Get started

Descending Triangle

Bitcoin Analyze (Counting Waves + Descending Channels)!!!Hi, yesterday we saw a pump, maybe one of the reasons was interview Cathie Wood ⚔️ Jack Dorsey ⚔️ Elon Musk ⚔️ Steve Lee, But I want to work with Technical Analysis , not Funmanetal right now 😊 Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰ Location🌊 : I think that I was able to find the end of microwave 4 of the main Wave C at 36600$ === if you want to know how did I do?! please read my post with the topic ''bitcoin Analyze (Triple Three Corrections) !!!'' + ''Bitcoin Analyze (Two Descending Triangle )!!!'' . Live Location : Bitcoin is playing on microwave 5 of main wave C (End of Corrective Structure ) on Descending Channel 1 . If I want to explain more about where is Bitcoin now? I can say, Bitcoin is on microwave 4 of microwave 3 of microwave 5 of main wave C 😊 ( Microwave 3 of microwave 5 is Extended ). Also, I used Fib Tools + Pivot Points for finding End of microwave 4 of microwave 3 of microwave 5 of main wave C .in In addition, I think that we can find the end of microwave 4 at TRZ + Resistance Zone ( 32620$ until 32430$ ) + Bitcoin is on top of Descending Channels 3 & 4 , but I think Bitcoin will run between Resistance Zone ( 32620$ until 32430$ ) and Support Zone 1 (31340 until 31230$) and then on TRZ , we can see main Dump or better I had to say; we can find another major pivot on the chart ( Timeframe 4h ⏰). Also, I have to say that Microwave 4 can NOT go UP more than Support Zone 1 ( 31340 until 31230$ ) == Elliott's rules will be violated ( Wave 4 and Wave 1 can not have overlap ). Support and Resistance Zones on Bitcoin's way (Short term): Support Zone 1 : 31340$ until 31230$ ( Fib Zone + Support + Weekly Pivot Point ) Support Zone 2 : 31980$ until 31880$ ( Fib Zone + Support ) Resistance Zone : 32430$ until 32620$ ( Fib Zone + Resistance ) MACD (Timeframe 4h ⏰): We have Hidden Divergence ( HD+ ) between MACD and Price , Until Now.👉https://www.tradingview.com/x/gQUwFeRI/ RSI (Timeframe Daily ⏰): RSI was able to break our Descending Channel but I don't think that It can continue this way, maybe again RSI will back to the channel, and even it can make Descending Triangle , Please FOLLOW my lines on my RSI chart.👉https://www.tradingview.com/x/GBEJceMK/ ADX (Timeframe Daily ⏰) = 26.5 >20 or 25 ( -DI Line over +DI Line ) == means still, we are on Bearish Market 👉https://www.tradingview.com/x/VhgzhtqJ/ My Suggestion : please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. // if the price goes UP over the Monthly pivot point ( 35060$ ), then we can think about buying coins// in addition, you can find triggers for opening Short Position ( Short term ). Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ ' like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Short
by pejman_zwin
35
BTC analysis 21 July 2021Looking at the chart on the top, we have a bigger picture with confirmation of where we at right now. The top and bottom resistance and support are clearly layed out on chart. We have a side way channel with multiple confirmation including the low 29200 yesterday that works as further confirmation of the resistance and support. So where are we possibly heading? and what are the cases that are in play? Taking a closer look on the 4h level at the bottom chart, we have triple support lines ranging between 31 000USD - 29 000USD. Let us break it down and look at some possibilities. We pattern that is playing now is a descending triangle. We might be in the wave D unless the triangle is broken upwards. Case 1 (Bullish) - we break the triangle upwards on this wave C attempt and we have a short-med term bullishness. Case 2 (Neutral) - we dump again to the 30 000USD - 29 000USD level again for a retest and bounce back up for the E. In this case, the price will tell us whether we break this E resistance or we dump back down again. This is a good swing opportunity. Case 3 (Bearish) - We dump down to 29 000USD on this D wave coming down and we break it this time to 24 000USD. I am currently in a short position unless the triangle is broken upwards. I will rebuy at a retest in this case. Or at wave D bottom. Kind regards LZ
by lucian136
Bitcoin Analyze (Where is the End of Correction)!!!Hi, today I want to find the End of Bitcoin's Correction , Let's go. Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰ Location🌊 : I think that I was able to find the end of microwave 4 of the main Wave C at 36600$ === if you want to know how did I do?! please read my post with the topic ''bitcoin Analyze (Triple Three Corrections) !!!'' + ''Bitcoin Analyze (Two Descending Triangle)!!!' ' . Live Location: Bitcoin is playing on microwave 5 of main wave C (End of Corrective Structure) on Descending Channel . If I want to explain more about where is Bitcoin now? I can say, Bitcoin is on microwave 3 of microwave 3 of microwave 5 of main wave C 😊 (Microwave 3 of microwave 5 is Extended ). Also, I used Fib Wedge Tool for finding End of microwaves (When the price is arriving in Fib Wedge's lines, we can see pivots or end of microwaves).in addition, I think that we can find the end of microwave 3 of microwave 5 of the main wave C at TRZ + Support Zone . Support Zone : 30500$ - 30000$ ( Support lines +Fib Cluster ). At least, The end of wave C (End of Corrective Structure ) can be around = around 26400$ . My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. // if the price goes UP over the Monthly pivot point ( 35060$ ), then we can think about buying coins or we can find triggers on support zone for buying Bitcoin around 26400$ - around 24500$ - even 22000$ until 23000$ (let's see what will happen ). Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
by pejman_zwin
31
Bitcoin's Descending Triangle Target: $24K (Mind The Gap)Bitcoin's imperfect descending triangle currently targeting a measured move to $24K volume support zone. The $20K level of VPVR strong support also lines up with the logarithmic growth support trend-line. Short term looks bearish, long-term looks like a buy the dip opportunity before 6 figures. Never underestimate the accuracy of Bitcoin's descending triangle measured move targets, if the breakdown is confirmed: For alternative broadening wedge theory and bullish buy the dip scenario, see here:
COINBASE:BTCUSD
by dragononcrypto
Uniswap(UNI) big chance that will drop 50% if break this SupportPurple Line = Weekly Support Red Line = Daily Support Orange Line = 4 Hour Chart Support Yellow Line = 1 Hour Chart Support UniSwap (UNI) is on the way that break Weekly Support level, if that happen UNI has only Daily, 4 Hour and 1 Hour Support Level as obstacle and if we see Daily, 4 Hour or even 1 Hour Bearish candlestick which close bellow yellow line We can expect that price will drop from $14 to next Daily Support Zone on $7 because downtrend is confirm by Daily Descending Triangle too. If this help you with your trading Please Like, Share and Follow that give me motivation to make another Trading Ideas If you have some suggestion, comment or other opinion feel free to write it in comment Wish you succesfull and consistent trading with profits!
COINBASE:UNIUSDShort
by ArmaTrader97
5 VALIDATION TOUCHES (descending triangle) BULL TRAP (BTC) Hello day traders, Descending triangle is still intact and valid until proven otherwise. Bulls only had a brief moment above the resistance downtrend but it was a clear fake out to provide liquidity for the following dump. Lower highs, and lower lows have been printed. Both the daily and weekly look awful, and 4 hour is still overbought just waiting to get smacked down by intensified sell pressure. Whales have pushed the price sideways for 8+ weeks to trap retail into buying the dip in order for them to dump it shortly after to fill their bags. $19,999 is programmed and soon enough a new range will be formed in the $20,000's. Countertrade me and see what happens to your net worth 👍
FTX:BTCUSDShort
by YurloTrades
45
Descending triangle breakout planBased on the amount of times support has been confirmed at the $31,000 level and the number of lower highs along a trendline I believe that a descending triangle pattern is in play. This is supported by the previous formation of a pennant which has lasted longer than four weeks at which point it is more likely to be a triangle. Initially, I thought that we were in a symmetrical triangle but the upper diagonal trendline is too obvious to ignore. As such, I've updated my plan to reflect this new information. Not financial advice. I'm a beginner and I'm using tradingview as a platform to journal my study of technical analysis on BTC. Feedback welcome.
BITSTAMP:BTCUSDShort
by HelioHelix
Bitcoin Analyze (Descending & Ascending Channels)!!!hi, today I tried to play with Channels on my chart. Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰ Location🌊 : about the location of Bitcoin , please read my post with the topic ' 'Bitcoin Analyze (Two Descending Triangle )!!!'' . LIVE: Bitcoin is running on 2 Descending Channels + 1 Descending Triangle + 2 Falling wedges (Bitcoin loves Descending These days 😊) + BTC is missing some small Ascending Channels Regularly . The price is in the middle of one of these Ascending Channels + Support Zone ( 31370$ until 31260$ ) + we saw 4 crashes to lines of our Falling Wedge and I am expecting that the fifth crash will break the upper line of the Falling wedge or these crashes will continue until Price arrives (maybe breaks) on our Heavy support ( 316200$ until 30000$ (Support + Cluster of Fibs+ the lower lines of Descending Triangles) ). In addition, We have Divergence (RD+ ) Between Price and MACD , until NOW . Also, still, I am believing in Bitcoin Long-term Analyze (Monthly Time frame) 📆: Please read this post carefully ( I ❤️LOVE❤️ THIS POST(for Jun 9 )😀)👉https://www.tradingview.com/chart/BTCUSDT/PTviG7sS-Bitcoin-Long-term-Analyze-Monthly-Time-frame/ My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. // if the price goes UP over the Monthly pivot point ( 35060$ ), then we can think about opening Long positions for the Short-term// Please Follow Pitchfork's Lines too. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade s
by pejman_zwin
10
If BTC Break this Daily Support Level it can go Strong down #5Purple Lines = Weekly Support level Red Lines = Daily Support Level BTC Already break two weekly support levels and before two days break first daily support level but not yet second daily support level. If BTC break second support level in future days it should go strong down. Another strong confirmation of downtrend is Descending Triangle on daily chart. If this help you with your trading Please Like, Share and Follow that give me motivation to make another Trading Ideas If you have some suggestion, comment or other opinion feel free to write it in comment Wish you succesfull and consistent trading with profits!
COINBASE:BTCUSDShort
by ArmaTrader97
USDJPY - Daily Trendline Break - Lower Highs into SupportHi Traders, the market was moving in an Uptrend. As you can see, we here have a strong daily Trendline which was respected frequently and since a long time. Recently, it got broken, which indicates bearish power and the weakness of the bulls. It seems like the Trendline is over now. Now, the market made one lower Low and two lower Highs. That's why a descending Triangle is visible now. As the lower Highs are pressuring towards the Support, a bearish Breakout is expected. The target is the next Resistance. Take care: Sometimes, the price breaks the Trendline bullish, just to immediatly fall down. We recommend to keep different scenarios in mind. Thanks and successful Trading :-)!
Short
by swissmoneymakers
Descending Channel for Bitcoin??!It appears as though BTC is trading in a descending channel or a falling wedge. On the RSI there's clearly a descending triangle with a series of lower highs. On the DMI there was recently a bearish cross coinciding with a sharp decrease in the price. It's likely BTC bounces off the baseline support of the descending channel, look for sell pressure at the downward sloping resistance. I have drawn two hypothetical scenarios possible in the near term, glta.
BITSTAMP:BTCUSD
by ScotianBot
1