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Descending Triangle

💥BITCOIN TRUE BREAKOUT - TO 🚀 TO $50,000🔥As we can all see, we have a falling wedge pattern. Price broke out successfully at $36,000 with a pull back and we now have an uptrend in place. Therefore, I expect price to continue in this new trend, long to $43,000, short to $39,000. Another long to $46,00, short to $43,000 before a good BUY to $50,000. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Follow me to receive more updates on this pair🤙 Comment any coin you need my analysis or forecast on📈📉 Happy Trading💰🥳🤗 Thank you for your support!💓
BITSTAMP:BTCUSDLong
by PetrockFxTrading
This is starting to look more like Re-DistributionI am comparing the re-accumulation zone back in January to now. Both the differences in the pattern and also the differences in the indicators. Volume, MACD (the histogram portion) and RSI currently are showing weakness after showing a bit of strength which is the opposite of what was shown during the accumulation stage in January. A point of interest on the chart is that the current support seems to have been the accumulation area below it in January as shown the chart. Things that could change my mind is that there will most likely be a further decrease in price coming soon. If it can bounce once more and break back through the current descending triangle, with a retest, then it would finally have that show of strength that is missing now for an accumulation zone. If the trend changes: I would say a break through would target the 50 DMA which is currently cutting through the old support. Another bounce area soon might be the 50 week MA (~29k) which may suggest that might be a potential spring area to retest the descending triangle once more and try to break over. If the markdown does continue: A complete breakdown could drop it towards the 17.5k area but never too clear on these. An overshot of any target before a bounce is always possible too. Wyckoff distributions usually lead to another re-distribution area after the initial markdown in price. That is currently what I am seeing now unless things change. Becareful trading out there as these times are meant to confuse and do the unexpected at least during the micro timeframes. One thing to add is even a breakthrough may not go far as the macro for BTC still is very negative. ***Disclaimer: I am not a financial professional/expert and all ideas from me are all speculation based off of my own research. Please do your own research as well as I am not responsible for others when it comes to their financial decisions.***
BITSTAMP:BTCUSDShort
by WITSIT
2
BITCOIN - Descending Triangle Wave 4Having flip flopped a bit in the previous thread, I think I'm back on track with this projection - Bitcoin is in a Intermediate Wave 4 descending triangle, which will take crypto into the real bear market. This imo is a much cleaner count than what I had with the pennant. It never felt right how the E of the pennant popped out, but this one I feel is on the money, will not be broken and reminiscent of the long 2018 descending triangle - 6K, and we know how that ended. This as I have said before will probably be a truly devastating capitulation and I have a feeling we'll see all-time-lows on the daily RSI and other indicators. Trend based fib time there as a marker, will perhaps be relevant. I'm short right here and will hold into the next capitulation - just like last time. Will update on targets later. Not advice.
BITSTAMP:BTCUSDShort
by dRends35
38
BTC's bearish pattern!Hi every one Bitcoin / U.S. Dollar BTC is forming another bearish sign! as you can see in lower time frames the price is forming a Descending triangle! the price is expected to reach 30k from this point again! 30k is pretty strong support for Bulls if they lose it,Bitcoin can just fall to 20k! but we've seen before that a Descending triangle break the pattern upward and that might happen right now! If it happens BTC can go to 40k! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
COINBASE:BTCUSD
by CobraVanguard
13
Descending TriangleIn the last hour the BTC where rejected from the upper trendlinie of the purple descending triangle. Now there are two secnarios: The red level (~36.800) gives support (the level gave support in Jan 2021 and was already a Fib level in the major price movement in the last month--> see Fib tracement boxes at the very left). Then we have high possibility to break-out from this descending triangle The red level (~35.200) gives no support. Then some some consolidation could happen in the region down to the green level. Where a break-out tow lower price levels has high possibility. And then we may retest the lower line (~31400) of the descending triangle. Then it will get very interesting, since we would retest it the fourth time, which give high possibility that it will not hold. And the next price targets would be most probaable below 30.000.
Short
by MichiBTC2021
💥HISTORY TO REPEAT ITSELF, BTC TO RISE AGAIN 20th-22nd JUNEAs we can all see on this chart, this is replica of what happened early this year (January, 2021). On 8th January, price found itself in a tight triangular zone and eventually left the zone 21 days after with a breakout and a retest which led us to $57,500. History repeated itself again and price got into the same tight triangular zone on 19th May 2021 and it's still dwelling within the zone. Therefore, I expect an upward breakout from the triangle and a pull back to confirm a good buy to $57,500 just as I happened on 29th January. Therefore I expect Bitcoin to regain it's full rising strength within 20th-22nd June. This idea is invalid if price breaks the support zone within $28,800-$30,000 downward to $26,000. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you would like to have one-on-one interaction with me about analysis of coins or currency, DM me.
BITSTAMP:BTCUSDLong
by PetrockFxTrading
💥TWTUSD BUY OPPORTUNITY - TO PUMP TO $0.4 $0.5 & $0.6Trust wallet token is in a downtrend as seen on this chart. Also, we have a descending triangle too on the chart. Price has tested the support trendline the third time and didn't break it. Therefore I expect a bullish movement to $0.4 first. If Price break the trendline, then $0.5 and $0.6. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓
Long
by PetrockFxTrading
USDJPY 109.513 + 0.25 % LONG IDEA * MONTHLY OVERVIEWHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE THE DOLLAR / JAPANESE YEN FROM THE MONTHLY CHART. * This is an overview for a bigger picture , direction & sentiment of the pair IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED _________________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. __________________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRADE
Long
by PULEMokhothu
4
BTC - It's going to be a very interesting weekQuick BTC daily chart update. BTC is below its Bollinger Bands Middle Band Basis 20 period SMA on the daily chart. The Bollinger Bands Lower and Upper Bands are expanding apart indicating volatility has increased. BTC is way below its Volume Point of Control (POC) for this visible range on this daily chart. BTC has broken downwards out of its Symmetrical Triangle on this daily chart. BTC had wicked out of its Descending Triangle pattern but has managed to close a daily candle back inside the pattern. The bottom of the descending triangle pattern is at the same level as where the WEEKLY 50EMA currently is. This BTC weekly 50EMA is a very crucial level. Remember that we are at the beginning of the week so the weekly candle has a possibility to wick below the weekly 50EMA as it has done so tonight, but it’s crucial that BTC CLOSES THIS WEEKLY CANDLE above the weekly 50EMA. The Chaikin Money Flow (CMF) is indicating BTC is still in the Accumulation Zone with the CMF Line (Green Line) at 0.06 and above its Least Squares Moving Average (LSMA) which is at 0.03. It should be a very interesting week. I hope this is helpful with your trading and hodl-ng.
BITSTAMP:BTCUSD
by TradingThroughTheLens
6
EOS bearish movement to 4$!Hi every one EOS / TETHERUS EOS/USDT was in a descending triangle but now this pattern has been broken downward so we expect a bearish movement as much as the measured price movement (AB=CD).there is a strong support for EOS at 4$ which was the point where the price started to Increase from the last dump! 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
Short
by CobraVanguard
15
BTCUSD We're hitting the bottom today $34.5K 2021-06-07 4:41pmHello, here is my TA for BTC today. I think that since we didn't break the resistance at $35700K today, we're going back down to $34500K. The angles seem to confirm today will be the day it touches the base of the triangle. Which is good news if the trend continues, especially given the bullishness of ETH right now which will provide a much needed to push to BTC to breakout the descending triangle upwards. But can also be very bad news if the base of the triangle is passed. In that case we're back in big bears territories. Hopefully I'm right. About it going bull not bear lol.
COINBASE:BTCUSD
by v82pr29ssu
Ethereum ETHUSDT - Ascending triangle + Breaking out!- Ethereum is forming an ascending triangle, which is generally a bullish sign! - Also, the price is above the trendline. - Out target can be below the all time high level . - ABC correction should be over. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"! - ETHBTC pair looks also very strong.
Long
by UnknownUnicorn2537518
15
🔥Ethereum is on Ascending Triangle(Bear Market) 🔥(Road map)🧐Today, I decided to publish a Road map for Ethereum . First, I have to say again sorry (This post is like with post that I published ''🔥 Bitcoin is on Contracting Triangle 🔥 (Road map)🧐'' ) for the busy chart ( ETHUSDT ), but my chart needed these lines. Please spend a few minutes on it.🙏 Location: ETH is on Main wave 4 ( Zig zag 5-3-5 ) for about 25 days (From 4372$ until LIVE price) and I think that Main wave 4 will take more time from us (maybe more than one month , just a prediction ). My idea : ETH was able to pass the Microwave A (It had 5 microwave) of the Main wave 4 at 1866$ . Now, ETH is running on Ascending Triangle ( Bear Market shape ). I was able to find the 3 main points of the triangle A-B-C ( Ascending Triangle ). For finding Point D , we have to concentrate on Descending Triangle for Bull Market OR Barrier Triangle . (In the following, I will explain the reason for the word ''OR''). I think that Point D can be around 2552 $ == Near the Lower line of our Triangles. I have three Scenario : Scenario 1 : when the price arrives to Point D , it can break the lower line of our triangle, and then the price starts to go down, so the end of microwave B of the Main wave 4 was at Point C + microwave C of the Main wave 4 has started === Triangle that I spoke about it for finding Point D will be Barrier Triangle . Scenario 2 : when the price arrives to Point D , then the price goes up until Point E (Price will break our Descending Triangle (for Bull Market ) on this way). Point E can be a Critical Point for us (It is the end of microwave B of Main wave 4 ), better, I had to say that market will decide to go UP or DOWN ( UP will make my Scenario 3 // DOWN will make my Scenario 2 ). If the price goes DOWN at Point E , we can say that microwave C of Main wave 4 has started == Triangle that I spoke about it for finding Point D will be Descending Triangle (for Bull Market) . Scenario 3 : when the price arrives to Point D , then the price goes up until Point E (Price will break our Descending Triangle (for Bull Market ) on this way). Point E can be a Critical Point for us(It is the end of microwave B of Main wave 4 ), better, I had to say that market will decide to go UP or DOWN ( UP will make my Scenario 3 // DOWN will make my Scenario 2 ). If the price goes UP at Point E , we can say that BTC will go UP by 5 new impulsive waves == Triangle that I spoke about it for finding Point D will be Descending Triangle (for Bull Market) . Also, I have to say that Microwave C can not go down less than 1406 $ == Elliott's rules will be violated ( Wave 4 and Wave 1 can no t have overlap ). Resistance zones on Ethereum's way : Resistance zone 1 : 2900$ until 2935$ ( The upper line of Ascending Triangle + Monthly Pivot Point ) == Heavy Resistance Resistance zone 2 : 2814$ until 2837$ ( 38.2% Fibonacci microwave A of Main wave 4 + Weekly R1+ 88.6% Fibonacci (Point A) until (PointB) ) == Light Resistance Support zones on Ethereum's way : Support zone 1 : 2264$ until 2180$ ( 88.6% Fibonacci (Point B) until (PointC)+ 61.8% Fibonacci (Point A) until (PointB) + support (major pivot) ) == Medium Support Support zone 2 : 1900$ until 1865$ ( support (major pivots) ) == Heavy Support My Suggestion : please DO NOT buy Coins for Midterm and Long-term investment until the market finds a way . 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 on this post. Please do not forget the 'like' button :) & Share it with your friends, Thanks, and Trade safe. Good luck
by pejman_zwin
20
EPS/USDT Descending triangle. Opportunity to recoverCurrently we are within a descending triangle between the green and yellow lines. What keeps us optimistic is the fact that we see only see strong volume increase in case we are moving upwards. This indicates that buyer don't sell again. You can stake EPS or USDT/BUSDT/USDC on the official website. Basic rules: - Never buy the top/ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone. Check the description.
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by tumbler55