THIS IS MY SHORT TERM SCENARIO FOR BTC. WILL WE SEE A BREAK OUT FOR A TEST OF THE 50 DAILY EMA? OR WILL WE SEE A BACKTEST DOWN FROM NOW ON TO MAKE A DOUBLE BOTTOM? IMPORTANT! THERE IS A DIVERGENCY ON THE RSI ON THE 4 HOURS CHART. THIS COULD PUSH THE PRICE DOWN.
Hey everyone! Consolidation leads to? Here is a great example where the price just seems to be getting that last fuel before moving up. The RRR (Risk-Reward-Ratio) of this setup is considerably high, so the probability of failure becomes greater. Nevertheless, a worthy look as you can always chose to downsize your risk. Lastly, not how the POC (Point of...
Traders, all is not lost. Seems like we have experienced the breakdown in the triangle formation from the past few months. That 20% drop in price 2 days ago was well...crypto at its finest. BUT as well all know...opportunities are made in times of turbulence. Listed below are 5 possible re-entry points into BTC: 1. 9478 represents the 0.382 Fibonacci support...
Hey guys, I want to share this idea with y'all. I think we might be undergoing a symmetrical triangle, which would breakout downwards. I believe we might test 3000's level, and if it breaks, possibly will go down to 2500's level. Those levels are ranges calculated by Weekly, Daily and 4H supports/resistance. I won't give entries this time, because it might be a...
Currently, Bitcoin is in a horizontal triangle and can break out either way before the apex. Hence pay attention to the market until 24th June (apex). It would be most beneficial to buy when the breakout is confirmed to be bullish (ie. bullish trend). It will be risky to buy as soon as it crosses the lines of support and resistance as it may just reverse! One...
Using a sort of rough triangle, we know that stellar is going to break out soon. As usual, make sure that the breakout trends bullish or bearish before investing in order to avoid a potential reversal!
A speculation on ta triangle formation for observation... I think its going to breakdown as a net effect because of the bearish bat and gartley thet formed behind as i have posted in my 3 previous ideas... I spotted the potential triangle d=formation in the 5 mins chart but as i cannot post the time framehere i will update th 5mins observation in the below...