Falling
BTT/USDT looking juicyTake a look at BitTorrent. Looks like it is ready to see much higher levels after consolidating for weeks. BitTorrent news coming up too, stay alerted.
Also, I think that if we keep pumping, we are going to get a Golden Cross... but you go DYOR... :)
Let me know what you think.
BTC falling wedge, squeeze out from 50-53kBitcoin has entered a falling wedge converging near the 50k mark. Expect a breakout from this range soon and look for declining volumes as we approach 50k. These patterns are usually very reliable. With the crypto fear index reaching extreme lows, we can expect the price to bounce in one way shape or form. I am not just advocating a trend reversal, but also the possibility of an intermediary bounce that falls back down.
VIX preparing to make big movesWe have been in this wedge for over a year and we have tried breaking out and breaking down but have not been able to break free from this range.
We are now at the end of the pattern and the big move seems to favor tremendous upside and i will be buying calls on UVXY expiring mid December.
BTCUSDT Price was not successful in breaking 70K resistance As we said before the price below 70K$ can receive correction and even start to fall if these supports here break but only after breaking this 70K$ we can expect targets like 75K$--85K$.
Notice: if these supports here break then Bearish scenario targets and supports ahead are:
A. 61000$
B. 58000$
C. 50000$
DISCLAIMER: ((trade based on your own decision ))
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USDCAD Short Expected to fall -Bank of Canada surprisedHello Traders
Here is a new Short Opportunity
💹USD/CAD - SELL STOP
✅ Entry @1.24400 or below
✅TP-1# 1.24200
✅TP-2# 1.24000
✅TP-3# 1.23900
✅SL# 24.900
The Canadian Dollar is coming off of a big week after the Bank of Canada surprised by announcing an end to their QE program. This happened on Wednesday and brought a strong push of CAD-strength into the mix, as USD/CAD dropped down for a test of the 1.2300 handle.
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LMND in Falling wedge and strong support at 61USD (Possible 75%)Currently we are trading at ~63USD. LMND found support yesterday at 61USD line, which gave as already support beginning of October. In between a head an should pattern (green) was formed on 1h chart, which technical price target was around 58.66USD (red arrow). This wasn't reach since the support at 61USD seems to be really strong.
Many users identified already this long running falling wedge (with some deviation depending on user drawing). The falling wedge I have in mind startet beginning of June on the 4h charts (purple lines).
Now it is becoming really tight situation the 61 is support from below the upper and upper line of the falling edge built resistance from above. Since the support at 61 seems to be strong I expect a break out to the updside, which would mean a technical price target of around 110USD, which would mean +75%. Maybe the 100USD will be a strong resistance, which may be a first hurdle.
BTCUSDT if these local supports here break then dump is ahead As we mentioned before price may dump more here and after breaking this 60K support zone and the reason for this correction is daily channel resistance:
as you can see in the chart shared above strong support of bitcoin now is 50K but here on 4h, we mentioned some local support zones too.
Notice: only if 64k resistance breaks the market can get bullish once again.
DISCLAIMER: ((trade based on your own decision ))
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BTCUSDT broken trendline and more pump to 70K or fake breakout ?Usually, after breakouts like this, we expect huge pump and more rise for price and hitting new highs but bitcoin is getting a little weak after that huge amount of rise in previous days and also the price is receiving 60K resistance zone so we can expect fall and correction but only if the daily candle close below this red trendline once again.
Notice: we are looking for a correction here and the conformation is daily close below red trendline else price can easily pump more and touch ATH or even 70K.
DISCLAIMER: ((trade based on your own decision ))
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BTCUSD is in 60K resistance zone and also ATH is ahead At this 4H update, we are looking at the previous trendline that broke and it seems that it was just a fake breakout and hitting stop loss of bears that were looking for a price like 60000$ to sell.
But we should also consider that BTC is really bullish and also it can look for new ATH here if the price retest this broken trendline and start to pump hard like a green path.
DISCLAIMER: ((trade based on your own decision ))
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BTCUSD is breaking all resistances here 70K is ahead or fakeout?As we can see a previous daily candle close above the red trendline and the market is pumping and soon price can touch ATH(all-time high) and only after breaking that red resistance zone more pump is ahead and this time we can look for targets like:
A.70K
B.85K
C.99K
Notice: if and only if prie once again dump below this resistance trendline then we had a fake breakout and the price can easily fall to supports like 50K.
DISCLAIMER: ((trade based on your own decision ))
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BTCUSDT only after breaking supports heavy fall is aheadAs we can see there are two important supports here.
The first one is that green trendline that is not broken yet because 4H candles are closing above it but two times price try to break this trendline and start to dump but was not successful.
and the second one is that the green support zone that is mentioned on the chart too and the price is not touching it yet.
Notice: these supports can easily break and then heavy fall is also expected like purple path.
Also, consider it that if the price receives support here and breaks the red trendline then the market is again bullish.
DISCLAIMER: ((trade based on your own decision ))
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BTCUSDT is breaking trendline and 50K OR more pump and 60KAs we can see price is near our range zone resistance and if it breaks this range zone to the upside then it can easily pump more and hit the Bullish scenario's targets, that also mentioned on the chart with green arrows.
But also the price is breaking this green trendline and if it breaks this trendline successfully then it can start a correction phase and then we are looking for targets like 50K and some rest and fall here.
DISCLAIMER: ((trade based on your own decision ))
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ETHUSD can see some correction here and touch support zonesAs we can see price is respecting this local resistance here and we may have at least a little correction here and touching 0.26% or 0.38% Fibonacci levels like a red arrow.
Notice: as we said a lot market is still bullish and long-term targets like 5K are also possible in this uptrend.
DISCLAIMER: ((trade based on your own decision ))
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BTTUSDT is creating a Falling WedgeBTTUSDT is creating a Falling Wedge on the weekly support. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.