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Symmetrical Triangle

USDT DOMINANCE IS AT SUPPORT! WHAT TO DO HERE? LONG OR SHORT?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT Dominance update. USDT Dominance is trading inside a symmetrical triangle and currently near the lower trendline. USDT Dominance needs to break the green support zone for further bullish rally on the market. If it again bounce from here then we see a dump in the market again. So it's better to wait for a close below the support level before taking any long positions here. It's a bit risky to open a long position here. IMO wait for the daily close is much better here. If you already have some long position then try to book some profits is a good idea here. What do you think about this? Do you think that it again bounced from here or it will break the support this time and we see a bullish rally in the market? Share your views in the comment section. If you like tis idea then do support it with like and follow. Thank You!
CRYPTOCAP:USDT.D
by CoreCrypto1
2
Expressive Subjective Predictions About BTCThere is currently an ascending channel and two different symmetrical triangle formations that we are in at the same time. Although the support zone and trend for the lower band seem to hold the price tight, if the fundamental data creates a selling pressure, the targets of the relevant formation formations seem clear. On the 4-hour timeframe, the 200-hour exponential moving average is clearly acting as resistance. Also, the Stochastic Relative Strength Index is likely to exert negative pressure.
BShort
by the6ylal
BTC: EXPECTING A BOUNCE FROM $20K LEVEL IF?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. After the breaking out from the symmetrical triangle, BTC got rejected from its main resistance level which is at the $22k-$23k level. After this rejection, it's continuously dropping, and it looks like it is going for a retest of the triangle due previously. $19800-$20,200 is a very important support area. If BTC holds this support we can expect a good rise in the price of BTC. Also, there is a lower Bollinger band support at the $20k level so we have some more confirmation of bounce from that area. Let's see how this goes. Also, keep in mind that if it breaks below $19.8k level then we can see more dump in the market. What do you think about this? Do you also think that we can see a bounce from the $20k level or do you think that we see more lows? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
#BTC: CONSOLIDATION GOING ON! EXPECTING A UPWARD RALLY SOON!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BITCOIN strong consolidation going on at $20k level, this can't go on forever, triangle primed to break to upside or downside. But RSI is printing bullish divergence though. BTC going above $21,800 makes a higher high, and going below $18,800 makes a lower low, and the next move likely sets the direction forward. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
1
Perpetual PERPUSDT - Record volume! + Elliott wave + Wedge!- If we take a look at the volume indicator, we can clearly see a massive bullish volume spike, which is definitely a good sign! - On the weekly scale, we can see a falling wedge that is currently breaking out! - As per my Elliott wave technical analysis - the huge impulse wave (12345) should be completed, as you can see. - On the RSI indicator, there is a bullish divergence - wonderful sign of a trend reversal. - Profit target: 0.618 FIB + start of the wave 5 for 700% profit. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
6
Tron TRXBTC - HUGE Breakout! Channel + 200MA + Elliott Wave!- Tron is currently one of the strongest altcoin on the crypto market! - On the weekly chart we can spot a descending channel , that has been destroyed by the bulls. - Also we can see a broken ymmetrical triangle, which is definitely a great sign too! - 200 weekly MA is considered as a massive support by huge institutions and the price is currently above the level! - We are currently in the Impulse Wave (1-2-3-4-5), so it is the best time to buy right now. - Next resistance is the previous all time high from 2018. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
1
STORJBTC - Ascending triangle on the weekly! + Record volume- On the weekly chart we can see a beautiful ascending triangle - one of the most bullish pattern. - If we take a look at the volume indicator - there is a massive volume spike, which is positive. - The first impulse wave has been completed (hard to catch), but it doesn't matter, because the third wave is usually the strongest! - You can buy a breakout above the ascending triangle and take profit at the all time high level. - 20x is possible in next months! - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
3
Golem GLMBTC - Huge ascending triangle! + Breakout soon- On the weekly chart we can see an ascending triangle - the most bullish pattern! - Great opportunity to 24x your capital in upcoming weeks/months. - If we take a look at the volume indicator - bullish volume is definitely higher, which is great. - The price is now above the 200 weekly moving average. This MA is considered as a strong support by huge institutions. - Look at my ideas about another interesting altcoins in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
1
USDT DOMINANCE READY TO FALL! BULLISH FOR BTC AND ALTS!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT Dominance update. USDT Dominance is looking in favor of BTC now. Currently, it is breaking down from the triangle pattern in 4hr time frame and now retesting the triangle. After this successful retest, we can expect a good drop-in USDT Dominance. As you know USDT Dominance is inversely proportional to the BTC, so we might see a good rally in BTC and Alts in the month of July. If this pattern plays out successfully then we see $26k-$28k for BTC on board in the month of July. Invalidation Level:- If USDT Dominnac breaks above the triangle (8.0 level) then this bearish pattern will be invalidated and we might see a new low in BTC. What do you think about this? Do you think that we might see a bullish rally in July month or do you think that we see a new low this month? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
CRYPTOCAP:USDT.DShort
by CoreCrypto1
2
AutoFarm AUTOUSDT - Record Volume + HUGE Channel + Elliott Wave- On the daily chart we can clearly spot a descending channel , which is very close to a bullish breakout! - If you take a look at volume , we have a massive bullish volume spikes - always good to see. - 200 weekly MA is actually acting as a resistance, but if the channel breaks up, then the MA will too! - Due to my Elliott Wave analysis - 12345 Impulse wave should be completed and now are expecting at least a retracement to 0.618 FIB. - Look at my ideas about another great altcoins in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
ALong
by UnknownUnicorn2537518
5
BTC.D Dominance - When Alt season? + Elliott Wave + Sym.Triangle- As per my Elliott wave technical analysis on the weekly chart - we can expect a retracement (ABC) in the immidiate short term. - But in the long term bitcoin dominance should go down and make a new lows. - We have a descending triangle , which is a bearish pattern (on the weekly chart). - If you are an Elliott wave trader, please submit your analysis below, so i can check! - Look at my ideas about Bitcoin, Ethereum and TOTAL crypto cap in the related section down below ↓ - For more content, please hit "Like" & "Follow"!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
3