6:1 risk reward on pennant breakscouting possible retest
6:1 risk reward ratio
a little too high timeframe for my tastes, trade could last 45 days, prefer 30 maximum
and volume a little light so lower timeframes are a bit scatty
Pennant
Feeling Brave?! Sell Bitcoin Now at 50% FibJust under 42K in BTCUSD is the 50% Fib of the entire drop from record highs to the 2022 low. It is also the objective from the recent triangle breakout.
Note: this is very counter momentum - which are usually works out pretty quickly - either in profit or loss! Also - the triangle is probably part of a bull pennant in which case the upside objective is more like 49K.
Bitcoin Pennant TiltIts seems my previous post may have been premature but this possibility is still on the cards given the bullish trending nature!
Bulkowski Pennant @ Tilt :-
thepatternsite.com
$UPST Upstart Holdings Inc FLOAT SHORTED: 45.10%NASDAQ:UPST Upstart Holdings Inc FLOAT SHORTED: 45.10%
entry PTs 24.16 (Buy date: 20 Dec '23) --> 2nd entry PT 27.43 (Buy date: 18 Jan '24)
Target PTs 34 --> 24.16 --> 32.70 --> 27.43
Upstart Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank and credit union partners. The company was founded in 2012 and is headquartered in San Mateo, California.
$TIVC Tivic Health Systems Inc FLOAT SHORTED: 59.77%NASDAQ:TIVC Tivic Health Systems Inc FLOAT SHORTED: 59.77%
entry PT 1.86-ish
Target PTs 3.40 - 3.60 --> 11-27
Tivic Health Systems Inc. operates as a health technology company, focuses on developing and commercializing non-invasive bioelectronic medicine. Its primary product is ClearUP, a bioelectronic medicine for the treatment of sinus and nasal congestion pains. The company sells its products on direct-to-consumer channel through its own websites; and platforms, such as Amazon.com and Walmart.com, as well as to U.S. online retailers, such as BestBuy and FSAStore. Tivic Health Systems, Inc. was incorporated in 2016 and is headquartered in Hayward, California.
BEAMX: A New Star Emerges, Aiming for New Highs! 🚀💫Today, let's shine a spotlight on BEAMX, an emerging star in the crypto galaxy. Despite being a newcomer, it's showcasing unmistakable bullish vibes, setting its sights on the $0.5 milestone. Join me as we explore the promising trajectory of this budding coin! 🌌📈
BEAMX's Stellar Prelude:
Genesis of Optimism:
Fresh Arrival: BEAMX has recently entered the crypto scene, but its early performance is signaling a promising journey.
Bullish Aspirations: With an ambitious aim, BEAMX is eyeing the $0.5 level, showcasing a bullish inclination from the outset.
Breaking Free from the Triangle:
Chart Dynamics: BEAMX has gracefully broken free from an ascending triangle, symbolizing a powerful bullish breakout.
Imbalance Residue: Leaving a notable imbalance on the 4H timeframe, the stage is set for a potential retest and continuation of the upward momentum.
Navigating BEAMX's Cosmic Trajectory:
Retest Expectation:
Anticipated Move: A retest of the breakout level is on the horizon, presenting an entry opportunity for traders.
Strategic Outlook: A successful retest may pave the way for a confident push towards the $0.5 target.
BEAMX's Advantage:
Early Indicators of Strength:
Despite its infancy, BEAMX's bullish demeanor signals early strength, attracting attention from traders seeking new opportunities.
Strategic Entry Points:
Traders can capitalize on the imminent retest, strategically positioning themselves for potential gains as BEAMX embarks on its upward journey.
Conclusion:
BEAMX, the rising star in the crypto constellation, is proving that a bold entrance can command attention. Keep a watchful eye on the anticipated retest, as it may unlock a pathway for traders to ride the bullish wave towards the coveted $0.5 milestone.
May your trades be as stellar as BEAMX's ascent in the crypto cosmos!
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
KAS confluence of Pennant & Golden Ratio Fib Extension targets?KASPA uptrend seems to be holding, though a breakdown to 9.2 cent level is still possible. Using the power of wild speculation, the 1.618 fib extension of recent moves and apparent pennant breakout both seem to imply a possible future key level in the 24-25 cent zone.
ending diagonal pattern ?bitcoin price are up this year
gold collapsed two times this year in big way but bitcoin has been very strong
if ending diagonal lower trend line breakout then you can say trend has peaked
Tesla Long Is A No Brainer...Massive wedge breakout is imminent. Has been steady climbing back into wedge end, breaking resistance that was previous uptrend support on other timeframes. With new India plant news on the horizon this has IMO potential to hit 280 citing its approval. NASDAQ:TSLA Follow me on Snapchat for live charting. Shonufftrades
LONG: Perfect High Tight Flag forming on CRSPNASDAQ:CRSP
High tight flags were first observed by legendary investor William O'Neil of IBD and CANSLIM fame. Check out the pattern on CRSP, showing an 86.12% gain in just 22 days. Notice the consolidation of 7.02% over the past week forming the high tight flag. Watch for a breakout on strong volume above the leading edge of the wedge for exponential gains. Predict that this will rise to above 120% in the coming weeks.
Read more about the launch of an approved product driving these gains at Zacks .
Pennant - AJHere I have AUD/JPY on the 4Hr Chart!
Price was Rejected @ 98.534 creating the high on Nov' 15th. Since then Price failed at the same level and again at attempted Higher High on Nov' 27th! Following this Lower Highs are Higher Lows which seem to be forming a Pennant Pattern!
Currently we have 3 Tests of the Falling Resistance and getting the 3rd test of the Rising Support now!
Pennants are likely to break Bullish OR Bearish so we must wait for the Proper Break!! Given AUD has some big news tonight, this will play a big role!
**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
Fundamentally this week:
AUD - CPI (Tue) and OPEC (Thur)
JPY - OPEC (Thur)
Bitcoin can exit from pennant, make retest, and continue fallHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago price declined to the support line, thereby breaking the 35900 support level, which coincided with the buyer zone. Soon price rebounded and rose to the resistance line, breaking the 37500 resistance level, but when BTC reached this line, it started to decline and fell back. After this, started to rise near the support line, and in a short time it rose to the resistance level again, but this time it at once rebounded and fell to the buyer zone, breaking the support line. Then Bitcoin entered to pennant, where it firstly rebounded from the support line and made a strong impulse up higher than the 37500 level, which coincided with the seller zone. Price reached the resistance line of pennant and a not long time ago bounced down below resistance level, breaking it again. At the moment BTC trades near the support line and possibly price can break the support line, thereby exiting from the pennant, making a retest, or at once continuing to decline to the support level. For this case, I set up my target at this level - 35900. Please share this idea with your friends and click Boost 🚀
Bitcoin Could Retest The Highs Before CollapseBitcoin has reached our 38.4 target then went back down. with BTC CME reaching to 39K and having a gap we could see BTC goes around 38.2 for another retest and then collapsing to the downside.
Thanks for watching
ANH Rings The Bell, Yearly Decline BeginsANH recent price action had price going below 12 June 2023 price, this represent a failed weekly cycle signalling that price is ready to decline into a yearly low price. We see price being rejected at the upper resistance. It is important to note that we have a pennant that is near resolution, it can break either way, if to the upside this can give short sellers a higher point of entry. The expectation is that price will visit the lower pink support line, if we follow timing of previous cycle, we can find a bottom in Feb/March 2024.
ETH Macro AnalysisEth is currenty making Bearish pennat Pattern as you all know about me that i m still bearish on BTC on Macro level.
But I trade BTC,ETH & ALts level by level regardless of beaish senerio
as you have seen my previous ideas regarding RUNE SOL APE and many more which i tell you to buy on dip with complete analysis & I also tell you about mini bull run in march .you can visit my wall to see that.
But i know that this not a real bull run, bull run will start in the end of 2025 or 2026 even if btc go to 80k$ its just manipulating.
My targets regarding Eth wil be 400$-700$.
i will buy it from there.
If you like my idea kindly like it and follow me
Thank You
Regards Hamza Shabir
BITCOIN 15 MINUTES STRATEGY This is 15 minutes chart and we are targeting a TP of 38416.74 aiming the highest of 15 time frame on a pennant chart.
This is our short term analysis as when we go to daily time frame we see a strong Billish confirming a continuation of a weekly bullish.
By then we are aiming a TP of 40848.00
Please leave your opinion on a comment box
Gold can make a movement down and then start to growHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a few days ago rebounded from the resistance line, which is located inside the support area, and coincided with the 1985 level to the support level. After this, the price bounced from the 1945 support level and tried to rise, but failed and declined to lower this level to the support line. But then, Gold started to rise near this line and in a short time backed up higher than the 1945 level, which coincided with the buyer zone and soon rose to the resistance line. Next, the price broke the resistance line, and reached the current support level, but at once bounced lower. Also, Gold started to trades in pennant, in which the price made an upward impulse to the resistance line of pennant, thereby breaking the 1985 level. But a not long time ago it rebounded from this line, declined to support line of pennant, and even broke it. And now Gold trades below this line and possibly price can decline a little more and then start to grow. For this case, I set up my target at the 2010 level. Please share this idea with your friends and click Boost 🚀
🚧EGLD is Bullish now🚧 & many Traders don't see it 👀!!!Hi every one
EGLD has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which EGLD is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen! The Next target is around 93$!
🟡Summery:
-EGLD has been Bullish Recently!
-The odds of another Bullish Movement is High!
-Bullish Pennant is Visible on The chart!
-No break out yet!
-Next Target at 93$
🤑Stay awesome my friend.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
ETH soon to break out towards 2200$ and possibly to visit 2500$In the next days ETH should break from this bullish pennant. If it can claim and successfully confirm support at 2200$ the price 2500$ should be next.
Pennant - UCADHere I have USD/CAD on the Daily Chart! Price has been creating Higher Lows into Lower Highs which is outlining a Pennant Pattern!
Important factors to mention:
The High price created at the First Touch of the Falling Resistance was unable to stay above the Previous Highs made on Oct. 13th '22 and Mar. 10th '23 and seems to be struggling with this Resistance at 1.38621.
The USD has been severely falling since last weeks news on CPI BUT could potentially find support at this 103.0 area like it did last time it was here on Aug. 31st!
Fundamentally this week:
USD - FOMC Meeting (Tues) Unemployment Claims (Wed) Thanksgiving* (Thur) Flash PMI (Fri)
CAD - CPI (Tues)
My bias on the pair at the moment is neutral due to the Heavy flow of News this week and the impact it all may have. WAIT for price to give a PROPER break of either the Falling Resistance or Rising Support!
*Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!!
November 21, 2023 - $SLP (Smooth Love Potion) AnalysisBINANCE:SLPUSDT needs to hold the bullish momentum. Price may reach PWH (Previous Weekly High)
📈 DYDX: Breaking the Charts with Precision! 💹 DYDX has emerged as a star player in the crypto charts, showcasing a compelling technical setup that has traders buzzing with excitement. The recent surge in price is not just a random move; it's a result of a clear breakout coupled with a meticulous retest of a significant accumulation zone. Let's dive into why DYDX is currently trading around the $4 mark.
Chart Analysis: DYDX's Technical Brilliance
DYDX's chart tells a tale of technical brilliance, featuring a decisive breakout and subsequent retest. The coin surged with purpose, breaking out from a well-defined accumulation pattern that took the form of a symmetrical triangle. Such patterns often signify a period of consolidation before a powerful move, and DYDX did not disappoint.
Technical Indicators: The Precision of the Breakout
The precision of DYDX's breakout is evident not only in the strength of the move itself but also in the subsequent retest. The price action confirms a clean and well-executed escape from the accumulation zone, showcasing the market's confidence in DYDX's upward trajectory.
Trading Strategy: Navigating DYDX's Momentum
For traders eyeing DYDX, the breakout and retest present a prime opportunity for strategic entries. Monitoring the coin's momentum and confirming the sustainability of the upward move will be crucial. A well-crafted trading strategy, considering these technical nuances, could position traders favorably in DYDX's promising journey.
Conclusion: DYDX's Charting Triumph
DYDX's recent price surge is more than a mere spike; it's a triumph in charting precision. The breakout from the symmetrical triangle, followed by a calculated retest, speaks volumes about the coin's technical strength. As DYDX continues to chart its course, traders are poised to ride the momentum of this well-executed move.
🚀 DYDX Analysis | 📊 Technical Breakouts | 💡 Trading Precision
Are you diving into DYDX's charting triumph?
Share your insights, strategies💚🌐💚
❗See related ideas below❗
Bear Flag short setup on Bitty Bitcoina no brainer
good risk to reward trade
bear flag setup
bearish divergence
its overbought
you know the drill
happy trading yall
