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Downtrend

Bitcoin uptrend or yet another Bull Trap on Bitcoin. IMOBitcoin has broken above a previous resistance line. Although we are not in the clear, my outlook is still bearish. I am still looking for the $9K bottom. Hopefully I am wrong and we have a picture perfect scenario happen. The sad fact is life doesn't always have a picture perfect ending. I wish it did for my sake. The charts show a nice sign of relief incoming. The market attempting to set higher highs and lower lows. That doesn't seem like a great sign but it is a sign that the bottom is getting closer to being found. We haven't found a clear bottom unless we conclude this cycle with $17,500 as that bottom. In which case I could be considered wrong. I wouldn't complain.
by Cryptocrash1
BTCUSD, Daily, Continuation of the downtrend?Due to a similar formation that has already occurred twice, I predict a breakout from the channel and further drops, maybe to the retracement of 13850, where there is a demand and a fibo retracement. Even stronger support levels are on the retracement of 10850 and on retracements lower than 9000 (also fibo levels). This construction is based on a channel, a false breakout, and a bounce of the downtrend line. Because the price bounced off the trendline triple (I count only main bounces), I think that it is the last or penultimate bounce. We are still in a downtrend. Following that, I would forecast consolidation-accumulation. As my forecast is quite complex, chances are it will come true according to the arrows I have drawn. It is possible, for example, that we will have a head and shoulders pattern (or as I call it, a Dick pattern) + a rebound from the downtrend line, not from the bottom channel. DISCLAIMER It is not financial advice. It is only my own view of the market.
INDEX:BTCUSDShort
by MichaelFX_ICT
EURUSD 1H big hidden convergens Best Traders, in this study i want you to pay attention from this convergens senario, EURUSD in down trend and there is a small divergens raised the price a little (but) there is a big convergens in most case make continuing for the down trend , i think we should wait alittle before to be bullish on this pair , firstly lets us see a breakouts for the down trend and after that build up for good price action to confirm the breakouts , other than that we wil just wait for oposite price action to confirm for us the continuing of down trend, thanks
by AowsHosam
BITCOIN STRONGLY RE-AFFIRMS DOWNTREND. DESPITE Low Time-frame oscillations bitcoin is globally affirming (again) its Daily DOWN-TREND. This week Rates will be HIKED by the FED again .... Act Accordingly Brace YOURSELF !!! Now 140,000 bitcoins are starting to be DUMPED on the Market from Lquidation of Mt. Goz confiscated wallets. The owners of these HUNDRED-FORTY-THOUSAND BITCOINS have waited for the moment to sell for 6 Long years - they ARE GOING TO DUMP on the exchanges 140,000 bitcoins . Did I mention that in a few days One Hundred Thousand Bitcoins and Forty Thousand Bitcoins are DUMPED on the Market ? Act Accordingly.
Short
by cure4virus
6
$SHOP Rectangle pattern trading rangeNYSE:SHOP The price has formed a Rectangle pattern and has been in a trading range since May 2022. A close above $41.85 will confirm the pattern's breakout, with a target price of $51. 40 . A close below $28.90 will confirm the pattern's breakout, with a price target of $21.75. Note that not every price target is met. $SHOP remains in a downtrend. A close above $79.00 will confirm a trend reversal, and the price will likely keep moving to the upside.
NYSE:SHOP
by SanchezAxline