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Classicalcharting

ETCBTC - Rejected at resistance, more downsideStill holding this desperate long , it turned out to be a pump for ants prior to Phoenix fork and after that, it's just declining. I moved my stop a bit below, this trade without leverage, so I can give it more space. But honestly, I anticipate more downside here, because historically after rejection off 0.000700 btc resistance it continues to decline with 0.000500 btc target. Marked with purple areas can be deviations. Possibly flip short if it will be stopped out. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
Short
by Bitduke
CHAINLINK is the BEST coin to TRADEThis is truly one for the books! Over my years trading crypto, I have never come across something that follows TA so beautifully. I've pinpointed all the classical chart patterns, along with pattern reversals, double bottoms, bullish and bearish divergence, supports and so on... Try saying technical analysis doesn't exist after seeing this. Hey everyone, if you enjoyed this please give it a like! thanks for your support, more to come :) This isn't financial advice, please do your own research before opening a position.
by Eldtrades
5
AUDUSD High Prob. Low risk. Limit entry.1. Both 100 & 200 Day moving averages still trending down with supply overpowering demand at the end of the week at the 100 Day moving average indicating the trend is still long term bearish with a nice tweezer top. 2. Price closed on Friday below the up trend line of the last 2 weeks indicating a bearish reversal of the minimal trend. Trend line retest entry at .7100 Stop at .7120 back inside the minimal trend range above Fridays close, within the marked flipping support and resistance area, and above the broken .5 fib level from the larger previous swing. Momentum will increase upon a failed test of the broken trend line at the area of large supply/ fib resistance and the minimal trend change will confirm bearish bias and a target of the .236 fib level is a conservative target from there at .705.
Short
by Chad_McDeid
BTC trying to (temporarily) reverse the trend. Will it succeed?All eyes are currently on the potential inverse H&S that might be forming its right shoulder on this pullback, and if completed it could take the price to around 5300-5400 area which is the projected target of the pattern. As we've all noticed, when everyone expects something due to it being obvious on the chart, BTC tends to do the opposite, so don't put too much hope into this iH&S pattern. It's just an idea for now, so we can have it on our radar. The major trend is still down. A break of 4400 is still the main condition for those higher prices mentioned above, and without it, none of these patterns matter much. Nevertheless, we can't ignore (at least a temporary) reversal pattern forming for over a month now. The longer the time period over which the pattern forms, the more reliable it is and the larger the move it makes once (and if) completed. The key areas for this scenario are marked on the chart above. 3470-3400 zone must hold, otherwise, we are likely to see 3100s retested or even new lows. If we see a good reaction (ideally) from around 3560, that would be a first positive step towards the iH&S pattern completion. Note that 3650 was/is the minimum retracement necessary for this to play out. I see two ways to trade this: 1. Enter with a speculative position size in the "ideal entry zone" marked on the chart with a stop loss below 3400. 2. (safer, more conservative way) Wait for the price to breakout and close a candle above 4400 pivot point, then buy the breakout or the pullback of that move. This way you get less profits but a lot more reliability in your trade. It all depends on your trading style and risk apetite. Either way, stop loss and risk management is crucial here, due to the main trend still being down. You don't want to get caught in a long position if the main trend continues to the downside. Note that this is a 12h timeframe chart, so it may take days to play out.
BITMEX:BTCUSD.PLong
by eyupium
7
Ascending triangle pushing BTC above 7kThe price has been making higher lows inside a consolidation (trading range) for a few days now. Major trend in BTC is still down, but we do have a local uptrend since 6100. These types of consolidations inside a local uptrend are more likely to break out to the upside. The higher lows inside a range are a sign of accumulation (supply drying up, demand increasing slowly) From the classical charting perspective, this is known as an ascending triangle. It indicates what I described above. Targets (based on the resistance levels along the way) are: 1. 6778 2. 6874 3. 6929 4. 7044 5. 7144 6. 7286 (maximum projected target of the pattern) The price may get rejected at any of the targets mentioned above, so it's always a good idea to lock in partial profits at each of the targets as they get reached. The invalidation of this entire move will be a daily candle close below 6330 pivot (key) point. Measuring Risk/Reward ratio based on this pattern, it would be slightly over 1:3 (taking 6295 as a stop loss and 7286 as a max target).
BITMEX:BTCUSD.PLong
by eyupium