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Parallelchannels

[Bitcoin] Fail to support the bull trend channel..#Crack #Bitcoin #Binance #Daily - This is the appearance of Bitcoin's bearish breakout at the bottom of the blue large bull channel. - It seemed to rebound while keeping the $35,071 closing support level, but it showed a bearish trend again the day before and eventually fell. - In the event of a rebound, it is important to settle upwards of $35,071, and keep in mind that even after an upward stabilization, the bearish trend continues until it breaks above the $37,578 upwards. - If an additional decline occurs, a decline to $31k-$31.6k can be expected, and if the support in the above section fails, it is likely to decline even to $28.1k-$29.8k, which provided strong support. - If the $28.1k-$29.8k support fails, there is a possibility that a bearish departure of the bear flag pattern has appeared from the appearance since November, and there is a possibility that a gloomy period of falling to the simple target price of the pattern of $10k-$12.1k may appear.
by Tommy_Trader
1
!!! $BTC LOSING THE SUPPORT TRENDLINE! - CME GAP NEXT? !!!price action has been shit lately bitcoin is losing the lower channel of the parallel channel it had been forming since the start of 2021 on the weekly timeframe, which has been a big support in the past weeks if the breakout is confirmed and we close this 1W candle (only 8 hours to go) below that, I think we might see a bear market for the next few weeks rsi is about 32 on the 1D timeframe and 38 on the 1W timeframe, which shows us we have a lot of room for a huge fall to the downside I think the price is going to fill the CME gap @ 26K which I highlighted on the chart, it would be a huge drop, but I think that's what's going to happen since CME gap are almost always filled and this one has been waiting to get filled since December 2020 let me know what you think about this! and drop a like and follow if you enjoyed this idea or you found it helpful!
Long
by opop777
[Bitcoin] Is it finally rebound? But still be careful!#Crack #Bitcoin #Binance #Daily #briefing - Bitcoin, which had been on a bull trend since the start of the daily candle the day before, showed an additional bull trend following the announcement that Powell's interest rate hike of 75bps was not considered and broke the $39.2k-$39.5k resistance. - Further bull trend can be expected with a strong rebound at the bottom of the orange bull trend channel and the $37.7k support section, but I think it is too early to say that it has completely turned into a bullish trend as it failed to break out the resistance of $39,742, the closing price that was resisted during the previous movement. - $39.2k-$39.5k support is important when the $39,742 resistance is failed, and if the support in the corresponding area fails, we can expect a further bearish trend to confirm the $38,525 support. - If the $39.2k-$39.5k or $38,525 support is successful and rebounds, we can expect an upside to $41.5k-$41.9k in the short term and $43.9k-$44.5k in the long term. - If a correction appears by $38,525 but support fails, consider the possibility of a $35k-$34.2k support confirmation. - As mentioned above, as it failed to break out of the $39,742 resistance, there seems to be a risk in chasing after the previous day's bull trend.
by Tommy_Trader
1
[Bitcoin] Finally Rebounding!! Expectations are 43.9k-44.5k!!#Crack #Bitcoin #Binance #Daily - It looks like a rebound is emerging from the $37k-$37.7k I mentioned over and over again. - Bitcoin is showing a strong rebound since the low of $37,386 the day before, and seems to be trying to break out the resistance above the blue bearish wedge. - A break of the $39.2k-$39.5k resistance seems important if the break above the blue bearish wedge. If that resistance is not broken, we should keep in mind the possibility of retest support at the intersection of the upper wedge, $37.7k and the lower orange bull trend channel. - If the retest support is successful after being pressed, the three golden crosses of the RACD indicator will also serve as a strong bull trend. At this time, the long-term target price can be expected to rise to the resistance of $43.9k-$44.5k, which is the overlapping section of the orange bull trend centerline, the sky blue high-trend line and $43.9k. - However, it is recommended to carefully examine the $41.5k-$41.9k resistor located before $43.9k-$44.5k. - If the $37k-$37.7k support fails, $34.2k-$34.6k support is very important, and if the $34,322 low is renewed, the possibility of a big bear trend should be taken into account as the breakout of the lower blue long-term bull trend channel is possible.
by Tommy_Trader
1
BTCUSDT - as long as price is in asc. channel,it will be bullishBTCUSDT price is following an ascending channel and channel's lower trendlines are acting as strong support for the price, due to yesterday's strong down move the price is close to critical support area, as long as price is in the ascending channel and above support structure the bias will be bullish, previously the channel's lower trendlines triggered a strong bullish move twice we can expect the same if price holds above the support. In case, if price breaks below the asc. channel and support structure, then the bias will turn from bullish to bearish. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Long
by Stargazer_fx
4
BTC 4h and daily parallel channels#BTC/USD $BTC shaped a descending parallel channel, that touched the middle line. 🐮 break out from middle line that is the same with 0.236 fib level of last swing down, will increase price to upper line of channel that is the same with 0.382 fib level. 🐮🐮 break out from upper line of parallel channel, will face price to resistance zone between 0.5 and 0.618 fib levels and break out this resistance will fly price to upper line of daily channel around $50k and $52k. 🐻 rejection from the middle line or upper line of descending channel can help bears to drop price lower than channel around $35k and $30k.
INDEX:BTCUSD
by parissap
FTM 15 MINUTES SCALPINGThis is one of my invented 15 minutes scalping method whenever I find the "Ascending Channel" As you can see in the chart the point where price touches the resistance level of the channel (red arrow) is where to place a short or sell. While the point support level (green arrow) is the buy or long zone. This point are not just picked randomly, they are selected based on the following criteria 1. the initial resistance becomes support. 2. the levels at which resistance becomes support have equal distance in between.
by DewyCandles
[Bitcoin] When is Bitcoin going to check $37K?#crack #bitcoin #binance #Daily - It looks like Bitcoin has turned to a bearish trend after continuing failure to break out the $42k resistance. - During the bear trend, after failing to support the $39530.45 support line, it is converted into resistance and the bearish trend is in progress again. - If you look at the 'widening pattern' of lowering lows and raising highs, you should also consider the possibility of a rebound since the lows were lowered. - If a rebound occurs at $37k-$37.7k, where the lower orange bull trend channel is located, it is possible to buy aggressively, but keep in mind the possibility of a further decline to confirm the $35071 support. - The $35071.42 is a support line for the closing price of the daily peak formed at the end of January. In the larger view, it was formed by an inflection section of $34.2k-$34.6k, and is a very important support area as it is also the area where the lower end of the long-term bull trend channel is located. - In the event of a decline towards $35071.42, keeping the $34322.28 low is important for further bull trend. - If support is successful in the $37k-$37.7k support zone and rebounds, we recommend that you respond by checking whether the $39530.45 resistance is broken or not. If the $39530.45 resistance is not broken, it is highly likely that a bear trend will appear for the continued downward break of the $37k support area.
by Tommy_Trader
2
[Bitcoin] Doesn't know which way to go#Crack #Bitcoin #Binance #Daily - Bitcoin showed a strong bull trend the previous day, but it is a figure that has closed down by returning all of the bull trend. - The $41.5k-$41.9k resistance seem very strong. - The position of the previous day's high is at the center line of the orange bull trend, so if the decline continues as it is, the possibility of a bear trend should reopen to confirm the $37k-$37.7k support. - Since the lows have been lowered and the highs have been raised, it is possible to expect a large widening pattern or diamond pattern formation. - Response at this point in which the resistance of $41.5k-$41.9k has not been broken above seems to be high risk. It looks good to respond after confirming support at $37k-$37.7k or breaking above the $41.9k resistance, and I think it is safe to wait and see as much as possible between $41.5k and $39.5k.
by Tommy_Trader
3
BTCUSDT above wedge pattern, more growth after correctionBTCUSDT price is following a ascending channel and channels trendline's are acting as strong support for the price, price broke above the wedge like structure, after a correction/pullback towards the support if price holds above the support I expect the price to move higher... Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Long
by Stargazer_fx
2