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Breakdown

Can we get a retest of this Rising Wadge on BTC?As i told you at 44k we had hidden bearish divergence on the weekly and bearish divergence on the daily, point of control, daily resistance level and golden pocket. On the top of that we had this bearish pattern called rising wadge that we broke to the downside so it was clear to me that we are going down. At the moment we are at the support levels where i am taking advantage of the ranging market because of the low volume on the weekends. However i am expecting a bounce from this point at beginning of the week and retest of the breakout point betwen 42 and 42.8k where we can get our short position filled. On the weekly i am still bullish and i am expecting a bounce from the ascending channel on the weekly and continuation of the bullrun 2.0. If we break the channel and close weekly below it we can expect bear market and lower twenties. What do you think about this rising wadge retest and can we reach the target? If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
BITSTAMP:BTCUSD
by Mladen94
1
Bitcoin doing Bitcoin things... #btc Bitcoin broke out baerishly of the small uptrend it created recently, to test 40k once more as support. So far it's holding on for dear life but again only lower highs, the argument of bitcoin holding 40k gets weaker and weaker. If we break 40k to the downside, 38k is the next target and if that cant be hold, we test the january lows again, and might go for a type 2 return of that harmonic, what actually would make up for a great spot to buy bitcoin. Proceed with caution at the moment, with the situation in ukraine, we can't be aggressive in this markets, there are times to make money and there are times not to lose money. Good luck on your trading!
by 10xTrading
Ascending Triangle on BTCUSDHi Traders, I normally don't do shorter time frames but as you can see on the 1HR of BTCUSD, the price has had lower lows and equal highs. This is obviously a symptom of an Ascending Triangle. There is one small thing that is kinda weird and that is there is one move out of the resistance line which looks like a fakeout/ liquidation station. This will break out in the next day or two and the target is 46k USD. However, in the rare case, we DO breakdown 42.8k is the target. Safe trading, -Pulkanator
Long
by Pulkanatir
5
Gold Giant Pennant "Giant Pennant" sounds funny, but that is exactly what Gold finds itself in. A giant contracting pennant pattern. The nice thing about these patterns is which ever way they conclude they move to approximately the length of the widest range of the pattern. The bad thing about these patterns is that no one can really know how they will conclude. The ending is often marked by many fake outs, leading both buyers and sellers to mistake which way the pattern will conclude. If the markets can stay strong and oil continue its push to 93, then we can reason 1. there will be highly likely a bearish fake out dipping below the bottom of the pennant bottom. 2. We can estimate the price target at around 2110. 3. IF on the other hand the market remain weak this will likely do the opposite and fake out the bulls and conclude down to a target of 1541. We only need patience and let this play out and with more certainty we can profit from what wil likely be a very strong move in either direction
COMEX_MINI:MGC1!
by Sinex
1
BINANCE COIN EASY + PROFITABLE SETUP.So, what you all actually see is a Descending Triangle Pattern formed in Binance Coin. A descending triangle is a part of the 3 famous triangle patterns, namely:- Ascending, Descending, Symmetrical. All these patterns are some way or another part of Price Action Trading. In this case the upper trend line indicates lower highs and the bottom line indicates equal lows(~). And eventually, price breaks the pattern and a Bearish Breakdown occurs.(Keeping in mind that the break may vary in the other two patterns). After the price took a little support, it went back up and retested the previous support which is generally when most of the traders prefer to enter and make a position, as it's the safest entry possible in the given circumstances. With that being said... Happy Trading !!!
BINANCE:BNBUSDShort
by Fobstar
Simple PRICE ACTION Setup In LUNA.One of the simplest setups a trader would fancy is like such, didn't really take long enough to find this setup but this was personally what I usually look for, whether looking in Equities or Cryptocurrencies. Let me emphasize on the fact that how ideal this setup was for many traders including myself and also reconsidering that you don't find such easy setups everyday. With that being said, I'm not sure if there's anything much to explain about in this setup. Happy Trading !!!
Short
by Fobstar