Bitcoin is going down, but until where?Here, in the daily chart we have a big SHS and small descending triangle, and the major probability is btc lose that 29k level and achievement new suports, so, i see that big opportunity to gain big profits, on the similar inverse pump move in the past. I see supports at 20,22k , 16k , 10k. Lets watch what goint happening next...I shorted.
I beliave, any altcoin gonna make multiples profits in at short position, folowing the btc move.
Today we are testing the break line of the descending triangle at a probably pullback but Any analysis can be change at the action of the price action, the stop point is the break of descending triangle resistence.
Any action with your own capital, is own your enterely responsability.
Criptocurrency
short term ETH outlook.-SHORT-short term outlook the identified head and shoulders structutre is being broken, can go up for retest and then continue the dump,
also wach btc moving lower for confirmation
monrhly is red
weekly is red
dayly is red
if 2.000 usd is broken can be at 1675ish in this week before friday
XRPUSD: Bullish Continuation & Long Signal
XRPUSD
- Classic bullish pattern
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Long XRPUSD
Entry Point - 0.66006
Stop - 0.61734
Take - 0.72406
Our Risk - 1%
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BTCUSDT Price Analysis (4h)The price is placed in a triangle pattern and if it crosses the triangle and the marked yellow lines, it becomes a position long or short .The triangle pattern is a corrective pattern and the reason for its formation is the existence of ambiguity in the market and sometimes it can move in the opposite direction of the previous trend. So we wait for the triangle pattern to break. (Horizontal white lines are drawn based on Price Action and we can wait for the price reaction to them) . BINANCE:BTCUSDT