After hitting the 0.07 Region, it is consolidating to a point where there seems to be large possible momentum up. Considering the 100% Retracement and the activity it is getting signing a 3 million follower instagram influencer recently means this is not dead and is something to take into consideration!
If the price break the chanell to the upside strong , watch to buy the breakout for the long term
As a follow-up post to my most recent string of bad ideas. BTC seems to be forming another descending triangle on the weekly time frame. I've been looking for a place to put some buy orders. The triangles final target comes in at $2154. The target leaves us in an area of zero resistance however $2000 psychological and $1800 stand out as strong support levels....
It is observed that BTC is still in a downward trend since the large USDT pump. We are watching closely how it behaves upon these trend lines as there still seems to be a pressure to bring it downward. Expect us to reach a 6500 level before the market reassess where it wants to go. However, if we can break out of this red trend line then we can see us going...
Higher time frames on many GBP pairs are showing descending triangles. Recent News of Brexit - www.independent.co.uk And Per this article - www.bbc.co.uk "What's happening now? The UK has voted to leave the European Union. It is scheduled to depart at 11pm UK time on Friday 29 March, 2019 . The UK and EU have provisionally agreed on the three "divorce" issues...
As you can see Litecoin is in formation of a big descending triangle pattern. No one wants this to be true but you have to make decisions based off of what you see not what you want. Never trade with emotion! Litecoin will have its time but It seems not for awhile. Of course this is a probability and there is always the probability that we go higher and the...
-Divergence on 4h -Bull Flag in decending triangle form. BTC -1.45% to find its way to up to 9700 for ascending wedge .
I'm a switching from long to neutral on this one....not short yet because even though we dipped below the 50ma , which kept us from getting 5 consecutive candles closing above the 4hr buy/sell line, the 50 ma dipped down to catch the next candle and the current candle is still above it as I type this so it is at least currently maintaining support, we got a nice...
Well I've been doing my best to learn everything I can in the last 4 years and am still learning today and starting to trust my TA a little bit more recently as I've seen some people I have taken a lot of my knowledge from going one way while my research has told me different. So this is the first Ta I've been making public so I'd love any constructive feedback I...
Dear Friends! Let's jump in! Cardano has not fared well for a very long time. I already gave you a warning 2 weeks ago, that you shouldn't buy due to the descending channel. At this very moment we are taking a look at the 2H ADABTC Chart. As you can see we are on the edge of the Bollinger Bands, and have just have a nice green candle with good volume which means...
There is a inverse correlation between XRP and BTC. While bitcoin has potential to fall, XRP would climb up. Ripple has potential to braeakout upwards from this decending wedge.
-Weekly Chart -Price moving within descending channel -Buy approx 15.70 -Sell approx 18.40
FB - Daily Descending Triangle Playing out. Watch for the break of $114.
Watch for the breakout
Gold broke the ascending trend line and proceeded to drop to 1224 levels. I am looking to stay with the trend once the 3 wave correction is complete. Selling around the 61.8 retracement level ( 1247 ). Placing my stop loss around 1265. Possibly opening up 1200 levels for take profit. Let me know your thoughts on this setup. Thanks.