Maybe
Goofy goes scuba divingPossible double top. It could also look as a bullish pennant breakout and retest, but the possibility of a fakeout and double top is very real. The breakout looks really weak. + those last two candles, lol. Bullish meme pennant charts everywhere. I hope I'm wrong
Yeah it looks like there's plenty of bubbles forming possible tops everywhere I look
Just posting random ones, they're endless
When BTC will DROP? just now
With the last calls for long BTC i look for the points who can be trend change trigger.
for me the short main trend is still valid.
hope i am wrong on this since i invest on the value of BTC 5.40% to increase ,so, for now small long , and i will be ready for one more major short with lav' trade on bitmex.
This going to be interesting to follow.
what is your opinion about this chart (50% of you will say i am wrong :) )
good luck all.
Where do we go? (unconvinced bear)BTC daily and weekly is still fairly bearish; closing below early 6400 support; however, 4H looks like a possible wyckoff accumulation. Where do we go?
I'm currently still net short but now nearly flat with longs from 5900 ~ 6000 (5800 on Sept XBTU) as BTC. The possible wyckoff accumulation on the 4H is a lot less structured compared to the distribution pattern at 9.9, but given that in the past week we've seen some better bullish reaction to this price range, at least some upwards moves can be expected. It's possible we see another large upwards move like in april but there are also less shorts to squeeze currently.
Current plan: keep futures longs open with stops slightly above breakeven (invalidation); keep existing short open with more asks at 6400~6600; stop at 6880.
Stay safe!
Massive Cup and Handle Hey Guys
www.tradingview.com
I'm very new on the block and I don't know what type of reception this will receive but hey this a wild and wacky world and anything can happen
I predict the biggest cup and handle ever seen by man, where we can be fluctuating between 12k -7k at any time, but the main break out points will be around the 20k-15k area.
If you would like to discuss this idea and poke holes in it, please do so as I will be reading them all and hopefully learning why I'm so very wrong
NEOBTC uptrend continues?Looking to break this ascending triangle but first and foremost I'm looking at the bolls and a couple of oscillators on this one. we see a much high lows accross our candles. lower highs on the stochRSI indicating another bullish run. Watching to see our price to exit oversold zone on the StochRSI to comfirm the trend continues. could be a nice little movement in this market lull. if all timelines align and all indicators point toward the big bad bull i would be tempted to do the hokey pokey and throw a couple of hands in, until it turns around ofcourse... ;)
however it is a very tumultuous times and anything could happen ha!
watch the charts
watch the news
watch the gains
good luck
the trading tradie...
To Short or not to Short?The channel indicated on the graph is self explanatory. I do not think there will be a trend reversal yet on the next few days, but certainly the resistance at the $230-$250 range is forming and could yield a slow reversal, which has not been proven to be a behavior of this currency yet.