Blackbirdtrading
BTC going to be bearishAs we posted in previous idea BTC is trading inside a bearish triangle and its broke out of it. Most youtubers still saying we are bullish but birdies are not.
We are seeing a rectangle which is a continuation pattern means soon we are going more down to hit our target which is 40k-41k.
We may go down from here or we gonna retest the neckline of triangle but both scenarios are bearish.
BTC updated chartsAs said in the previous idea BTC fall from the HnS or _ick as some said. On H4 that area created a strong resistance.
Analysis
Below strong resistance
Below fib resistance
Took support on fib level and a trendline from ATH area.
But with the wicks I can say the trendline and fib levels both are broken.
It is retesting the resistance
Actions
If next candle close above resistance we do long or else short
WAVES pretty confusing chart huh?Waves has broke down after making 3 peaks and now testing the support as resistance.
But this falling wedge with a perfect bounce on fib level 0.5 making it sound like one more bullish wave is coming which will put waves @ 85.
ETH symmetrical triangleHello, our very first ETH analysis.
Analysis
Under Strong dynamic resistance from ATH
Under strong Structure resistance
Symmetrical Triangle in progress
Actions
Let's wait for the squeeze
Wherever it broke we took the trade.
Most chances are a bearish broke with a 6-7% profit.
SOL short setupSOL is in bearish trend since ATH. Our members have made huge profits throughout the trend. Here is the next plan
SOL breakout of the descending triangle and still in descending channel on H1.
Mentioned are the entry prices for short and profits can be on breaker block (blue) or untested bullish block (gray)
SXPUSDDT AnalysisSXP is making a Pennant. If it breaks upside so it will go till weekly resistance. If weekly resistance not flip so its a good buy opportunity at 1.06.
Long from 1.6 if weekly resistance flip so long till 2.2
If weekly resistance not flip short till 1.06 and then again buy at 1.06 for long.
Thanks
SOL bearish triangle is formingSorry for not posting new ideas recently was not feeling well at all.
SOL is forming a big bearish triangle on H4.
Previously we are expecting price fall to $45-$50 but if we take the height of triangle and put it on chart it is now pointing towards $27-$30
Which is a very giant support for SOL it was tested 5 times in past before the big jump.