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Symmetrical Triangle

13k Q4 2022; Sept 2024 160k. analysis since day 1 of BTCThis is a very detailed analysis by Dia, I won't post till Q4 2022. - I see believe in 4 year cycles, average bull cycle is 800 days, and average bear market is 400 days, the other 200 I called ''neutral'' days where market switches between them. - Macro economics are very bearish , including stocks, more downside is definitely expected to keep inflation under control, SP500 is big bull channel ready to break down - TOTAL crypto cap is 914 b, next support is at 755 and 455 respectively, current crypto cap will not hold and 50% correction is definitely on the table (ascending wedge ) - The entire 30 to 60k symmetrical triangle structure has broken down, I notice every time a support line of previous bull run is broken, the last one will become support (the dotted lines). This is a very ugly break down and if people say bitcoin is DEAD and they show this chart, they can be right for the first time in history. - the 30k and 60k triangle can be manipulated into a falling wedge , that coinicides with Q4 of every 4th year of bull run being the bottom and support line from previous bull run touching there exactly to the point -looking at rsi we still actually just entered bear market territory (monthly stoch rsi under 10), bear market is around 40 to 50% finished. Still have a year or so to go roughly CURRENT STRATEGY DO NOT TRY TO TRADE IT (I shorted FLM and UNFI and lost 76% of my portfolio in 1 month)! Between now and end of 2022, DCA in coins, tokens that you believe in and look strong. THIS IS THE OPPORTUNITY OF YOUR LIFE!
BITSTAMP:BTCUSD
by Heartskull
ETH: NOT LOOKING GOOD IN LTF! READY FOR A NEW LOW!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ETH update. ETH is not looking good here in 1hr time frame. It is forming a symmetrical triangle-like pattern. ETH was rejected multiple times from the resistance line and now breaks the support line as well. I'm expecting a 15-20% drop from here in ETH price. As you know when ETH drops many altcoins will also follow. So stay cautious and trade carefully. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Short
by CoreCrypto1
5
XLM Expected Movement ExplainedStellar is in a Symmetrical Triangle which means the Price can Do a Bullish and a Bearish Movement Depending on the Break out which is gonna Happen Pretty soon.If the Price does a Bullish Break out , We can Expect the Price to Reach 0.1530$ But If the Bearish Break out Happens, The Expected Price after Completing The Movement is around 0.1250$. -XLM is in a Symmetrical Triangle -Price will Reach 0.1530$ in Bullish Case -Price will Reach 0.1250$ in Bearish Case -No break out , No confirmations! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
19
BTC: SHORT AND QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. First of all there is no need to be panic here. We have seen this kind of pump and dump from the past few days. Now let's get to the chart. According to the 4hr chart structure BTC is still holding the support of $28,800 and currently testing the lower trendline of the symmetrical trendline. We can expect a bounce from here. As long as BTC stays above $28k there is no need to be panic. If any 4hr candle closes below $28k then it would be very bad and we might see another low of $24k-$26k So keep an eye on next 4hr closing. 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
2
Bigger Picture NVAX Projection - UpdateUpdate from post yesterday - obviously the manufacturing news killed momentum so taking this opportunity to roll to July expiration and add some lower strikes at a discount. - Chart indicates a symmetrical triangle breakdown into support. DMI suggests accumulation, this will be the spring. - Expecting yellow path to play out as price trajectory. Forming an impulse wave that takes it right through the equilibrium point where supply = demand at the intersection of support and resistance from the triangle. - initial target around 70 but will need to give this some time to unfold. - mid term I see this going to triple digits easy (by end of 2022 - that is conservative) NVAX has done this every pandemic {pop to 300s, sell off to 40s, re-accumulate and take it back into the 100s... rinse and repeat} Sincerely, Covid-19
NASDAQ:NVAXLong
by JerryManders
XTZUSDT is going to have a breakout from the triangleThe price is testing the 4h resistance on the triangle. The price had a breakout from the dynamic resistance and now the market is testing the 0.618 Fiboancci level. If you look on the left you can see that the price has a supply zone on 2 - 2.1 $ How to approach it? The price needs to create a clear breakout from that area. If the price is going to get momentum and volumes, According to Plancton's strategy, we can set a nice order
Long
by InkyGrip
4
BITCOIN Symmetrical Triangle FormationHello everyone, BTC has been forming a symmetrical triangle for a while now, while we are seeing the immensely volatile move as the MM try to discourage any kind of leverage trades by liquidating on both ends trading in this market has become very risky. We are waiting for CPI figures that are to be released on Friday by the US that can severely affect how the market will move in the coming month. For now buying BTC in parts under 30K$ seems like the safest strategy to scalp by booking on the top end of the triangle
Long
by CryptoJargonYT
BTC: A PERFECT RETEST! NOW READY TO BOOUNCE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC looks good as of now. BTC is breaking out from the symmetrical triangle in the 8hr time frame and after the breakout, we got a perfect retest. And after this retest now it is ready to bounce. If any candle closes below $29.5k then this retest process will become a fake move. But as long as BTC holds above $29.5k I'm expecting a good move from here. You can also open a long position with an SL of $28,900 If you like this idea then do support it with like and follow. Also, do share your views in the comment section. Thank You!
Long
by CoreCrypto1