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Bullishconvergence

$BTC/$USD @Coinbase Descending Triangle or Bearish Butterfly!?Good morning ladies and gents. I am currently in favor of the descending triangle over the symmetrical triangle simply because each swing low tests a support zone compared to your swing highs which are just making drastic lower lows without an actual resistance zone. That being said, let's look at this in a bullish perspective if the breakout happened to the upside! 1. You are currently at a perfect Neutral on the Daily RSI. 2. You have Bullish Convergence (Higher Low on Price actions and Higher Low on Oscillators). If we did break out to the upside, the Descending Triangle pattern target takes us to the PCZ of the Bearish Butterfly above $16k. I have a zone between the 1.272 and 1.618 golden mean ratio where major price reversal could take place. These are opportunities of a short with coinciding variable of course. Now, with the bearish perspective, you are currently overbought on the one hour time frame and almost four hour time frame. You also face geometrical resistance alongside getting above our previous high's. Breaking our previous highs and geometrical resistance could be a good sign for further price action to the upside, but that being said a potential shorting opportunity is illuming with the Bearish Butterfly if we were to hit the PCZ in said time.
COINBASE:BTCUSD
by ChArtWorks_TechnicalArts
BTC perspective -continuation-Hey, I'm gonna share again my perspective from the BTCUSD Market. Im bull on MACRO, neutral on HTF until 11.5k, and bull on LTF. I had been watching the M/W mostly, and I'm kinda sure we might need a monthly closure above 14k to expect new highs, might be August, in that sense we would expect 16k around October. 11.9k is a daily resistance, we might expect some demand and retrace on that level. The Major Ask Zone is the last bullish confirmation on a HTF, between 11.3k and 11.5k. Since we are dealing with a resistance at 11k, I think we might expect a retrace to 10.3k before going upward. Some liquidation on mex from those overleveraged degenerates would trigger a nice sell-off from SL, since the orderbook is kinda thin and 10.2k wasnt retested yet. I'm trading the trend, trying to catch DIPs and R/S retests flips on the levels I draw. Also gonna hedge 11.3k-11.5k if PA looks like failing it. Good trading!
BITMEX:BTCUSD.PLong
by BiO-618
3
EURNZD Sell IdeaD1 - Bullish convergence, currently it looks like a pullback is happening in the form of potential double wave. We have a critical zone that has formed and we may now expect one more push lower with the price reaching this critical zone and then to push higher from there. H1 - Price broke below the bearish flag pattern. We may now look for more bearish evidences and then start looking for short term sells. We may look for sells until price reaches the daily critical zone or until we get any opposite evidences.
Short
by VladimirRibakov
EURAUD Buy IdeaH4 - Bullish convergence, we may now look for pullbacks to happen and then we may expect the price to create one more push higher. We may expect the price to move higher until it reaches the critical zone. H1 - We have two waves up with bearish divergence. We may now look for pullbacks to happen from the current zone towards the critical zone and then we may start looking for buys with more bullish evidences. Alternatively if the price creates a special cycle then we are going to see short term pullbacks and then continuation for one more leg. We may then look for deeper pullback in two waves, and then we may look to join the bulls with bullish evidences.
Short
by VladimirRibakov
EURAUD Double ScenarioD1 - Special cycle and big double cycle. First target reached, second target not reached yet. Correction happening now once it completes itself, we can look for sells. H4 - Triple (or special cycle) completed itself. We may expect double wave up with price reaching 50% retrace of this triple cycle. Bullish convergence, price moving inside bullish flag pattern. Once we get a breakout at top we can look for buys. Sell Scenario: If we get double wave up with bearish divergence then we can look for sells with the breakout of the most recent uptrend line.
Short
by VladimirRibakov