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Bitcoin technical analysis (bearish, weekly)Bitcoin shows major signs of weakness at this moment on the weekly chart. We have a bearish divergence on the RSI indicator, which cannot be ignored. Also, we have a shooting star candle, which is probably the most bearish candle that exists in the price action. This bearish candle will be confirmed if we break the low of it, which is 41500. How deep can bitcoin dive? There are 2 major supports on the weekly chart. The first is the POC of the previous market structure in confluence with the strong liquidity point at 36707 (stop losses of others). The second support is the start of the major gap at 34025. If these 2 support fail for some reason, the next support would be 28000, which is the end of the major gap. I am bearish on Bitcoin, and this is my current outlook on the weekly chart. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
33
7203 - 4 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
TSE:7203Long
by TheArtOfCharting
AUDUSD RECTANGLE CHANNELGreetings Traders! Welcome aboard! Today, let's explore AUDUSD for an exciting trading opportunity. The upper trendline breakout stands at 0.67286, while the lower trendline breakout is at 0.66480. Notably, the price has recently broken below the lower trendline at 0.66480, suggesting a potential bearish scenario. Targets are determined by measuring the rectangle channel's height to 100%, setting our goal at 0.65329. Stay tuned for updates and happy trading!
Short
by TradeChartPatternsLikeThePros
Pendle is pumping, how much % can it make? (342%)Pendle is one of the stronger coins currently on the crypto market. We can see that we have had a pretty long consolidation where whales were accumulating coins. Of course they want to make money, so they sent the coin to the upside. We can see that the uptrend is starting to be parabolic, which is very good because you can make a lot of money in a short period of time. My profit target is the 2:2 FIB extension, which is 342% profit from the current price if you buy the coin right now. About Pendle - Pendle is a protocol that enables the tokenization and trading of future yield. With the creation of a novel AMM that supports assets with time decay, Pendle gives users more control over future yield by providing optionality and opportunities for its utilization. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Long
by Xanrox
3
DATA (Streamr) is ready for a massive pump (2811%)DATA is starting something really huge. We can see that whales accumulated for a long time and now the price is breaking out of the accumulation phase. If we take a look at the volume indicator, we can see that the volume is astonishing. This definitely confirm our bullish bias. 2811% profit is not a sci-fi, but a real deal. Elliott Wave ABC corrective pattern is complete. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Streamr (DATA) is a project focused on seamless data exchange and monetization of this data. It’s a peer-to-peer (P2P) network for real-time data that runs on Ethereum, allowing smart contracts to be used to facilitate the exchange process. Broker nodes are the key element of the network, which work as follows: data is received from providers (also called publishers) and transmitted to consumers – this is the publish/subscribe pattern that the network uses. Sponsors (which may be publishers) pay DATA tokens into a smart contract (called a Bounty) to secure the operation of the stream. The data stream is secured by broker nodes mining Bounties, and relayed to subscribers through publisher or broker nodes (data streams are segmented). A number of technologies that have been developed to optimize Streamr are a hierarchically organized complex called the Streamr Stack. This complex supports uninterrupted data transmission in the Streamr network and consists of five blocks: smart contracts (responsible for optimizing relations between participants in the network's information market); streamr editor (a set of programming tools developed for the purpose of the project); streamr engine (responsible for analyzing, processing, refining data and monitoring network events); data market (a center for data streams and a platform where data is transmitted and received); streamr network (used to transfer data). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
18
STX is one of the best performing high-caps. Buy now?STX is a very important coin for Bitcoin. STX is a Bitcoin Layer for smart contracts. Why do I think you should buy this coin? We have to take a look at the price action first. We see that we have multiple similar swings high at around 1.75, which is a very bullish sign. From the Elliott Wave perspective, we see that we have a strong combo of (1)(2)(1)(2). The previous all-time high is the next stop, but I believe we will go much higher this year. You can hold it for the long term as well. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain. Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications. Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time. All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
9
AUDCHF: Waiting For The Next Move 🇦🇺🇨🇭 AUDCHF is trading within a narrow horizontal range, after a formation of a strong bearish impulse. I believe that selling volumes are currently accumulating. Our trigger to short will be a bearish breakout of the support of the range. 4H candle close below 0.5675 will confirm the violation. A bearish continuation will be anticipated at least to 0.5645 Alternatively, remember, that a bullish breakout of the range will most likely push the prices higher. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
NIFTY BROKE OUT OF RECTANGLE PATTERN & REACHED TARGET RECTANGLE PATTERN BREAKOUT WITH GAP-UP : Market broke out of previous rectangle pattern with a solid gap-up which indicated strong bullish momentum REVERSAL FROM 100D SMA : Market also reversed from 100D SMA on 1-hour chart which also made it a strong signal VOLUME SURGE : Alongwith gap-up opening volume also surged on 1-hour timeframe which also indicated very strong momentum behind it MACD BULLISH CROSSOVER : MACD also made bullish crossover at sufficient angle (neither too steep nor too low) which gave even more positive confirmation
NSE:NIFTYLong
by peace_lover
8031 - 7 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
TSE:8031Long
by TheArtOfCharting
NTRN is going parabolic, best altcoin for fast profit?NTRN is in a strong uptrend and it looks like we can go even higher. 207% profit is the next target for this coin because it is the 1:1 FIB extension. Currently the price is breaking out of the rectangle pattern on the weekly chart, which is also a good opportunity to trade the breakout. I am bullish on this coin. There is almost none bearish volume, also a good sign. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! NTRN is one of the most secure cross-chain smart-contracting platforms. It combines the security of a top 10 blockchain by staked capitalization with bleeding-edge cross-chain infrastructure to enable DeFi applications to securely scale across a growing network of 51+ interconnected blockchains.
Long
by Xanrox
6
ENS - downtrend ended, important coin for EthereumENS is one of the most important altcoins for Ethereum. We can see that the uptrend is starting, and 2024 is going to be huge for this coin. We can see that at the bottom of the downtrend, we have a pretty long accumulation of whales. The price should not go into this range ever again. We have only 2 resistances on the way up: 0.5 FIB + major swing high and the previous all-time high. I think we are going to go much higher in 2024, but I will make updates later. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses like john.eth into the machine-readable alphanumeric codes you know from wallets like Metamask. The reverse conversion -- associating metadata and machine-readable addresses with human-readable Ethereum addresses -- is also possible. The goal of Ethereum Name Service is to make the Ethereum-based web easier to access and comprehend for humans - similar to how the Internet’s Domain Name Service makes the internet more accessible. Like DNS, ENS also uses a system of dot-separated hierarchical names called domains with domain owners fully controlling their subdomains. ENS launched with a highly successful retroactive airdrop in November 2021 that rewarded users who had registered addresses before the project launched its token. However, in February 2022, it faced criticism over apparently homophobic tweets by its director of operations. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
8
Bitcoin - bearish divergence on the weekly chart (RSI)Bitcoin does not look good on the RSI indicator on the weekly chart. We have a bearish divergence! This is one of the strongest bearish signal that can occur on the bitcoin market. Also, Elliott Wave impulse (3) is complete. We are ready for wave (4) correction. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! What is divergence? Divergence refers to a situation when a currency pair price diverges from the trend that the technical indicators are showing. So if the technical indicators are making a lower high but the currency pair price witnesses a higher high, it indicates that there is a price divergence in the market. What is a bearish divergence? In a bearish divergence, the currency pair prices make a new high in the market, but technical indicators mark a lower price. This signals that bulls in the market are no more in control and bears are getting stronger, indicating a bearish reversal after the uptrend ends. At this point, traders can place short orders to benefit from the decreasing market prices.
Short
by Xanrox
2