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Symmetrical Triangle

BTC POSSIBLE DIRECTIONS CLEAR PICTURE Hy my name is rukhshan warraich . Lets take a top-down (htf-ltf ) approach to analyze bitcoin next movement . 1w-1d-4h a) Technicals lets first consider 1w data : btc currently ended the h&s pattern but the price target area has not been touched yet that is a bearish movement (which is around 11000 per bitcoin ) left shoulder of the h&s pattern is higher than the right shoulder which makes it more accurate and valid to have a bearish movement . curently btc is in consolidation phase where bulls and bears have no proper control over the price . the next major technical support is at 11800 (very bearish move ). 1d data: btc formed bearish flag (18june - 15 august ) and then showed a bearish move (almost -5800 usd down ) curently forming a descending triangle is till now playing good .(bearish pattern ) support is well kept but the price at support is fluctuating (17700, 17400 , 18200) big picture shows btc is making a double bottom pattern with a price target of (24500 , 28000) which looks not posible considering the economical conditions . so the last hope is that it holds the support or loose it to confirm the very bottom . halving is in 2023-2024 and considering economical conditions and inflation bull run is not possible. 4h data : symmetrical triangle which can break from top or bottom (not confirm yet but most likely to the bottom ) b) fundamental analysis : elsalvador is thinking of not buying more bitcoins as 70% of the population voted against buying more bitcoin. maybe elsalvador will sell causing more panic . market has not much reacted to good news so far . sentimental : people needs to withdraw money because of inflation and economical crisis . conclusion : considering all these points , btc can still take a relief rally till (19700-21000) but the overall market is still bearish . like , share & comment .
by xairuq
2
Bitcoin - 2018 vs 2022 I know that bullish analysis on Bitcoin is extremely unpopular at this moment. I can feel it in the comment section of my several previous Bitcoin analysis. The most popular ideas on TradingView are extremely bearish, and the sentiment is very negative and fearful. Pretty much everyone is expecting 13k. In this case, I am not saying the crowd is wrong, because during a fifth impulse wave, the crowd might often be right. The situation is, of course, very different this time compared to 2018, but I have seen a lot of these comparison analyses on Bitcoin, so let's do it. The triangle in 2022 is really weird. It's probably not even a triangle. It looks like an inverse head and shoulders with a steep neckline or a double bottom reversal pattern. Triangles usually appear just before the end of the trend or at the end of the trend. These patterns are, of course, very tricky. There is a possibility of a last scam wick to the downside to 17,600-17,900 before the price explodes to the upside! But I hope the bulls will defend 17611 USDT because it's very important from the Elliott Wave perspective. I hope the bulls will prevent Bitcoin from falling because I don't want a 5-year bear market, I think no one wants it in the crypto community. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
154
Bitcoin BTC, Secret trendline from 2013! No one is talking about This is the monthly historical chart for Bitcoin , and as you can see, we are currently at major and very important support! We have a long-term trendline that is printed only on the LOG scale, and the majority of retail traders never use the LOG scale, so that's why it's invisible to them. The trendline was established in 2013, and this is the one and only one trendline you can draw at this moment. So what happens if we break this trendline and previous all-time high from 2017 in conluence? Well, it will be extremely nasty, and this bear market is probably going to be the longest in the history of Bitcoin . We can basically have a 10-year sideways/corrective structure. There is also a possibility of a drop to 3000 USD (not now, but later in 2024) to the previous swing low from 2020. This is a true bubble that will pop, not the previous 2014 or 2017. Also, if we break this trendline, then I can make a complete lifetime impulse wave from 2009 to 2021, and we are prepared for a multi-year massive ABC correction. But I have faith in this support because, why not? Any speculation on a breakdown is, in my opinion, very risky at this point. You don't want to short the support and long the resistance, you want to do exactly the opposite. But the majority of breakout traders make this mistake. First, they should wait for confirmation before entering a short position here. Do you think the trendline will hold or not? Let me know in the comment section! For more analysis, please hit "Like" and "Follow"!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
118
SUSHI - Double breakout! An extreme uptrend is coming! Great news for the SUSHI altcoin, because a descending parallel channel and a symmetrical triangle are currently breaking out with elevated volume! Congratulations to the bulls for this success, and SUSHI is now completely free to go up to my profit target. Take profit at the 0.618 FIB + strong horizontal resistance, which is between 5.289 - 5.890 USDT. This is an extremely strong resistance, so you want to take profit here at all cost! According to my Elliott Wave analysis, a huge impulse wave has been completed, so there is an amazing opportunity for a massive uptrend in the immediate short-term. As you can clearly see, the last bullish candle looks like a dildo, which you really want to see! I believe this coin can pump extremely hard. But there is also a possibility of a slow uptrend. Let's see what is going to happen. It's definitely a tremendous opportunity right here right now for the SUSHI coin, so do not waste any time and do your own research or just press the BUY button! I expect massive gains for selected altcoins. You can find them in the related section down below. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
39
USDCHF on a symmetrical triangle 🦐USDCHF on the 4h chart is moving between 2 converging trendlines. The price after the last test of the upper trendline is retracing lower and possibly today after the NFP we can see a break above. How can i approach this scenario? I will wait for a potential break of the dynamic resistance and when that will happen i will look for a nice long order according to the PLancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
12
Symmetrical triangle on Matic/Polygon On Matic has there been a symmetrical pattern formed which shows a 50/50 of the price breaking to the upside of the downside. This said does the price trend show that the price is more likely to break to the downside as the market trend is bearish. Entry price: In the apex at 0.65. Stop loss: At 0.67, which is inside the triangle so when the triangle breaks to the downside but after the break to the downside starts trending upwards and is stopped by the stop loss. Target price: Is extrapolated from the triangle height/the upper trend line and this target price set at 0.349. This is also 45% gain if the prediction is successful.
MShort
by vf_investment
XRP - 80% decline, be prepared! An 80% drop is not sci-fi. But at the end of the day, you can buy cheap XRP at 0.1 USDT and hold it to 589 USDT, as the Simpsons predicted.  I am very bearish on XRP because the bears are in full control and I will tell you why in this analysis.  The price is trending in a massive descending parallel channel (very bad) and the first thing we want to see is a break of the channel to think about buying XRP. XRP has been in a bear market since 2017. It has been 5 years and we didn't even hit a new all-time high during the 2020–2021 bull market.  As you can see on this chart, we have broken down out of the symmetrical triangle, which is an extremely bearish signal. You don't want to see triangles at the top of the uptrend as a bull.  As per my Elliott Wave analysis, this whole structure is totally incomplete and I am missing an impulse wave dawnward. We have strong support at 0.1013 USDT, where the market should take stop losses below this swing low before continuing higher to new all-time highs.  It's very dangerous to buy XRP at this moment because this mini uptrend might already be complete.  But after all, I think XRP will experience a massive bull market, maybe in 2023-2025, to new all-time highs because it looks very solid on the monthly scale. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
58
$ETHEREUM - "Queen in Danger"Hello my fellow TraderZ, Today we are here to discuss about the QUEEN of #Cryptocurrency - $ETH #ETHEREUM. Can see the price is again following the SYMMETRICAL TRIANGLE Pattern and once again coming to the edge of the Pattern. Last time on the CPI day, we had a sharp Fakeout to grab the Liquidity existing below the level of $1260. PA is not looking so strong at the moment for $ETH. If the Triangle breaks this time confirms any 4H candle, do not hesitate to SHORT till the levels marked. Happy Trading Fam. CHEERS!!!
Short
by TRADER-GOKU
QNTUSD could validate the symmetrical triangle breakout here. Nice sized candle currently above the yellow symmetrical triangle..it has grown a mild bull wick since testing the thickerwhite line above the triangle which is the neckline to a bigger inverse head and shoulders pattern. It could come back down to retest the top trendline of the yellow symmetrical triangle…the most important thing is where the current daily candle closes and how the follow up candle behaves afterwards. As long as we close above the yellow trendline on the current candle probability favors the breakout…however breaking above the white neckline by the follow up candle and flipping it to support will really seal the deal. If we do validate the breakout I would not be shocked if price action came back down to retest the white neckline as support after reaching the triangles full breakout target at $166. If it can hold the white neckline as support after that its a good sign that the inverse head and shoulders pattern will be validating as well taking us even higher. Of course it doesnt have to retest the neckline to validate the inv h&s so wise to anticipate that outcome as well. One last thing to add is there is also a current smaller inv h&s we are breaking up from at the same time as the symmetrical. I forgot to put that patterns target on the chart but the smaller inv h&s target is $137. There’s always a possibility price action corrects after reaching 137 too. *not financial advice*
COINBASE:QNTUSDLong
by DrDovetail
4
Trust Wallet TWT - Very durable altcoin, when pump? TWT is an extremely durable altcoin. During the bear market in 2021-2022 this coin held its value very well.  The platform was acquired by Binance in July 2018. So there is a huge expectation for the Trust Wallet platform. The full Trust Wallet team is not public, but it is known to comprise over 20 individuals — many of which have overlapping roles at Binance. This altcoin can basically pump anytime soon, but we can also go sideways for another few months. I believe the value of this coin will increase. The price is making higher lows. The structure is very bullish on the weekly chart. We have an ascending parallel channel with a symmetrical triangle inside. The local uptrend started with a beautiful impulse wave, which is an amazing sign for the bulls. But, we don't know yet when the correction ends. From my perspective, this altcoin provides a very low risk and pretty good reward, so it's worth it. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
28
CNO: Breakout?CNO FINANCIAL GROUP Intraday - We look to Buy a break of 19.37 (stop at 18.43) Daily signals are mildly bullish. Price action has continued to range within a triangle formation. The bias is to break to the upside. A break of resistance at 19.35 should lead to a more aggressive move higher towards 21.00. Our profit targets will be 21.51 and 23.00 Resistance: 21.50 / 24.15 / 27.00 Support: 18.70 / 16.60 / 10.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:CNOLong
by VantageMarkets
MCHP: Retest of breakout zone?!Microchip Technolog y Short Term - We look to Buy at 65.63 (stop at 62.70) Broken out of the triangle formation to the upside. A lower correction is expected. Reverse trend line support comes in at 64.00. Support could prove difficult to breakdown. Dip buying offers good risk/reward. Our profit targets will be 73.30 and 78.00 Resistance: 74.00 / 90.00 / 120.00 Support: 64.00 / 54.50 / 45.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:MCHPLong
by VantageMarkets
Ethereum has bottomed out! 10 000 USD next target! There is a great chance that Ethereum has bottomed out! But first we need to break the downward sloping trendline to confirm this bias.  I am sure aggressive traders are already buying the ABC correction and the 0.618 FIB retracement, which is definitely worth the lower stop loss they have for this trade.  After the merge, the price of ETH rapidly went down, maybe just to shake out the long-term hodlers. It was a sell the news event, but maybe just in the short term.  As per my Elliott Wave analysis, the ABC correction has been completed successfully as a ZigZag (wave 2) and we are prepared for a tremendous impulse wave 3 to the upside. However, this ABC correction can transform into an impulse wave, which will be extremely bearish and 500 USD per ETH will be very possible. But you shall not pass! The next target is 10,000 USD for the long-term trade, but you can take profit at the next strong resistance (3580 USD) if you don't want to wait or want to allocate your money somewhere else.  The chart is printing a symmetrical pattern, but it is not the best looking one, so I drew it on canvas maybe for entertainment purposes.  You don't want to miss my previous analysis of Bitcoin! Check out the related section down below.  I expect tremendous gains for selected altcoins (QNT, BEL). For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
72