BTC Bearish Continuation - Descending TriangleBTC drops down to around $19,000 after a bearish continuation pattern forms a descending triangle.
Date is 06/18/22
Descending Triangle
BTC will bottom at 12k, accumulation 12k and 19k, 2025 135kIf we break 20k and flip it to resistance then we will indeed go to 12k levels, where there is big support.
This is possible from fundamental analysis
1. more rate hikes for about three quarters
2. stock market has not bottomed out, there is support coming in, though
3. borrow protocols like celsius and 3ac who needs to be liquidated
4. 4 year cycle respected
Adam and Eve inverted pattern is also very strong, don't underestimate it
Sonova Holding AG bearish scenario:The technical figure Descending Triangle can be found in the Swiss company Sonova Holding AG (SOON.vx) at daily chart. Sonova Holding AG is an internationally active Swiss company headquartered in Stäfa that specializes in hearing care (hearing instruments, cochlear implants, wireless communication). It is one of the largest providers in the sector worldwide. The group operates through its core business brands Phonak, Unitron, Hansaton, Advanced Bionics and AudioNova. The Descending Triangle has broken through the support line on 17/06/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 32 days towards 259.20 CHF. Your stop loss order according to experts should be placed at 351.20 CHF if you decide to enter this position.
Sonova said it had faced shortages of microelectronic components towards the end of the first half. The disruptions to the global economy during the pandemic have upset supply chains across continents, causing shortages of goods and services, including microelectronic components used for hearing aid.
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BTC Descending Wedge = Bullish (in a normal economy)Very large descending wedge. Watching to see if we rebound here. If 2 candles close below lower wedge line, that gives us confirmation we go lower. Yellow lines are very heavy resistance lines which makes it harder to break upward.
SOL breakout!$Sol broke $35.5 yesterday and is heading down to the next support at $24.4.
That's the first level you need to watch for longs.
I’m expecting the rock bottom at below $20.
Weekend’s moves usually are misleading, so it’s better to wait for a confirmation before place any order.
Something I missed on the Bitcoin Charts YesterdayTraders,
Quick Update: First, sorry I forgot to zoom in, but you'll get the idea. I just wanted to point out quickly a few things that I missed in yesterday's video.
-Stew
Urgent Bitcoin Update! Be aware of the following indicators!Guys,
I took the time to put out a special update this morning because of this! Please pay attention to what our charts are showing. I am not attempting to persuade you to any particular bias or sentiment. I simply want you to be aware of what I am seeing on the charts so that your can trade accordingly. Let's take a peek.
- Stew
TOTAL M.CAP IS AT DECISIVE POINT!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this TOTAL M.CAP update.
Total market cap is at crucial level now. It is forming a descending triangle pattern. Currently, it is at the lower trendline of the triangle. Previously, we saw a good bounce from this same level. So we can expect a bounce soon in the market it it holds this trendline.
if it breaks and close below the trendline then we will see more dump in the market. Keep an eye on next 4hr candle close.
What do you think about this?
Do you think we see a bounce in the market from this level or do you think that we see more dump.
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Here's the predominant pattern to draw on your alt charts!Traders,
I am taking my time in this video. We'll do some analysis firstly, as always. And then I'll show you the predominant pattern I am looking to spot on the altcoin charts. I'll show you how to spot it and draw it so that you can do this yourself on your charts and catch those breakouts.
-Stew
P.S.-Since this was my first stream I made it private, thinking I could change the settings and title after I save the video, but this wasn't an option. Here's the video:
www.tradingview.com
⛓️ 🔗 Useful Links 🔗 ⛓️
The List of Possible Next Trades I am Watching:
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descending triangle US30 Evening traders. As you can see we have which looks like a descending triangle pattern on the hourly chart. We have multiple touches on the resistance line and currently moving downwards back to support.
We have also had multiple touches and breaks below the 0.382 fibonacci line.
What does this all mean? Well if we can get a close below 0.382 and stay below that level then we could possibly see another drop in the market to 32500 or perhaps even further.
If you agree or have another opinion then let me know down below
cheers
shaun
GMT Descending triangle$GMT is about to breakout.
There are 3 crucial S/R levels to watch.
If $0.87 breaks, may face a 42% fall as the next crucial support is at $0.44.
A bullish short-term sign will be if GMT breaks bearish trendline and flip $1.27 resistance.
I don’t recommend buying STEPN, it’s better to earn it via its app!
Current state of the market and Mina reportMina chart is forming a descending triangle (bearish pattern), nonetheless don´t means that the price is going down. On the contrary can easly break up. Even more RSI is making lower highs and higher highs while price is making the same lows (bullish divergence), meaning we are getting momentum. We also can argue that this chart is forming a inverted Head & Shoulders pattern (Bullsih pattern) espeacially in the shorter time frame (12h) wich gives us confluence.
We are seeing exhaustin signs of the bears in all markets. I belive we can see a relief rally to the target (marked in the chart) especially because BTC.D is facing a big resistance. Meaning 1)all alts and bitcoin have more fall ahead (alts disbelieve more than bitcoin) or 2)Alts will go up more and in a fastest way than bitcoin. In my personal opinion given the market conditions I think the second one is wich will play out in the near future. So i can start watching some alts to swing trade and day trade being Mina is one of them.
SAND DESCENDING TRIANGLE PATTERNSAND BINANCE:SANDUSDT is forming a Descenidng Triangle pattern....
I know that in Technical terms, it is mostly regarded as a sign of bearish pattern.... But sometimes it can be powerfully Bullish too!!
I think it might fool sellers when it make a pullback near Demand zone and might continue back to the 1st Target area...
If you can relate.... then please like and ask any comment you guyzz have!! (:
Descending Triangle 💤GMT price is forming a decending triangle on my H4 TF, I have a 🐻 bearish bias on this analysis, we wait for breakout on the triangle and a possible retest. Check comments for inner analysis on why I'm bearish
Gold formed a bearish descending trianglePrice action around 1867.64, which represents 38.20% Fibo from the decline that began on April 18th, is bearish.
Price formed a descending triangle and broke below levels of support 1840, indicating that the decline will continue.
However, due to weak momentum on shorter timeframes, we may see a pullback to test 1840 as resistance levels (where we could short) to 1780 dollar targets.
MKRUSDT price retest completePrice has successfully retest the bearish order block of bot head and shoulder and descending triangle.
As soon as BTC start falling its a go. Wait for a bearish PA.
Short. Touching strong resistance Touching bottom of descending triangle. Higher chance to retrace down
Descending Triangle with Minor Support and Long Term DowntrendJust an idea labelling my view and what I see, I tried to keep it unbiased as possible. I identified some local, minor, major, long term trend lines & support & resistance zones.
From those lines drawn up I noticed a descending triangle forming with the LTDT and the Major Support, also, the RSI has equalized from the most recent pullback, and has room for further downwards pressure. The price also broke down from the 50 EMA and was rejected after a retest, I believe this is a bearish signal. BINANCE:KNCUSDT
Descending triangle formation on BTCHi fellow traders,
There is a descending triangle formation on Bitcoin, this gives a good indication that we might be looking at a breakdown in the upcoming 2 months.
Support on higher timeframes seem to pick up around 25K, we could look at a free fall from 28K - 25K.
Happy trading ^^
FTX:BTCPERP
$BTC carving out a bearish descending triangle!* I last spoke about $BTC as it was about to break down from the bearish flag back in late April.
* It has since been on track to reach the bear flags measured objective.
* Right now $BTC is carving out a bearish descending triangle which indicates further downside.
* The measured objective for the descending triangle is around $17.5k; which lines up with the area I mentioned for the bear flag too.
Lets see how it goes.
ETH Descending Triangle PatternETH Descending Triangle Pattern
Thank you for considering my analysis and I hope you find it helpful.
APE short Idea1 ~ overvalued in bear market, this token is 2.1 b and hasn't dumped much compared to other tokens who did mostly 90% down across the board
2 ~ descending triangle (bearish)
3 ~ descending triangle resistance retest (bearish)
4 ~ crypto market no power for relief rally (bearish)
The possibility to go down is higher in my opinion
DESCENDING TRIANGLE ON BTCBINANCE:BTCUSDTPERP
$BTC on this season still on consolidation way at range between $28500 - $30500, but $BTC now showing to us the descending triangle which is that is signal on TF 1h and 4hour for bearish market still on going maybe $BTC will retest to level between $24000-$23000. Please DYOR before make your decission because this is just my speculation.
