UnknownUnicorn15302902
Alice/usdt broke out of this 4h falling wedge, look for a retest on the 1hr time frame. Take profit 1 - 15% upside. Stop loss inside the falling wedge, Min 3%, Max 6%. High risk with BTC right now.
We broke out of the falling wedge on the 4hr time frame, we are looking for a bounce on the upper falling wedge trendline or off the large blue support zone. If we manage to bounce and break out of the descending channel, BTC could see a nice move to the upside this week.
BTC 4h printed bullish div on MACD, RSI and Stochastic RSI. Moving higher but coming to resistance. Some increased bullish volume would be good to see here. I am not looking to go into any large long trades until we either break up from this falling wedge. If we break below I will potentially open some small short positions.
BTC Daily Falling Wedge Bullish Divergence on MACD, RSI, and Stochastic RSI. We need to close a daily candle above the 200MA or it will likely become a tough resistance for BTC. We also fell below an order block on the VPVR and it will now act a resistance instead of support. Currently still respecting the falling wedge on Daily and 4h time frames
BTC Dominance broke out to the upside and is currently retesting. If this continues to trend higher and BTC doesn't show us any kind of reversal here Alts will get wrecked again.
4H looking like we will break through the lower trendline unless bulls come and buy up the BTC here. Could be another bear trap or a break lower from the falling wedge pattern.
BTC/USDT Daily chart battling with the 200MA again. If we close a daily candle below it and fail to break through tomorrow we could begin riding it downwards and continue this downtrend. Indicators are currently still looking bearish.
BTC 4h symmetrical triangle looking like it might play out here, if we reject upper trendline once more this could break to the downside quite quickly. Keep an eye on this.
Crypto Total Market Cap formed a very nice falling wedge pattern, bullish continuation pattern. The odds are in our favor for a reversal. Still holding our support zone. if we break lower > Not a good sign
BTC is currently respecting this descending channel and is currently tackling the 200 daily MA, I wouldn't like to see a drop below it. We have our support zone holding up as well. >>MACD lines rejected a bullish cross, though the histogram still showing weakening bearish vol. >>RSI looking bearish >>Trading Volume also getting lower. Trading isn't...
4H respecting lower trendline and all indicators currently looking bullish. Small recovery could be on the way.
Falling wedge, bullish continuation breakout pattern. We are moving up to overhead resistance and upper resistance trendline. Indicators are all starting to curve up, likely we test or break upper resistance trendline.
BTC Dominance is giving us a strong indication the BTC dominance could break to the upside. Here's Why: - We are hitting a key support level for the 3rd time on the 1D chart, showing significance in this support. - We have been in this falling wedge pattern for a long time and it's highly likely we break either up or down in the very near future. - RSI, MACD,...
Here is another Idea to think about. A Symmetrical triangle, bearish continuation pattern in the this case. Another very common breakout triangle pattern, happens less often than falling wedges. Just an idea to have some fun. Don't use ideas to trade, just use them to open your mind to the possibility of it happening. The more scenarios you can prepare for the...
I drew a potential falling wedge idea, just a speculation, but a very common pattern and it often happens when we are up against a downward sloping resistance trendline. Falling wedges have a 68% chance they break to the upside, it would mean the odds are in our favor on the 4h. Idea could be invalidated at anytime.
BTC 4h showing us signs of some potential upside to come, broke down from this rising broadening wedge, currently holding on support.
BTC/USDT 1D chart currently still showing us continued bearish momentum, although the MACD is pointing to a weakening bearish trend, Stochastic is oversold and needs some sort of a bounce higher to cool off. I am looking for a new trendline to form here for us to follow, just an idea at this point. Support zone and 200MA really needs to hold here. If we break...
BTC 4h potential higher low after bouncing off support zone. Not enough data to get a good idea right now. Now, we wait.