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Pennant

BTC short term update / 2 potential scenarios. Hi dear community, I'm looking at 4h timeframe. As you see BTC has broken bearish pennant with the target 12-12.5K/Pink scenario/. At the same time it formed descending triangle with triple bottom + RSI bull div. Most of people are waiting lower prices such as 12-14K even 8-10K like they were waiting 100K+ in 2021. I'm sure 17.5K was the real #BTC bottom like 65K was top in April 2021. All my previous analyses, history data and the best on chain data proves that. The recent dump is a bear trap and fake break down like 2021 November top which was a fake break out/ bull trap/ with double top. At the moment there are real chances that BTC will start its bull run with double bottom+ weekly RSI bull div. I expect BTC to surprise everyone pumping from this point/green scenario/ and my worst case scenario is 13.7-14K then new uptrend starts. To tell the truth I don't expect lower prices like 12K, 10K and 8K. But be very careful and always manage your risks coz everything is possible in crypto like $SNM 6500% pump in a single day )))) If you like my ideas and analyses don't forget to follow, I will appreciate any single follow, thanks in advance.
BITSTAMP:BTCUSDLong
by ergal91
Bitcoin - Secret Invisible Pattern! This is a secret parallel channel that absolutely no one is talking about because it's visible only to experienced traders. Don't be a noob and buy at the 0.618 FIB + 1.618 FIB + channel bottom like a pro (if the price reaches this level)! Or open a leverage position on futures here. Bitcoin is the most hated asset in the world, and everybody spits on it. The funny thing is that while the dollar has been weak in recent weeks, bitcoin has been even weaker. As you can see, we have plenty of room to go down into the abyss. I don't know if the price will go up or down; I don't really care. I am mainly a day trader, and I post on TradingView only long-term views on crypto. But I have to admit I will be interested in Bitcoin once it reaches 3k for a long-term investment with part of my funds. Setup your orders to buy Bitcoin at 10k for a massive 50% profit, because I expect a massive short-term bull market from this level! Bitcoin is basically free falling; it's an absolute disaster, and the bear party with honey is awesome. Regards, Tolberti.
BITSTAMP:BTCUSD
by UnknownUnicorn2537518
34
VRTX seduces to to publish first idea I see a beautiful channel from the bottom of 2008. My concern is the bottom of october 2021 is the 4th time it touches (telling me being cautious because of possibly exhausting bullish trend) and the last weeks formed a rising wedge just under the middle of the 15 year channel. Also the top of july 2020 is too close, the "breakout" on 24th oct was not a really dominant candle, it can be false. If so, a double top can be confirmed in the next days when crossing $290 downwards. Still I'm a long position favouring guy, as a cup with handle (beginning from early august) seems to be confirmed, promising a $335 as target price. If that occurs in a couple of days, it can be considered as a valid breakout upwards from the wedge aiming ~$480 as target price. What do you think? :) NASDAQ:VRTX
NASDAQ:VRTX
by PaladinOfWealth
KBANK | Wave Analysis | Bearish Projection Diagonal 4-wavePrice action and chart pattern trading > A 2 conflicting pattern with a bearish move from the larger Head & Shoulders pattern and a bullish one with current bull pennant. > The larger HS pattern could be overshadowing the smaller pennant pushing the price lower - SMA20 dead crossed SMA50. > A strong symmetrical resistance; upper volume profile, price resistance, and SMA200. > This 4-wave diagonal projection is based on the unsuccessful breakout scenario with an upcoming C leg downtrend extension 0.786 - 1.0 approximately - 10 - 15% downside. > A bullish scenario is based on the successful breakout of bull pennant and SMA200 targeting the previous 3-wave high with a +20% upside. > Indicator: bearish MACD signal crossing below the signal and baseline Always trade with affordable risk and respect your stoploss!
SET:KBANK
by dukeposh
Steve's Gun2Head - Selling Bitcoin (I know....again!!!!)Trade Idea: Selling BTCUSD Reasoning: Trading continues to post lower highs and trades within a potential bearish pennant formation Entry Level: 16708.47 Take Profit Level: 16008.47 Stop Loss: 17008.47 Risk/Reward: 2.33:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
BITSTAMP:BTCUSDShort
by Signal_Centre
1
BTCUSDT | Wave Analysis | Mega Bull Flag Formation +80%Price action and chart pattern trading > A possible downtrend continuation for C-leg with the current bearish PENNANT pattern > The downtrend TP @ 1.618 extension zone at 13K USD price - same target with the previous bearish INVERTED CUP pattern > An upcoming mega bull flag formation with target reversal +80% upside @ 28K USD price. > Close short position once a divergence signal presented. Always trade with affordable risk and respect your stoploss!
by dukeposh
5
Tron TRX - 51% crash very soon! It's a great opportunity to short TRX on the futures market. You can short TRX on almost all exchanges. So it's very positive! The technical analysis of Tron looks very bearish. Descending triangles are likely to breakdown with a 60% pullback rate (retest) before continuing lower. The uptrend from 2020 to 2021 looks like a three-wave structure. It's not looking good to me. It's not going to be a surprise if TRX crashes even harder than 51%. I want to see a strong impulse wave, but this is not an impulse wave. This chart indicates that more blood is coming for the crypto market. It's possible! I expected a strong reaction from the POC of the previous triangle and also from the 0.618 LOG FIB. These levels are ideal for profit taking or a short-term long position. If you hold TRX, then it can be your last chance to sell it for a pretty good price. Even a 90 percent crash is possible, believe it or not. But I have to admit that TRX is holding its value pretty well. Unfortunately, the price is compressed in this triangle, and a huge, massive red dildo can be printed very soon! For more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
46