Following the recent Bitcoin 2% dip as Mt. Gox wallets move over $7 billion crypto exchange Mt. Gox moved over 107,000 BTC worth nearly $7.3 billion to a single unknown wallet ahead of its plan to return BTC to creditors before October. This has caused a massive FUD as price dips down to FWB:67K A CUP AND HANDLE CHART PATTERN has been formed in the WKLY TF...
This Bullish Penant occurrence in the BTCUSDT 2Hr TF is as a result of an uptrend and indicate a potential continuation of the upward movement. Wait for a breakout and retest at the 43935 resistance level
Capitalizing on OANDA:NAS100USD Rising Wedge , on the 2hour Time Frame, its bearish reversal is signaled by The long-legged doji , suggesting that the forces of supply and demand are nearing equilibrium and that a trend reversal may occur. This is because equilibrium or indecision means that the price is no longer pushing in the direction it once was....
In this BTC/USD two-hour chart lower, we see a downtrend as the sellers push the market lower. After a recent swing high, the market starts making the lower highs, while on the other side of the market we witness the higher lows. Hence, this consolidation phase within a downtrend is formed within the symmetrical triangle. The symmetrical triangle tells us that...