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Descending Triangle

BTC Is gonna Reach 39k?Or Fake Break out Is gonna Happen?Hello every one BTC /USDT BTC is in a Descending Triangle. This means The Price is gonna Be bearish If The Expected Bearish Break out Happens Soon! It can Fall Up to 40.5K! There is No break out yet So There is no Confirmation!There is a Small Chance That a FAKE bearish Break out Happens And Than The Bulls Would Take over! if this Scenario Happens, BTC can reach 52k Pretty Easily! Summary: -BTC is in a Descending Triangle -No Break out yet -FAKE bearish Break out Might Happen -40.5K Is The Support & 52k Is The Resistance 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
15
BTC bearish, descending triangle broke down (41k Target)Hello, as you can see on the 2 hr chart, the descending triangle is broke down. The potential target is 41k, and there is a support around 41.6k, so the target should be around the 41to 42k for the descending triangle. If u zoom in, there is also a ascending broadening wedge inside the descending triangle. The ascending broadening wedge is also bearish by itself. The potential target for the ascending broadending wedge is 44k. see below for the ascending broadening wedge for detail.
Short
by ChrisZDC
BA Descending Triangle Weekly Options PlayDescription BA has been working this Descending Triangle from its post-covid crash high around 278. There was one false breakout to the upside on 15NOV, which I traded, related idea linked. Descending Triangles are bearish in nature, and the implied move carries BA down to 137. Intermediate supports are at 194, 179 and eventually 144.5. The immense amount of short triggers I am getting in this market is alarming, indicating institutional liquidation has been going on since around JAN - FEB. The "new strain scare" from last Friday shows a perfect of example of investors looking for excuses to sell, not reasons. In reality, the market is not worth its current valuation. Good News = Rising rates = bad for earnings = bad for stock market And bad news is just bad news. Long Put Levels on Chart SL > 205.8 PT : 179 *Stops based off underlying stock price, not mark to market loss The Trade BUY 12/31 180P R/R & Breakevens vary on fill. The long put is placed at a reasonable midpoint between current stock price and eventual price target utilizing available strikes. I do not expect BA to reach this price target in a month. Manage Risk Only invest what you are willing to lose
NYSE:BAShort
by BarnardR
4
Bitcoin Update - THIS CAN BE A TRAP!!!Hey guys, listen to this quick update. We're going to get straight to the point. Everyone is bearish about Bitcoin, right? If you look at the fear and greed index, you can see that there's a lot of fear. Yesterday, there was extreme fear around 21. And today there's still fear, around 28. But that's the good news. If everyone is talking about a bearish Bitcoin scenario, then where's is your EDGE? If the whole world is thinking the same thing, then YOU as a day trader don't have an edge anymore. And in order to have an EDGE, you must do and think what other people don't. I hope you get the point. This is the same scenario when Bitcoin was going up and it hit 69K on 10 November 2021. Everyone was SCREAMING: "Bitcoin to 100k" Everyone was thinking and saying the same thing, so that means that there was no edge anymore. And what happend? The exact opposite! Bitcoin went down to 42K! Right now, everyone is shitting their pants. Almost everyone is talking about bitcoin making lower prices. Right now, people are fearful, they're anxious, and they don't know what's going on. So guess what? The exact opposite can happen. If you look at the 4 hour chart above, there was a bearish candle that closed right into support. As long as Bitcoin doesn't break that support level, there's no need to be bearish! The moment Bitcoin breaks that support level then we can begin looking for short positions. Conclusion, I'm not saying that we will see 100k Bitcoin. I'm just saying that if everyone is saying the same thing, then there must be another way. When everyone is greedy, be fearful. And when everyone is fearful, be....
by EliteTradingX
10
EURUSD DESCENDING CHANNEL (SELL or BUY)The daily chart is where we get the overall perspective of where the market might be headed and can influence how the market behaves from other timeframes. now in this case we see EURUSD creating a descending channel right? yes, and we should be looking for sells because the market is still channeled in between right? However, my chat is that we should look at the little triangle created, what about it? The triangle is now telling us that price will either break above or below the triangle. Should that happen then we will be able to make an informed trading decision. If it breaks above, we will be surely buying this market. But be careful when this breaks below the triangle, because the market maker might just trap sellers. Why I say this, is because of the left leg directly under the triangle, so when the market breaks below, the market maker might just be looking to create a second leg that will complete the double bottom pattern. I have created a logical trading synopsis, it is fully your choice to read up. Unless you think this is utter gibberish!!!
by Tokoloho
Descending Triangle PatternDescending Triangle Pattern is a Bearish Chart Pattern or Trend Continuation Pattern. As you can see that the price is making lower highs which means Buyers are weak and downward momentum is building. In most cases, this pattern indicates traders to make a short position. But I am Suggesting Long position here as the Bullish Harami Pattern is observed at the support zone which is a Bullish reversal Pattern. How to trade? Enter the trade once the trend line breakout appears and retest is done. Keep Stop Loss below the Support zone. If SL gets big then try keeping SL below recent Swing low. One can Keep Target of 1:3 or near to the supply zone. OR as per your Appetite. Note: I am not Sebi Registered Advisor or Technical Analyst. Consult your Advisor before Investing.
NSE:JKCEMENTLong
by Ami8singh
Inverted Cup with Handle and Descending Triangle, Oh My GodInverted Cup with Handle and Descending Triangle, Oh My God... These prices of all top 10 coins are so intimidating... But, cant ignore these signals!!! Is there anyone who knows better than me tell me that I am wrong... An Inverted Cup with Handle in 1H BTCUSDT. Descending Triangle in 1H BTCUSDT. All signs are pointing towards a sharp drop... On top that, it is Friday... May be 42, may be lower. If BTC push up from these signals, it will definitely be an eye opener for me to HODL!!! I might learn something new. Let me know what you think. Not financial advice, Do your own research...
Short
by fhkstoic
1