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Descending Triangle

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
BTC - Lets have a look shall weBTC 1D Chart Update: BTC is still Ranging Sideways within its Sideways Channel. Remember that Sideways Ranging is NOT done at a constant level but WITHIN a range of values. Note that BTC has failed to make any recent higher highs over the last couple of days. BTC is below its WEEKLY 50EMA. BTC HAS closed 8 Weekly Candles in a row BOVE its Weekly 50EMA. This is a VERY crucial week as BTC needs to close this weekly candle ABOVE its WEEKLY 50EMA. Failure to day so may cause further downwards momentum. BTC is still below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that the Upper and Lower bands are indicating Sideways Volatility but that the Lower Band is curving slight upwards. BTC is in another potential Descending Triangle Pattern. A Descending Triangle Pattern is a potential Bearish Continuation Pattern, so if you are LONG then you need to wait for a successful breakout of the Descending Trend-Line with a successful re-test of that level as strong support. We need to keep an eye on this pattern very carefully. BTC is also in a Descending Channel Pattern. A break above the upper Resistance Line and successful retest of the resistance as support will be confirmation of a potential reversal to the upside, or failure to breakout will, be possible bearish continuation. BTC is still below its Volume Profile Visible Range (VPVR) Point of Control (POC) for this charts visible range that i have selected. Daily Volume is still low and todays Volume Bar is still below its Volume 20 Period Moving Average. Note that yesterdays Volume Bar was slightly above the Volume MA. The Moving Average Convergence Divergence (MACD) is indicating we have had the MACD Line (Blue Line) cross back under the Signal Line (Orange Line) which is a sell signal for most traders that use this indicator. Note we have negative Red Histograms forming. The Average Directional index (ADX DI) is indicating the trend strength is increasing with the ADX (Yellow Line) rising to 26.76 and getting very close to crossing back above its 9 Period EMA (White Line) which is at 27.34. Note that the -DI (Red Line) has actually dropped to 24.82 but is still way above its +DI (Green Line) which is at 12.92. This is showing me that the -DI (Red Line) which is Negative Momentum had dropped quite sharply but the +DI (Green Line) which is Positive Momentum has also dropped. The Chaikin Money Flow (CMF) is indicating a sharp rise in accumulation with the CMF (Green Line) rising from 0.05 to 0.13. note that the CMF (Green Line) is back above its Least Squares Moving Average (LSMA) (Blue Line) which is at 0.08 and tis indicates a rising strength in accumulation. The Relative Strength Index (RSI) is indicating momentum is downwards at the moment. The RSI (Purple Line) is below its 9 Period EMA (Yellow Line) indicating downwards momentum is strong. Note that the RSI (Purple Line) is getting closer to the Oversold Zone. Here is a look at the BTC Weekly Chart. Looking at this chart, you can clearly see that the Weekly 50EMA is VERY crucial level for BTC to continue to close above. This is a VERY crucial week for BTC. BTC needs to CLOSE a WEEKLY Candle back ABOVE the WEEKLY 50EMA. Even though BTC is below the WEEKLY 50EMA, BTC is still Ranging Sideways within its sideways channel. The indicators are telling me that although momentum is downwards, Trading Volume is still relatively low but BTC is still being strongly accumulated. With overall Trading Volume Low, from My perspective this indicates a lack of Big Institutional Money. Remember that Retail money does not move the market, big institutional money does. Note that it is the institutional money that is put in AFTER they have accumulated their asset of choice, that moves the market up, NOT the money used in the accumulation phase. As we’ve seen recently, the Fundamentals for BTC, ADA, VET & most cryptos are truly amazing, but the Technicals are utter crap at the moment unless you’re short selling. Looking at the way the world is going, I have no doubt that soon the technicals will match the fundamentals, in a big way. This should be a very interesting couple of days. I hope his is helpful with your trading and hold-ing.
BITSTAMP:BTCUSD
by entertheroach
3
Bitcoin Analyze(Descending Triangle+Falling Wedges+Channels)!!!Hi Everyone, I hope that you took profit from my analysis, I will glad to see your comments below my posts . Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰ Location🌊 : about the location of Bitcoin , please read my post with the topic ''Bitcoin Analyze (Two Descending Triangle )!!!'' . Bitcoin was able to make some Triangles and Wedges , and I tried to find most of them. one of important Triangle and Wedge that I found on bitcoin's way were Descending Triangle & Falling Wedge . I think that both of them will work for us. Descending triangle will take our Heavy support ( 316200$ until 30000$ ( Support + Cluster of Fibs+ the lower lines of Descending Triangles) ) from us and Falling Wedge will work +finish Bitcoin's Correction (Probably price will see 26000$ and maybe less). LIVE: Bitcoin is running on Falling Wedge ( Weak pattern ) + Descending Channel . at the same time Price is on the lower lines of Falling Wedge and the middle of Descending Channel, and the Important line . if you are watching my chart carefully, you will understand that when the price is closing to this line, price has started to react to it. also I found Bullish Three Drives at TRZ 1 . RSI Analyze: RSI is running on Descending Channel , and now RSI is on lower line of Descending Channel + lower Band .👉 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 // also you can find Triggers for opening Long positions at TRZ 1 or TRZ 2 for Shot term //Please follow my lines( Red and Orange ) 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
12
BTC Calm Before the StormDecreasing volatility after a couple months of consolidation leading toward potential big move in 2 to 3 weeks, currently held in place in part by descending triangle and 20 day EMA. A review of MACD at 1, 2, 3, 4, 5, 6, and 7 days would suggest a rolling over toward the upside for medium term bull run, in the face of/despite said descending triangle and massive head and shoulders starting near the beginning of the year (which can't be easily discounted). Wouldn't be surprised by big dirty spike down out of the triangle to approx $30k and then quickly back up to flush out leveraged shorts and stop losses (max pain). Bright yellow curve is long term (since inception) log curve and strongest support should H+S play out in full. Not financial advice!
BITSTAMP:BTCUSDLong
by SBL2022
TSM breakout + measured move The chart shows a descending triangle, with a breakout. The breakout yesterday and today, have been on strong intraday volume. A measured move can be made by adding the height from the double bottom (purple circles), to the area of the breakout. Using the green arrows to represent the potential move, which takes us to $152 approximately. Which is coincident with the extended move of the fibonacci retracement lines at 61.8%. $135 and $142 are potential resistance zones, where we could see some profit taking.
NYSE:TSMLong
by dorfmanmaster
8
BTCUSDTPDESCENDING TRIANGLE PRICE ACTION This chart pattern starts forming with bears already in control of the exchange rate's downtrend. Bulls make a stand at a certain rate and try holding it as much as they can, while bears keep squeezing on that rate till they finally break it and the exchange rate continues its downtrend. Let's break down the pattern formation! In a downtrend, price action finds the first resistance (1), which will be the horizontal resistance for the rest of the pattern formation. Price action reverses direction from the first resistance (1) and goes upwards till it finds the first support (2), which will be the highest high in the pattern. Price action reverses direction from the first support (2) and goes downwards, till it finds the second resistance (3), which will be around the rate of the first resistance (1) Price action reverses direction from the second resistance (3) and goes upwards, till it finds the second support (4), which must be lower than the first support (2) The pattern is completed when price action reverses direction from the second support (4) and goes downwards till it breaks the triangle's lower border at point (5) Entry: after breaking the triangle's lower border at point (5), either with an entry after the breakout, or after a possible retest of the lower border. Take profit: identified by measuring the vertical distance between the triangle's lower border and the first support (2), that measurement is then applied from the breakout rate (5) Stop loss: can either be the triangle's lower border rate (5), or the last touch to the triangle's upper border before the breakout (4)
Short
by Adam-Robinson
Ascending Triangle breakout to the upside for BTC??!!??On the RSI Bitcoin appears as though it wants to break the downward sloping resistance of a descending triangle. The upward sloping support of the ascending triangle has seen multiple touchpoints, and the more a trend line is tested the more likely it's going to be broken, the same goes for the horizontal resistance. The KST is displaying a bullish cross where I have placed the green downward-pointing finger. If you zoom in closely it'll be more noticeable, and it's coinciding with breaching the downward sloping resistance of a similar pattern on the RSI. It's always possible we see a bearish scenario, I will link a recent post displaying a more macro bearish perspective, but on a micro-level, there's definitely some bullish potential.
BITSTAMP:BTCUSD
by ScotianBot
Bitcoin Analyze (Short Term/Timeframe 15min)!!!hi, today until tomorrow what will happen !? Bitcoin Analyze ( BTCUSDT ) Timeframe 15 ⏰ Please first look at my previous post 👉https://www.tradingview.com/chart/BTCUSDT/Yt4NDtF4-Bitcoin-Analyze-Patterns/ Bitcoin is running on Ascending Channel while this channel is on Descending Channe l (Yellow), also we are seeing a pullback to our lower line of our Symmetrical Triangle . In addition, I was able to find Bearish AB=CD Harmonic Pattern and I tried to show you PRZ (Price Reversal Zone) + TRZ (Time Reversal Zone// TRZ 3 is our important (upper timeframe)). also, I can see the end of the movement on Stochastic . Pay attention : This post is for the short-term and please follow my lines, maybe they are useful. 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 my lines. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow y our 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
10
Bitcoin Analyze (🎁Patterns🎁)!!!hi everyone👋, first I have to say sorry for my busy chart 🙏, Maybe I have to reward someone who can find the number of my chart patterns 😀🏆. Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰ Location 🌊: about the location of Bitcoin , please read my post with the topic ''Bitcoin Analyze (Two Descending Triangle )!!!'' . Patterns : Still, Bitcoin wants to make Triangles and Channels on our Descending Triangles. if you look at my chart carefully, you can see a Rising wedge that price broke the lower line of it and then price made pullback to the lower line of our wedge== This pullback made another triangle == Symmetrical Triangle . The price was able to break our Symmetrical Triangle too and now we are watching another pullback to the lowe line of the Symmetrical Triangle. Probably the second pullback CAN continue until The Upper line of Descending Triangle + the lowe line of the Symmetrical Triangle + TRZ2 (Even TRZ1 ). This pullback made Bullish AB=CD Harmonic Pattern. Live : Bitcoin is running on Descending Channel + Mastercandle ( Candlesticks analysis ) +the middle line of the lower Ascending channel 2 + Price is at TRZ1 . price will make Bullish Gartley Pattern ==Near the lower line of Descending Channel + TRZ2 // OR // Near the lower line of Ascending Channel 2 + Point D (purple// Point D of Descending Triangle ). Triangles' Target : Symmetrical Triangle's Target == Around 29340$ Rising Wedge's Target == Around 27560$ Pay attention to our Heavy support ( 316200$ until 30000$ ( Support + Cluster of Fibs+ the lower lines of Descending Triangles ). RSI Analyze: RSI is running at Descending Channel , also I found Head and Shoulder Pattern on the upper line of our channel, if RSI breaks the necking line, probably RSI will close to our Support Zone .👉https://www.tradingview.com/x/B3aAC81P/ 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 : Again sorry for the busy chart, I hope that my chart is useful //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 my lines . 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
27
Quickpost: TSLA Elliot wave UpdateI have been very, very, patiently watching this trade for a buy entry on TLSA and it has been a couple of months now as you will be able to see from my linked idea. I have used this chart to help me time some SPXU calls due to its inclusion in that index. My linked post will show how I thought this would be resolved a bit quicker in a simple falling wedge but buyers stepped in and now we have a descending triangle . Price gapped up two days ago right to the resistance of the ray, which is forming the resistance of the ascending triangle with also occurs at the 0.5 retracement level of O to A on the fib chart. We may see some sideways action here for a few more days but I expect this will resolve to the downside. The targets are based on the same 0 to A retracement and it would take full performance to get price into the previous 4 wave for a bounce. Anything below the low of 4 invalidates the whole pattern but would also mean massive over-performance to the downside. The most likely target technically is probably the 1.618 level. After that we will see if this turns into a bull trap or a massive move to the upside. I see a lot of bearishness in the equities market and TSLA is a bit of a canary in the coal mime for me for the broader market. If this does resolve as I suppose the next trade after buying the dip would be to sell the previous support of the triangle as resistance. This would make a massive head and shoulders on TSLA and be very bearish for the broader market and the price path charts where I see this ending up if the triangle structure does act as resistance. Suppositions on top of suppositions.
NASDAQ:TSLAShort
by This_Guhy
3