nice fractal setup on BTCUSDI won't be surprised if this pattern plays out something like that
descending triangle possibly forming here, the dip of which could fuel the next pump
Descending Triangle
TWT Trust Wallet - The pump is over, buy at these levels!
TWT is a great token, but it looks like the price is too high at this moment, which is why I recommend buying the dip at lower levels!
As you can see, the chart is printing a descending triangle at the top of the uptrend. This is definitely not a good sign at all. Descending triangles have a higher probability of breaking down.
I made a descending parallel channel projection on the LOG scale, which can be very useful in the future. Usually, triangles turn into channels.
The impulse wave has been completed, and we are looking for a retracement. I will give you the two most important levels where you can place buy orders.
1.46 USDT and 1.22 USDT are great levels to buy TWT. If you missed the pump, it's not a problem at all. I will trade this altcoin once it reaches my levels for short-term gains!
The first level on the log scale is the 0.618 FIB, which is, of course, a very strong support. We should see a lot of buyers at this particular level.
The second level is based on price action. We have an unfilled gap from the previous uptrend that can be filled in the short term. On a higher time frame, it is also a breakout level of the previous market structure.
The platform was acquired by Binance in July 2018. So there is a huge expectation for the Trust Wallet token. Binance is currently the most reliable crypto exchange in the world.
A 26–40% correction is possible. I will take this opportunity once the price reaches my targets.
For more ideas, hit "Like" and "Follow"!
~BITCOIN~ Third times the charm? Emergency FED meetingHello all 👋
Thank you for stopping by, let's get to it 🤸♂️⏬
Federal reserve held an emergency (closed)meeting today, topic being discount and advance rates charged by FED... 🙂 see here ⏩ www.federalreserve.gov
Given they decided to lower the rates, this could look good for Bitcoin and alts.
👀‼ Resistance at ~22,800
We are currently testing to break this descending triangle for a third 3️⃣ time 📌
Strong support zone at ~18k is looking like it might hold.
Stay tuned, check out many ideas, and trade at your own risk!
🐶🆗
🛑This is not financial advice🛑 Above are approximate targets based on fibs and major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Thank you so much
Jazerbay ☯
Birlasoft: Breakdown Candidate BearishBirlasoft is a potential breakdown candidate. Keep it on your radar! #birlasoft
Ethereum - 28% crash is almost ready! (descending triangle)
On ETH, the current market structure is extremely bearish. We can spot a descending triangle projection on the 4h chart, so for now the probabilities are for it to go lower.
I believe the market wants to wipe out all stop loss orders above the swing high at 1234 USD, which is also at the 0.618 FIB. This is a great level to open a short position on futures.
I will short all pumps on ETH until we reach 882 USD, the previous swing low from June 18th, 2022. Ethereum is pretty weak compared to other altcoins, and I am not surprised at all.
As per my Elliott Wave analysis, the A wave is a 3-wave corrective structure. The bears are strong, and they want to push the price lower.
Crypto will continue in the biggest crash in history. ETH can reach 400 USD next year, and BTC can reach 10 000 USD next year.
I am naturally bearish on this chart, because why not? What is bullish here, let me know in the comment section!
This is a brief and clear update. I hope you like it! I am not falling for this mini uptrend on the 1h chart.
BTC Detailed Top-Down Analysis - Day 106Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
106 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin - Cheat sheet (road to 3k, levels)
Everyone will call you a cheater for these levels because you can very well predict massive short-term bounces! I will never give you a zone. I will give you levels that are exact to the dollar!
You can use these levels if you are a swing or intra-day trader, but also if you are an investor and you want to buy Bitcoin cheap. These levels are for everyone!
I expect a massive bounce from 10254 USD. You can use this level for a 30% - 50% profit with a stop loss of 8700 USD. You can be sure that I will be a buyer at this level. I don't want to miss this opportunity.
The question is, how long do we have to wait for prices to reach these levels? It doesn't matter; it can be this year, next year, or even in a few years. The sooner the better because you probably do not want Bitcoin to be stuck in some range between 14k and 20k for another year, but it's possible.
I believe 6435 is very likely if bitcoin fails to hold the 0.618 FIB. A simple pattern for Bitcoin is: if BTC fails to hold the 10254 area, then 6435 is the next support. If BTC fails to hold the 6435 area, then 3516 is the next support. If Bitcoin fails to hold 3516, then we can see a huge capitulation wick below 3000 with strong buying activity from whales. If BTC fails to hold 3000, then sorry, you have been scammed, and maybe BSV is the real Bitcoin. But I don't want to speculate on this topic of BTC vs. BSV at this moment.
The previous all-time high, set in 2017, is now extremely powerful: 19798. We can go here in the short term before continuing in the dump. So do not fall for any fake pumps. The DXY index will go much higher after a correction.
Many stop-loss orders have been placed below the previous swing low: 9825. I believe the market is going to wipe out all orders below this level.
I wish you massive profits at these levels! I don't want to wish you good luck because trading is not about luck.
19798: 2017 ATH resistance (major)
12468: Start of the volume area high (VAH) + swing high (minor)
10254: 0.618 LOG Fibonacci retracement (major)
9343: Point of Control (POC) + GAP (major)
7293: GAP (minor)
6435: POC of the previous triangle + swing low (major)
5303: Volume profile node + triangle 4h POC (minor)
3782: POC of the previous triangle + swing low: (minor)
3156: Ultimate bottom of the impulse wave: (major)
COTI going to $0.30 or $0.70??COTI coming to a decision point pretty soon. If my pattern of Descending triangle is correct it will be going to either $0.30 or $0.70. The Descending Triangle is normally a bearish pattern, however I believe it has been consolidating and will break out upwards to new ATH. It is holding that bottom support very well and for quite a while now. Currently at a great buy opportunity for a tight stop loss in case it does break downwards. If that happens I expect a pull back to about $0.30 area where it sat for a good amount of time before breaking up.
BTC short term update / 2 potential scenarios. Hi dear community, I'm looking at 4h timeframe. As you see BTC has broken bearish pennant with the target 12-12.5K/Pink scenario/. At the same time it formed descending triangle with triple bottom + RSI bull div. Most of people are waiting lower prices such as 12-14K even 8-10K like they were waiting 100K+ in 2021.
I'm sure 17.5K was the real #BTC bottom like 65K was top in April 2021. All my previous analyses, history data and the best on chain data proves that.
The recent dump is a bear trap and fake break down like 2021 November top which was a fake break out/ bull trap/ with double top.
At the moment there are real chances that BTC will start its bull run with double bottom+ weekly RSI bull div.
I expect BTC to surprise everyone pumping from this point/green scenario/ and my worst case scenario is 13.7-14K then new uptrend starts.
To tell the truth I don't expect lower prices like 12K, 10K and 8K. But be very careful and always manage your risks coz everything is possible in crypto like $SNM 6500% pump in a single day ))))
If you like my ideas and analyses don't forget to follow, I will appreciate any single follow, thanks in advance.
Tron TRX - 51% crash very soon!
It's a great opportunity to short TRX on the futures market. You can short TRX on almost all exchanges. So it's very positive!
The technical analysis of Tron looks very bearish. Descending triangles are likely to breakdown with a 60% pullback rate (retest) before continuing lower.
The uptrend from 2020 to 2021 looks like a three-wave structure. It's not looking good to me. It's not going to be a surprise if TRX crashes even harder than 51%. I want to see a strong impulse wave, but this is not an impulse wave.
This chart indicates that more blood is coming for the crypto market. It's possible!
I expected a strong reaction from the POC of the previous triangle and also from the 0.618 LOG FIB. These levels are ideal for profit taking or a short-term long position.
If you hold TRX, then it can be your last chance to sell it for a pretty good price. Even a 90 percent crash is possible, believe it or not.
But I have to admit that TRX is holding its value pretty well. Unfortunately, the price is compressed in this triangle, and a huge, massive red dildo can be printed very soon!
For more ideas, hit "Like" and "Follow"!
LINKUSDT 2nd Bear LegAfter a recovery rally that reaches the upper trendline of the descending triangle, the price action appears to be printing a Head and Shoulders formation, the right shoulder can be formed after a possible reaction from the green box area (local support), then the price can turn to react to volume POC Level @ USDT6.4 which is the same level as the low of the September 1M inside bar Candlestick pattern. The decreasing breakout of the ascending micro wedge has placed the Fisher Transform oscillator in a bearish crossover, which suggests a possible 2nd leg swing below the entry POC. The previous swing made an ABC retracement of 0.549, which AB=CD (0,548 ==> 1,825) reciprocal points to a harmonic target @USDT4.9, being TP2 previously speculated with a 14.6% Fibonacci retracement at the key level.
BTC LTF QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
BTC is forming a descending triangle pattern in 2hr time frame and currently trying to break out from the triangle. We have strong resistance at the $16.8k level. From here, we have two possible scenarios:-
* One is we reject from here and might touch again the lower trendline of the triangle ($15.8K). If BTC holds and bounces from the $15.8k level then the triple bottom scenario played out and we got a decent bounce.
* The Second scenario is that if we break out and close above the triangle ($16.8k) then we go for higher resistance which is at $17.8k and $18.6k levels.
If we look in the HTF and zoom out our chart then we must retest the $18.5k level before any new low. Let's see what happens.
What do you think which scenario will play out according to you? Tell me your opinion in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
BTC/USD price target if it breaks below its Descending TriangleBTC/USD is still in a massive Ichimoku W Wave Pattern.
BTC is still in a Descending Wedge Pattern and a Descending Triangle Pattern.
BTC is still in the Bearish Zone of the Ichimoku Cloud.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indication that the mid-point of the short-term momentum is sideways at the moment.
The Ichimoku Cloud Base Line (Kijun Sen) is indication that the mid-point of the mid-term momentum is sideways at the moment.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is slight upwards but overall ranging sideways.
If BTC breaks below its descending Triangle pattern Using Negative V Calculation a price target of around $9,916 is produced.
V Calculation (Negative)
V= B-(C-B) = D
C $25,160 - B $17,538 = $7,622
B $17,538 - (C-B) $7,622 = $9,916
The above V Calculation is taken from the 1 month chart but I have added it onto this 1 day chart. For your viewing pleasure, below is the BTC/USD 1 month chart.
Notice that we have a timescale pattern of 9 Bars and 17 Bars on the above 1 month chart. 17 Bars takes us to the month of 1st April 2023 but due to crypto volatility, the price target may be achieved much sooner. Note that 9 and 17 are part of the Ichimoku Kinkō Hyō Number Theory.
This is all just my opinion using the Ichimoku System. In any case, i hope this is helpful.
UK100 - 1DQuite a lot of information. Reverse head and shoulders, descending triangle (symmetrical price ranges on break up/down) , Gartley and Fibs
Bitcoin - All of the reasons why the bottom is near (in)
This analysis will show you why the bottom of Bitcoin could be very close. This is a set of indicators that tell their own story, so let's take a look at them.
Currently, Bitcoin is the most hated asset in the world. Everything is rising, including gold, silver, stocks, the EUR/USD, indices, and even meta Facebook, the most bearish stock. Bitcoin is the weakest asset. You can be a contrarian and buy it.
But let's take a look at the technical analysis. As you can see, we have a trendline from the all-time high of 69,000 USD to the current price. The bulls already broke the trendline, but the bear was stronger, and the price was pushed down. The trendline is currently being retested, which is a common thing in trading. There is a pretty huge chance that every trendline will be tested again. Usually, you want to buy the retest. So we have a first buy signal here.
Large institutions and hedge funds regard 200 moving averages as strong support or resistance. There are two types of possible curves for a moving average. The curve can be descending or ascending. In this case, the curve is ascending, which is an indication of an uptrend. The uptrend is still valid, and this is a bullish sign. But the price is below the 200 MA, which is bearish on the other side.
Then there's the Elliott Wave. This downtrend could have moved in a complex corrective structure known as a double zigzag (WXYXZ). This structure must contain 3 zigzags for a total of 6 impulses. It is really possible that it is actually a double zigzag corrective pattern, which is bullish.
If we take a look at the volume indicator, we have historically had the highest volume on the Binance exchange. This is an indication of a massive exchange of Bitcoin. People are selling, but for every transaction, there has to be a buyer. Extremely high volume is an indication of capitulation and often indicates a trend reversal. During a stop-loss hunt, we typically see a huge volume spike and the price move in the opposite direction because the whales simply took the necessary liquidity.So massive volume spike can be a bullish sign. It is a special event.
The next indicator is the RSI. There is a huge bullish divergence that cannot be ignored. Bullish divergence is a very powerful indication that the bears are losing steam. It happens when the price makes a new lower low while the indicator makes a higher low. This is very bullish.
MACD: The histogram measures the difference between the two moving averages of the MACD indicator. The histogram is ticking to the upside and is above the 0 level. If the histogram reaches above the 0 level, then the two moving averages cross each other. Recently, we have had a bullish cross, which is a bullish signal. This bullish signal is still valid until the histogram falls below 0 again.
FTX capitulation: A major player in the cryptocurrency industry has been wiped out. Capitulation is a sign of a trend reversal. When everyone is selling, it's time to buy. It looks like a lot of retail investors just sold their Bitcoin holdings. Capitulation is one of the classic phases of the market cycle.
CPI data was very positive, and inflation is going down. As per my research in one of my previous analyses, I expect inflation to drop to 0% in the next few years. If you follow me on TradingView, then you know why it can happen based on technical analysis. But if you don't, no worries! You can check out the 0% inflation analysis in the related section down below!
Gold is rising pretty significantly along with the DJI stock market index, which is also very good for Bitcoin.
DXY dollar index is falling; the dollar is currently losing strength, but of course, it can be only temporarily.
Believe it or not, but Bitcoin can rise 50% in a single week, and it can happen so fast. One tweet from CZ and the job is done.
If you like this analysis and want to see more, then hit "Like" and "Follow"!
Golden Triangle ? XAUUSD ForecastThe one thing I would like to point out in this beautiful price action is the descending triangle that has formed on gold! Now even though we do have a breakout of this triangle, don't be surprised if we see this bullish pressure become nullified in the middle of the week. Check the dollar index analysis for more details. :-)
Descending Triangle on XAU/USD @ D1A descending triangle pattern has formed on the daily chart of XAU/USD (gold). It now offers an opportunity for a short trade in case of a bearish breakout. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. It is located at 10% of the pattern's height below the lower border. The green line denotes my take-profit level. It is set to the 100% of the pattern height plotted below the lower border. I will set the stop-loss level to the triangle's highest point (1807.70) marked with the red line. I will ignore bullish breakouts from this trend continuation pattern.
BTCUSD: Weekly analysis + Key Points to watch from here.• BTC is in a critical situation, at the moment, as it is at a key support level as seen in the weekly chart;
• The support at $17,592 is the bottom of a Descending Triangle chart pattern. If BTC loses it, the next stop is the next support near $14k;
• BTC would need to do a very quick reaction and break the purple line in order to avoid such drop and reverse the bearish sentiment;
• In addition, the 21 ema is pointing down, and it is very close to the purple line, making it a dual-resistance area;
• For now, let’s pay attention on these key points. I will keep you guys posted.
Remember to follow me to keep in touch with my analyses!
BTC bullish megaphone pattern with 80-85K targetI'm looking at weekly timeframe. As you noticed BTC formed bullish megaphone pattern with 80-85K target by Q2 2023. BTW there is also falling wedge pattern inside megaphone pattern which increases bullish case scenario. King of crypto broke weekly RSI trendline which is historical for BTC. At the moment BTC has broken weekly descending triangle with 24-25K target, so all my predictions based on my analyses posted since June 2022 are right. I told you BTC bottom was in at 17.5K on 18.06.2022 and I haven't changed my idea since then.
Do you believe new ATH in 2023 or not? Comment bellow, check all my analyses bellow related ideas and if you like my analyses and ideas please follow me.
Descending triangle is still in..Some people say BTC broke out of the descending triangle. Of course that depends on how you draw your lines. According to my lines the descending triangle is still in play.
BTC in bear flag. To 18K?Hi traders. Let me post my idea after a long time :) BTC is in the downtrend channel of 2022. It has formed three consecutive bear flags and BROKE the channel upwards! But is now forming descending triangle pattern, which is a bearish pattern. We could easily retest the 2022 channel at app. 18K $. Also, RSI is relatively high and it looks like it will plummet. SEC news yesterday is also not helping.
I think BTC has a very big possibility of such a move.
Caution is needed :)
Good luck!!
EURCHF in a descending triangle.EURCHF - 14h expiry - We look to Sell at 0.9915 (stop at 0.9935)
Trades with a bearish descending triangle formation.
Trend line resistance is located at 0.9915.
Preferred trade is to sell into rallies.
Our profit targets will be 0.9865 and 0.9855
Resistance: 0.9880 / 0.9910 / 0.9925
Support: 0.9864 / 0.9851 / 0.9820
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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