Symmetrical Triangle
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.
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Bull Flag Pattern forming?I think that we are seeing a Bull Flag pattern on the hourly charts. If it plays out, it could push the price of BTC to $23.500.
Even though there is heavy resistance at the 22.3k level, I think it is very likely that we will be seeing 23k Bitcoin price this week.
The Bull Flag is also inline with my other analysys > Symmetrical Triangle
BTC double bottom and ascending triangle I'm looking at daily timeframe. BTC has broken a symmetrical triangle and completed Adam & EVA double bottom pattern. At the same time it formed An ascending triangle. If BTC succeeds to close daily candle above 21.9K ascending triangle and Adam & EVA pattern breakout will be confirmed. Targets are mentioned on the chart.
Symmetrical Triangle broke to the upsideIt looks like the formation in my past analysis was a Symmetrical Triangle. if it would be a pennant, it would break out to the downside.
Now we have a break to the upside. This could be a fake-out, but I do not think so. I think it's likely that the price of Bitcoin will continue to the upside, finding it's way between 24k and 28k in the coming weeks.
We will see
#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.
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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 ↓
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EURZAR 4.91% Price IncreasePrice closed above trend line. Retest occurred at trend line. Enter a long position.
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 ↓
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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 ↓
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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 ↓
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BTCUSDTCriteria:
1. Uptrend on 1H, 4H, 1D
2. Bounce from Supply Zone
3. Fibonacci retracement 38%
4. Fibonacci retracement 61.8%
5. Fibonacci retracement 78.6%
6. Symmetric Triangle Formation
7. Round Number
Buy after break above 20,500 or wait for confirmation at 19,900 and 19,500
Tp1: 23,050
TP2: 26,200
TP3: 28,700
SL: 18,600
Symmetrical Triangle Breakdown Recovery Looking at two different Symmetrical triangles on on GBPAUD and LUNCUSD
Both have broken down out of there triangle
This can lead to a recovery although
A double bottom is perfect for this scenario
It removes the bearish presence while providing a setup for the bulls to advance
On both charts the double bottom could be concealed within a smaller structure
DOT broke down symmetrical triangle#DOT/USDT
#update
$DOT broke down from lower line of symmetrical triangle.
🐻 current support zone can cause a pullback to broken trend zone to confirm it as resistance, then continue the bearish trend.
🐮 last support before $5.5 is around $6.5 that if bulls hold this zone they may change the game.
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.
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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 ↓
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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 ↓
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Keep3rV1 KP3RUSDT - Huge breakout! Falling wedge + Elliott Wave- On the daily chart we can see a nice falling wedge / descending triangle, which is very close to a bullish breakout!
- We have a local double top above the wedge and we can definitely buy a breakout above this level for a confirmation trade.
- 0.618 FIB + End of the Wave 1 + End of the Wave 4 is the next resistance, so you can setup your profit target here.
- If we take a look at the volume indicator - there is a strong bullish volume and that is always good to see.
- As per my Elliott wave analysis - Impulse Elliott Wave has been completed succesfully and now I am expecting at least an ABC correction.
- See my ideas about Bitcoin and Ethereum in the related section down below ↓
- For more content, please hit "Like" & "Follow"!
BTC Symmetrical triangle or a bear flag? I'm looking at 6h time frame and have noticed a bear flag the the mentioned targets and at the same time a symmetrical triangle with the targets mentioned on the chart.
symmetrical triangleTSLA is in a symmetrical triangle, what are your expectations?
normally volume will diminish, but that has not happend till now.
When being very creative you could perhaps see a Head and Shoulders pattern. haha
I will put TSLA on my watchlist if the breakout occurs
This is no financial advice
BTC: THIS SUDDEN PUMP IS JUST A RETEST! STILL BEARISH!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick BTC update.
BTC took a sudden pump after hitting $18.5k level and it reached to almost $21k level. But this sudden pump of BTC is does not looks good at all.
As you see in the chart, This is just a retest after breaking down from the symmetrical triangle and looks like it is ready to fall again. According to the pattern target is $16k
Invalidation level:- If BTC breaks above the upper trendline of the triangle which is at around $21,300 then this chart becomes invalidated.
What do you think about this?
Do you think it will pump again or do you also think that we see a dump from here.
Let me know your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Delta triangles guide price actionNYSE:DAL
Testing Twitter integration. Looking for feedback on the symmetrical wedge pattern similar to the historical example. If the pattern repeats, it appears to be a reduction of volatility until some time near the funnel when a breakout may occur with significant velocity. The direction in the past was positive, but I suspect this version may have a negative skew derived from the negative sentiment in the overall economy. Now there is too much demand for airlines to satisfy but the prevailing sentiment is that demand will soon cool significantly from the Fed raising rates and the consumer tightening their disgressionary and travel budget.
Gbpcad BUY!!!!!!!!!!!!Inverse Head & Shoulders neckline, descending triangle resistance confluence....breakout should give HIGH probability for longs.
Targets and stops on chart.....Like & Subscribe.
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