bearish continuation pattern has 3 phases: 1) Background: A Strong impulsive, thrusting action with a surge in volume & price establishes a clear picture of the controlling bearish trend direction. In our ascending triangle price pattern it is represented visually by a Pole. Deeper and more drama the better as the Pole is the Key to recognizing the potential for the continuation of the pattern. The Pole represents trend direction as well as its strength & often this pattern is initiated as a new breakdown in price from an established area & sellers are in control. 2) The second phase is a pause for consolidation of the action both in volume & price and is represented by the ascending triangle . 3) The pattern confirms as a bearish continuation pattern if the action creates a new bearish breakdown with a surge again from the bears in both volume & price.
BITFINEX:ETHUSD
by MRudy
BTC: Possibility of a Bearish Ascending Triangle?- The most recent pump has painted a bearish divergence on the 1h, 2h, and 4h RSI. - If Bitcoin dumps from here, or even from a little higher, this could indicate the possibility of the formation of a Bearish Ascending Triangle if the price retests the ascending support line. Ascending Triangles are characterized by a series of higher lows but the same highs. The horizontal upper trendline will experience multiple efforts as price resistance. The shape of the Ascending Triangle is altered by the slope of the ascending support line which ‘converges’ or; is inclined toward, the upper resistance line. Ascending Triangles vary in their duration, but will have at least two swing highs and two swing lows in price. This bearish continuation pattern has 3 phases: 1) Background: A Strong impulsive, thrusting action with a surge in volume & price establishes a clear picture of the controlling bearish trend direction. In our ascending triangle price pattern it is represented visually by a Pole. Deeper and more drama the better as the Pole is the Key to recognizing the potential for the continuation of the pattern. The Pole represents trend direction as well as its strength & often this pattern is initiated as a new breakdown in price from an established area & sellers are in control. 2) The second phase is a pause for consolidation of the action both in volume & price and is represented by the ascending triangle. 3) The pattern confirms as a bearish continuation pattern if the action creates a new bearish breakdown with a surge again from the bears in both volume & price.
COINBASE:BTCUSD
by MRudy
BTC: Possibility of a Bearish Ascending Triangle?- The most recent pump has painted a bearish divergence on the 1h, 2h, and 4h RSI. - If Bitcoin dumps from here, or even from a little higher, this could indicate the possibility of the formation of a Bearish Ascending Triangle if the price retests the ascending support line. Ascending Triangles are characterized by a series of higher lows but the same highs. The horizontal upper trendline will experience multiple efforts as price resistance. The shape of the Ascending Triangle is altered by the slope of the ascending support line which ‘converges’ or; is inclined toward, the upper resistance line. Ascending Triangles vary in their duration, but will have at least two swing highs and two swing lows in price. This bearish continuation pattern has 3 phases: 1) Background: A Strong impulsive, thrusting action with a surge in volume & price establishes a clear picture of the controlling bearish trend direction. In our ascending triangle price pattern it is represented visually by a Pole. Deeper and more drama the better as the Pole is the Key to recognizing the potential for the continuation of the pattern. The Pole represents trend direction as well as its strength & often this pattern is initiated as a new breakdown in price from an established area & sellers are in control. 2) The second phase is a pause for consolidation of the action both in volume & price and is represented by the ascending triangle. 3) The pattern confirms as a bearish continuation pattern if the action creates a new bearish breakdown with a surge again from the bears in both volume & price.
COINBASE:BTCUSD
by MRudy
Detailed BTC+LONGS T.A!Indicators screaming for shorting CryptosWell, after couple of busy weeks, I'm happy that I'm back! Seems as if seasonality is kicking in, and my previous bearish btc prediction may kick in even earlier than what I initially anticipated (in autumn, not the summer, but here we go!). Both of the charts are in great detail, so there isn't much to say. It's a very basic yet effective approach (do not like over complicating). I'm also trying to avoid being repetitive and I've seen similar analysis from quite a large number of people, but there's always something to be added. And so, the bearish triangle has been quite obviously observed, but what next? -Few areas where bitcoin can seek support, bear in mind(not pun intended) it's always hard to guess the bottom, and so: 1. Around 4800-4500, 1.27 ret support line. This can be a good area to bounce back from however, I think that bitcoin could definitely go even lower. 2. +/- 3000. Psychological support, and plenty of analyst are calling it as the possible bottom in case BTC breaks bellow 6000. 3. 2460-2600 1.62 ret support line. I would say that this should, and most likely will be the end support, since BTC on it's way up was supposed to at least get as close as possible to 12000/12300, but that didn't happen(only 11780), and such a pattern shift could push btc from 3000, to the above mentioned bottom. For the analysis of the BTCUSDLONGS , RSI downtrend could be noticed, as well as a possible breaking of the current uptrend in number of contracts, which could lead to bitcoin being sold-off bellow 6000. Having a continuous uptrend in longs is the key for an uptrend in value for any type of asset, and when people/institutions start selling-off their long positions, bear market is on the horizon. Side note: Bullish scenario(Green arrows), very very low probability, noted on both charts. Breaking of the downward triangle trend line, could be a buy signal, but until then, I'll most likely avoid entering the market. P.S. At 6000 a very very large volume, could signal a great bull trap(yet again low probability). Disclaimer: //This is not a buy or a sell signal, you decide what to do with your own money!//
Long
by step_ahead_ofthemarket