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#BTCDAILY - 6.DEC.21 MACRO LOOK AT BTC#BTCDAILY - 6.DEC.21 MACRO LOOK AT BTC What a few days!!! We have been dumping now for about 24 days - so if you've made it this far without selling or DCA'ing well then keep it up! Although we will probably have a little further to go. After taking some further time to look at current movement versus previous patterns $40k-$42k is looking more and more like the bottom to me. I think we are going to move into a descending triangle/downward wedge from here. There is a slim chance of bouncing to $53k from here but SLIM. The support we are on at $46k looks weak. Currently our Key supports are: $46k $40k $30k This is not a FUD analysis but a heads up that I think we will drop further to target stronger DCA buys and accumulation. Things to look out for is key adoption (Amazon, Ebay, Apple), Spot ETF (Grayscale, ARK), national adoption (similar to El Salvador etc.) or even PayPal opening the doors in other markets to turn the tide.
by Kryptochristian
HEAD & SHOULDERS PATTERN FOR BITCOIN!!In this chart There is a Head and Shoulders pattern that looks to be invalidated but could still find its way back down. With volume in Meme coins like Shiba Inu recently, it makes me think a correction is coming. However this is not to tell you to sell, it is just to tell you where you should possibly to your holdings/positions if the opportunity arises. Anticipating a retest of the 56k area possibly all the way down to 52k for a buy. Either way I'm not going to be selling my current holdings. Hope this helps with perspective.
BITSTAMP:BTCUSD
by RektMyMom
Don't be fooled, we won't see that big of a correction short trmToo many people see the cup and handle, if you're waiting to enter for a dip, I think you will be frontrun . Don't try waiting to buy in the 5,400's too many people will open leveraged longs. Really? Do you think you're the only one with that idea? Everyone wants to long there for the f***cking mega-giga-pump cup and handle that is clear as day to all of these noob traders who have read one TA book in their life. DONT GET FRONTRUN.
BITSTAMP:ETHUSDLong
by UltimateKnowledge
1
Clear H & S - it's over for now.SOL has a clear head & shoulders. End of the of our glorious up, up, up. Sol may see a slight rise before continuing to wiggle down - first to around $130 area and then down to the $115 > $117 area. Then down to $110. I suspect it will end up at around $75 - All of this DEPENDS upon the movment of BTC & ETH. The down trend should provide some good scalping - provided the fall is not to rough and choppy. NOTE: ETH & BTC dictate for most coins how they will move - keeep and eye on these coins. If BTC does fall big style (Blood On The Streets) it is possible that SOL could go to $40 or even down to $24. SO, unless you wish to HODL and then buy more on DCA, you might want to consider TAKING PROFITS or selling out and buying back in at a better price (it's what I will do). Not Financial advice - DYOR. Happy Hunting.
by esorlegin
5
Natural Gas Big Inverse Head and Shoulders Pattern playing outI have spotted this pattern a bit too late, but now we are few weeks after its activation and target is only half way through. I am expecting this to hit the target before we start thinking about possible top. What do you think? It looks like a textbook execution, I would be surprised if we fail. Now we also have broken the trendline of the previous two highs and we have printed 2 very bullish looking candles on the weekly to support this going further up, maybe even without many corrections. On the shorter timeframe I see a cup and handle to support the move higher as well. I am very bullish on this based on these factors. Please share your view.
NLong
by TheChartWhisperer
6
#BTCUPDATE - 15.7.21 ARE WE GOING TO BOUNCE? No update on the bullish path from yesterday a bounce here will look to confirm a bullish H/S pattern and see a strong challenge of breaking the key $33k resistance. Losing the $32.2k here though could be devastating though - and a quick fall to $31.5k and then just losing support after support to $30.1k There has been a pretty tight consolidation since the rejection from $33k which suggests a big move incoming. We need to get above $33k to have any kind of foothold so right now it is bearish short-term still. My play is to long to $33k and then use a tight stop-loss - if we break $33k then an ambitious target of $34k. Losing $32.2k then targets are $31.5k , $31.3k and then a stretch to $30.3k.
by Kryptochristian
2
Ethereum - Inverted Head & Shoulders - Reversal PatternPotential 10%+ Gains to the upside today, based on the Inverted Head & Shoulders pattern , which is inside of a 2 day Ascending Triangle pattern Looks like an imminent breakout in the next couple of hours . I think hodling on to at least 25% for a possible continuation up from 2,750 wouldn't hurt, but don't Bag Hold if your using Leverage ! Hopefully this monster, multi-week, insane pullback is over. There has been plenty of accumulation. Time to distribute. ;) Good Luck Trading Today!
COINBASE:ETHUSDLong
by Double_R_86
5