gathering all the variables collectively shows bearish probability with break of extreme trend and high scale bearish oscillators. but most eye catching is this textbook inverted bearish dragon pattern. Tradingview has enabled some enjoyable drawing to animate BTC price action and bring it to life. buy a plane ticket to Florida, short city upon continuing...
Finally something big is coming up and it is a short opportunity for BTC. As you can see there is huge bearish divergence on RSI, bearish divergence on MACD, all on daily chart, what did not happened for very long time. Everybody is bullish on social media, red laser eyes and another shits but BTC need correction and it is irreversible and necessary. My targets...
Head and shoulders and a W and a descending triangle.
Hi again . If the price returns and goes above 1000, the probability of growth up to the green prz can be considered higher!! If we face a decrease in price, if the purple prz is broken, we can expect the price to reach the red prz!! Purple prz Target Lozenge Pattern. Red target prz Orange channel height. what's your idea?! <3
Here a look at BTC 30 min chart. More Bearish sentiment growing for BTC, and we should expect 41k at least if 44k can't be held. The S&P 500 and Nasdaq is going down in price at the time of writing, and the crypto market is very correlated to the big stocks. We should expect a further correction from BTC atm.
I’ve removed the wicks from the hourly chart because it’s easier to spot what is happening when they are removed. Notice the symmetrical triangle pattern on the chart, which is also a bearish pennant. Bearish pennants are bearish price action patterns that help traders identify whether price action is going to reverse or continue. If you look at #1, you can see...
my first btc trading idea, dont hate pls :D no fin advice tho
The narrowing, rising wedge is a bearish pattern. Combined with strong resistance at 50k, this suggests BTC will perhaps retest this psychologically important boundary one or two times before falling in value to regroup. RSI tells a slightly different story indicating a bullish environment, so be careful. And most importantly: don't listen to me, I know nothing.
Bearish Target $1600 golden retrace on the monthly if the bearish divergence on the daily stacks into monthly divergence also would be strong momentum back to downside. The entire run up we created little to no support. Sentiment most bullish of time. People think BTC only goes up. 3700 bottom in March 2020 was never remotely tested
I spotted this wedge on the 15 minute candles, looks like we could go back to previous resistance at around 45k