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Decendingtriagle

Lets discuss if Bitcoin is in a descending triangle or notRight now I see since that Bitcoin are in a descending triangle. It is at least a healthy sine if Bitcoin are. Right now I'm leaning towards bearish short term. It is likely Bitcoin will go up and test resistance at $9700 area and then down to $8800 area to fill the CME gap. If Bitcoin decides to go lower then $8800 I think the lowest Bitcoin will go is $8500. And the $8500 low is the resistance area before we broke down to $7.3k area. The 50% Fibonacci entrancement level also correspond well with the filling of CME gap and the bottom of my triangle Right now we are below VWAP which is at $9555. That in it self is a bearish sign so don't expect miracle right now. But in the same time i can see Bitcoin set new yearly high of $14k. But if Bitcoin do shoot straight up from here I don't see it can go higher then $12k and then down to this levels again or 8.5k and then i think Bitcoin will stay down in 8.5k area for a longer period of time. The death cross that so many Youtubers and famous trader spoke about (but it is silent now) was no threat and it has never been. A death cross is only meaning full if both lines are facing upwards. In this death cross we can see the 200 day (red line) moving average pointing upwards and the green line which is 50 day moving average pointing downwards.
COINBASE:BTCUSDShort
by ChuckBanger
BTC: And finally... BTC and it's possible bearish scenarioI don't feel like this is very likely, but we're in a very volatile and emotional market so it is very possible. Right now they are just lines, but if we get a couple more touches we may be in a legit decending triangle. From my experience with BTC, decending triangles often play out. When I was shorting, this was my favorite indicator to open a short. Completing this pattern would most likely send us down to teh very strong support zone and .786 FIB around the $5800 range. I know it sounds crazy, but it's happened already (worse.) Trade with caution, don't catch falling knives.
BITMEX:XBT
by infbp22
BQX/BTC Ready To Take OffHello Friends, Looks like we have the appearance (not text book) of a descending triangle . The outcome of a pattern like this is a bullish move equal to the height of the pattern itself. Now is a good time to be thinking about going long. Entry (green) and exit (red) points are on the chart, as is stop losses in yellow. Details on the chart. This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework. Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment. If you find this information helpful, then please hit the like button. Your support is appreciated. Thank you! CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype. Cheers!
BLong
by keifer
2
EUR USD is about to EXPLODE.... Call the bomb squad1.14106 area has been used as resistance ( purple arrows ) and more recently as support ( blue arrows ) which price is currently at, mix this with the trendline ( blue line ) that price has been respecting, we can see a descending triangle forming, This is price been squeezed and when this happens we normally see an explosive move to the upside. So either today or early tomorrow we should see a big move, so we will be placing some orders ready to catch this move to the upside if it happens, if it doesn't go to plan then we haven't lost anything, but if it does then we will be laughing all the way to the bank snacking on pips as we go :p
Long
by Apex_Gregg
BTC weekly descending triangle targetsAs 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. Based on these numbers I plan to ladder in some buy orders starting at $2200 down to $1800. I except a strong bounce from this area and will reevaluate then.
BITSTAMP:BTCUSD
by RyanRogus
XRPUSD: Decending triangle. quick 2-3% gain.Large picture: waves 1,2 and 3 of the elliot wave impulse wave is complete. Small picture: Descending triangle is forming in the short term. It is that simple. Strategy: Enter trade at the top of the decending triangle. Target previous support at the fib line. That zone is a fresh supply zone that has only been touched twice so chances are good that it will bounce from there on the third touch, ALSO a great buy opportunity.
BITFINEX:XRPUSDShort
by alannamueller88
BEAR WITH BITCOIN WHILE IT SEARCHES ITS SOULWe’re at the end of an eleven month pattern where Bitcoin has continued to disappoint and shed bullish sentiment. I expect the chart is self explanatory. The lower highs and higher lows will meet each other this holiday season and, with that, cause Bitcoin to learn what it is and how it will be for the next six to twenty six months. There is no insight I could provide that couldn’t be easily refuted but there is one thing that can be said with any certainty: the price will never move left.
BITFINEX:BTCUSD
by stiltsmccoy
XLM/USD - Clean Chart - 3 Potential Target ZonesFirst time really looking at XLM, but when i look at the day level, there is a super clear descending triangle. In my opinion there is no need to look any further. Run through real quick how to measure out and mark up some potential targets based on a break of the downward trend line of the triangle Hope you enjoyed another video brought to you once again from some random guy! Give a like and leave a comment with your thoughts.
BITTREX:XLMUSDLong
by Crypto_Sid