BTC is forming flag for another dip?Heyyy traders!
Here are some thoughts on Bitcoin:
As we can see, it seems like we are forming a bearish flag 🥵. Additionally, the volumes are diverging, meaning they are falling while the price is growing. Another confirmation for a dip is that we didn’t see a buyer's reaction from the important level around 0.618, and the movement is really weak.
So, most likely, we can touch the zones of the previous support around 51k or even lower, around 48-49k.
What's your thoughts guys?
Flag
TrueFI (TRU) - 350% returnOn the above 4-day chart price action has corrected 75% since March. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Significant bullish divergence. Multiple oscillators print positive divergence with price action.
3) Bull flag break out with 350% target projection.
Is it possible price action prints lower highs? Sure.
Is it probable? no.
Ww
Type: trade
Risk: <=6%
Time to act: days
Return: 350%
US DOLLAR INDEX (DXY): Time to Short The US Dollar Index has formed a bearish pattern, breaking down from a key support level and then retesting it.
On the 4-hour chart, a bearish flag has formed, which might trigger a strong sell-off as the pair has broken below the flag's support.
This confirms a strong bearish bias, increasing the likelihood of further downside. The next targets are 104.81 and 104.59.
Voltas bullish flag pattern breakout Bullish flag pattern breakout, along with potential DEMA crossover. Strong demand zones formed as well. Likely going to be a 15-30% bullish move in the future. Stock is currently in an uptrend making higher highs and higher lows.
Disclaimer: I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market. Consider this idea for educational purposes only.
AUDCHF: Strong Bullish Pattern 🇦🇺🇨🇭
AUDCHF formed a classic bullish trend-following pattern.
After a strong bullish rally, the price initiated a correction within
a bullish flag.
Its resistance violation is a strong trend-following signal.
I think that the pair may retest 0.607 - current local higher high soon.
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EURGBP: Bearish Trend Continues? 🇪🇺🇬🇧
EURGBP is trading in a long-term bearish trend.
After the price set a new low in June, the market
started a correctional movement within a rising wedge pattern on a daily.
Bearish breakout of the support of the wedge may signify the
resumption of a bearish trend and a highly probable bearish continuation.
The price may reach 0.8437 level soon.
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WLDUSDT | Bear Flag!WLDUSDT is forming bear flag pattern which indicates further downward momentum. Break out and retest is already observed in the coin and further downward is continue currently. The pattern completes at $1 which is the support level of the price. This is just my observation, do your analysis before take long or short position.
WHERE IS BITCOIN BOTTOM??Hey everyone!
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Where's the Bottom for Bitcoin (BTC)?
The big question on everyone's mind: where is the bottom for Bitcoin (BTC)? While predicting the absolute bottom is impossible, we can analyze different factors to make informed decisions.
Here's a breakdown of three key areas:
Technical Analysis: Looking at the past 4 months, BTC has traded within a range of $56k to $73k. The daily chart suggests a possible bull flag pattern forming. The $56k-$60k zone provides strong support. Holding above this level could indicate a potential breakout from the bull flag.
Fundamental Analysis: Negative news circulating in the market, like the German government selling Bitcoin and Mt. Gox creditor payouts, can create temporary downward pressure. However, it's important to remember that these events can also present buying opportunities during market dips.
Market Sentiment: Fear and uncertainty can grip traders during downturns. The Fear and Greed Index reaching extreme fear might signal a potential bottom, but it's not a guaranteed indicator.
Important Takeaways:
Predicting the absolute bottom is not possible.
Diversification and Dollar-Cost Averaging (DCA): Consider spreading out your investments (DCA) across different projects to manage risk. This approach can help you average out your buying price over time.
What are your thoughts on BTC's current price action? What are you watching in the altcoin market? Share your analysis in the comments below!
Thanks!
Alikze »» SHIB | Bullish Flag🔍 Technical analysis: Bullish flag in corrective zigzag wave 4
According to the analysis presented in the previous post, wave 3 or rising C in the area of 2.618 Fibo of the previous wave itself was completed.
💎 But now in the 1D time frame a bullish flag is formed in the form of wave 4 zigzag.
After exiting the congestion and descending channel in the supply range, it has faced selling pressure.
💎 Therefore, it can be offered after the pullback to the broken structure in the liquidity range by successfully collecting liquidity to break the zone.
💎 In addition, if the candle closes to the sub-zone in the daily time, the bullish scenario will be invalid and should be re-examined and updated.
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