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V-pattern

🔥 MATIC On Bear Market Support: Big Reversal Coming?With BTC trading bearish over the last few weeks, alts have taken a big hit. MATIC is one of the alts who has practially lost all the gains over the last half year in a matter of weeks. However, MATIC has found support on the main bear market support (purple). This signal is based on the idea that the support will hold and that both alts and BTC will reverse from extreme oversold conditions. Stop below the recent low, target at the main bearmarket top.
MLong
by FieryTrading
7
🔥 Bitcoin: Waiting For The Ultimate Trigger To BuyIn this analysis we're going to discuss a very simple trading strategy that will suit your long-term portfolio: buying into extreme weakness. As seen on the chart, Bitcoin has only been oversold on the daily RSI on three occassions over the past 1.5 years. Every single time this occured it proved to be an extremely profitable entry point. With Bitcoin seeing quite a sell-off and the halving coming up, I'm going to wait patiently for the RSI to hit daily oversold. I imagine another few red days and the RSI should be <30. Have some funds ready, because this entry might be the last time you can buy BTC during weakness for a long time.
Long
by FieryTrading
16
🔥 Bitcoin In Area Of DANGER: Macro Signal! 🚨In this analysis I want to take a look at one of my more popular indicators; Bitcoin's Logarithmic Price Bands. In case you want to know more about this indicator, please check out the link on the bottom of this post. Back in March I made an analysis with the same title, where I argued that Bitcoin had entered an area of danger (the yellow mid band of the indicator). The yellow band has historically proven to be a strong resistance. With BTC retesting the bottom support of the yellow band there's a serious risk of BTC falling through, resulting in further selling. It's too early to tell whether BTC will correct all the way back to the green band, like last cycle. Nevertheless, the indicator has again proven to offer significant long-term trading opportunities. How low do you think that BTC will go? Happy to hear your thoughts 🙏
INDEX:BTCUSDShort
by FieryTrading
2
🔥 Bitcoin Halving - Sell The News SignalNormally I don't look that much at moving averages because they are largely lagging indicators. However, sometimes the indicator shows a strong divergence. As seen on the chart, the 200 EMA has offered strong support on the way up, but has now caused a strong rejection, making way for the bears to push the price further down. Like mentioned in the analysis below, there's a chance that the Halving will be a sell-the-news event, especially since we had a new all-time high for the first time ever before the halving.
Short
by FieryTrading
11
🔥 Bitcoin Dominance Break Out! Watch Your Alts 🚨As of this week, the Bitcoin Dominance (BTC.D) has broken out of a 6-month consolidation period. This means that money is flowing out of altcoins into Bitcoin again. It's difficult to predict how high BTC.D will go, but I think we can make a an educated guess by looking at the diagonal purple resistance. Historically, bull-markets (especially for alts) started at the red arrows. Remains to be seen if it will happen again. For now, alts are likely going to lose value against Bitcoin, especially during dumps like yesterday. Start looking to buy alts again after BTC.D hits the top resistance.
CRYPTOCAP:BTC.DLong
by FieryTrading
21
FET - Flag pattern - Waiting on Breakout - Daily ChartBINANCE:FETUSDT (1D CHART) Technical Analysis Update FET is currently trading at $2.6813 and showing overall bullish sentiment FET has formed a nice flag pattern and the price is waiting for breakout. IF the price breaks out then we have a good opportunity for long trade Entry level: $ 3.01 Stop Loss Level: $ 2.04 TakeProfit 1: $ 3.73 TakeProfit 2: $ 4.4 TakeProfit 3: $ 5.7 TakeProfit 4: $ 6.8 TakeProfit 5: $ 8.6 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
2
🔥 Bitcoin Bull-Flag Break Out Confirmed! Next Leg Up Coming 🚀In my most recent BTC analysis I talked about Bitcoin's pending break out of the bull-flag pattern on the chart. As of today, my initial entry has been hit and the top resistance has been retested as support. This makes me believe that the break out is legit and that a new leg up is on the horizon. My target remains at 80k, although I wouldn't be surprised if we surpass that. For the people who missed my last entry, I put a new signal on the chart at the right side. Keep in mind that this is a very tight trade. However, if it plays out it can be a good money maker with an RR of over 7.
Long
by FieryTrading
9
IDEA - Follow The Trend 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 IDEA has been overall bullish , trading within the flat wedge pattern in orange. Currently, IDEA is in a correction phase, approaching the lower bound of the wedge. Moreover, it is retesting a strong demand zone $0.0026 - $0.003. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower orange trendline. 📚 As per my trading style: As #IDEA approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
8
🔥 Bitcoin Bull-Flag Taking Shape: Preparing For 80k!In this analysis I want to take a closer look at Bitcoin's performance over the last few weeks. My earlier analyses proved to be wrong, so waiting until the market shows us clarity is always a good idea. Now that BTC has established two higher-lows after the big sell-off on March 5th, we can say with some confidence that BTC is currently trading in a bull-flag pattern like the one on the chart. Bull-flags classically break bullish, so we're going to place our target at the closest round number of 80k. If you want to change this trade into a longer-term one, change the target to 100k with an even higher R/R.
Long
by FieryTrading
20
🔥 Bitcoin On-Chain: Completely Normal Correction!In this analysis we talk more about yesterday's analysis where I discussed the completely normal correction that BTC has been seeing. Furthermore, chances are that we will see more of those correction in the coming months. As seen on the chart, Bitcoin sees multiple deep corrections (>20%) during bull-cycles. Sometimes they are less excessive, but >20% is generally the bottom. Currently, BTC is trading around 11% from the ATH. It's not great, but looking at previous bull-cycles it can certainly get much worse. For now, there's not a real reason for the bulls to worry. Yes, BTC is not really doing great at the moment, but did we really expect a move from 40k > 100k without any corrections? Patience will reward you.
BLong
by FieryTrading
8
🔥 Bitcoin Bulls Have NOTHING To Worry AboutBitcoin has been trading relatively bearish over the last month. However, this appears to be normal trading behaviour after a new all-time high has been made. As seen on the chart, BTC did the same thing two cycles ago. Make a new ATH by ~7%, and then dump ~33%. Not sure whether we will dump 33% this time due to diminishing returns theory. Looking at this fractal, bulls have little to wory about. We've seen the dump before and will likely see a new ATH in the coming month. Will we drop further? New ATH soon? Share your thoughts 🙏
INDEX:BTCUSDLong
by FieryTrading
2
🔥 Ethereum Dead Cat Bounce? Potential Massive Sell-Off ComingIn this analysis I want to take a look at ETH's price action over the last few weeks. It appears that ETH is underway to form a classical pattern that most of you a familiar with, a dead cat bounce into another sell-off. Keep in mind, the dead cat has not been confirmed yet, since the price needs to go below the purple dotted line. Still, it's a pattern that will likely play out if the Bitcoin bulls will not step in very soon. ETH (and likely also BTC) is at risk of giving away most post-ETF gains if this continues. We knew already from other analyses that Bitcoin is far ahead of where it *should* be at this point in time, so a correction might be necessary? Time will tell.
Short
by FieryTrading
2
LTC/USDT - Long term view | Buy now and HODL #LTC/USDT #Analysis Description --------------------------------------------------------------- + The LTC price has decisively broken out from the resistance line and is now heading towards the next resistance level. + In the previous bull run, we observed a similar pattern that resulted in substantial profits for traders. + I anticipate a comparable pattern emerging in this bull run, indicating the potential for significant profits with this trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 102 Stop Loss: 62 ------------------------------ Target 1: 142 Target 2: 180 Target 3: 226 Target 4: 389 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading capital Leverage: 3x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
1000SATS - Resistance breakout | Long Trade #1000SATS/USDT #Analysis Description --------------------------------------------------------------- + The price has reached the resistance line for the fifth time, and there are indications that it may finally break out. + I perceive a promising opportunity for a LONG trade should the price successfully breach this resistance line. + Let's exercise patience and wait for the breakout confirmation before entering the trade. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price:0.0005535 Stop Loss: 0.0004856 ------------------------------ Target 1:0.0005936 Target 2: 0.0006501 Target 3: 0.0007405 ------------------------------ Timeframe:1H Capital Risk: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
5
🔥 Bitcoin: VERY Similar Fractal Found! New Highs Soon?In this analysis I want to talk about a fractal that I recently found. Was looking at Bitcoin's price action over the last few weeks, and realized I recognized that pattern. Bitcoin has been following a very similar pattern (fractal) as the SP500 did during the 2022 bear market and the 2023 bull-market. Keep in mind that fractals will rarely be exactly the same, so some minor deviations are to be expected when comparing both charts. Won't dive too deep into details, but you can clearly see that Bitcoin is following the SP500 fractal. 1-2-3-4 are lower-highs, blue arcs are three lower-lows and two higher-lows. In purple a 3-waved bull-flag and a yellow dotted resistance at the 0.786 Fibonacci retracement. It looks extremely similar. Only deviation thus far has been the price action over the last few 2 days. I'm not using this fractal comparison to claim BTC will go up guaranteed, but it's at least a point for the bulls. IF this fractal plays out, expect a new all-time high in the next 1-2 weeks. Happy to hear your thoughts about this fractal 🙏
Long
by FieryTrading
7
🔥 When Will Bitcoin Reach The Cycle Top? In this analysis I'm going to take an attempt at making an educated guesss at when Bitcoin will top, purely based on price action. On the chart you can see Bitcoin's price action over the last 13 years on the 2-week chart. The arrows are drawn from the first candle close above the previous all-time high (purple lines). In short, it takes between 17 - 24 bars (34 - 48 weeks) before Bitcoin reaches it's cycle top, 20 bars on average. Seeing that we're currently at the first candle close above the last ATH, we can extrapolate previous data and reach the conclusion that Bitcoin will top in December 2024. When do you think that Bitcoin will top? Share your thoughts!
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INDEX:BTCUSDLong
by FieryTrading
53