The Head & Shoulders Pattern & Inverse Head & Shoulders Patterns are quite common on Bitcoin and have had great results on the higher timeframe charts. Here are the main characteristics: • VOLUME MIMICS PATTERN • 3 PEAKS, LEFT & RIGHT SIMILAR HEIGHT • TRIANGULAR IN APPEARANCE • FOUND AFTER UPTREND • HIGH SUCCESS RATE • CAN BE SLANTED Price forms 3...
The Trump & Biden win Cryptocurrency tokens on the FTX exchange is giving us a great gouge of the Crypto community sentiment towards the two candidates. We are also see a perfect example here of the Bull & Bear Flag patterns with Trump showing the bullish version & Biden the bearish. Some key points about BULL & BEAR FLAGS: • BEST ENTRY IS often when price...
Once again Bitcoin showing the bears who is BOSS, Sometimes, simple works best. There is a obvious Bull Flag / Bull Pennant pattern. In extremely fast faced bull markets sometimes these patterns can form on a slanted angle and still breakout upwards. Other important things to note ALTHOUGH we are under the orderblock resistance on Bitmex chart on Huobi we are...
IF Chainlink does not claim 13$ again soon we may be putting in a bearish retest of a BARR TOP (Bump & Run TOP) Pattern. The pattern is explained below and there are some obvious key area to watch on the LINK/USDT Chart. Note the below image of Bitcoins run to 20000 as a comparison of a successful BARR TOP. The Bump And Run Reversal Top (BARR Top): • Follows...
Ethereum is said to be a form of digital silver to Bitcoin which is named digital gold, and funnily enough Bitcoin can often have a 80/90 point correlation with Gold while Ethereum on a similar point correlation with silver. With Bitcoin gaining strength on its run to 13000 and Ethereum following closely behind i have identified some key levels on the Ethereum...
My current monthly levels chart for Bitcoin Using - Fib levels, Supply & Demand Zones, Key Horizontals. 12449-12294 next support (lines up perfect with daily levels also) 13140 next key monthly level which lines up with the daily, and the montlhy close at 13249 ( this is marked on my daily chart with the same name "20k top close 1m/monthly close ath"
My current levels chart for Bitcoin ( DAILY CHART LEVELS, VIEWING ON 4 HR ) Using - Fib levels, Supply & Demand Zones, Key Horizontals. Current near resistance - 12889, 12980 are two close levels we need to "claim" to continue up. 13166, 13249 is around the monthly candle close of the last major swing, we will also need to claim those levels to continue...
Possible head and shoulders pattern on FB & Amazon - its not confirmed on both. The ideal setup is that both decrease in value below the "neckline" marked in blue/red in each respective chart. Although not guaranteed the price can then increase in value, coming back up to the neckline, where we see a rejection and continuation of the downwards breakout this is...
Hello! Just wanted to share my first chart with the new trading-view gradient backgrounds and share the key areas i'm watching right now on Bitcoin. Not in any trade but can see that we are current forming a Bear Flag, Symmetrical Triangle and are squeezing between two areas of support and resistance on the chart.
Just a general trading plan if we hold this area as support on Bitcoin. You can see the clear Single Candle Supply Zone thats current support. See the below linked idea for my bearish setup.
Just a general trading plan for Bitcoin. There is a clear Single Candle Supply Zone we are resting on, if we lose the area and reject off it, its a pretty clear sell signal. Look at 9200 area how price reacted from it on the chart. It may be a good area to watch. See my bullish setup linked below for other perspective.
The image describes a demand cluster zone and shows how price reacted to this zone in this example on Bitcoin including Support & Resistance Flip
Not a in depth chart, Just want to note the clear possibility of the support resistance flip on Bitcoin here. Market is in fear now- which is usually the most profitable time to buy :) Important to note that the open of the traditional markets on sunday will greatly affect the price movements of Bitcoin.
This is just my general thoughts on Bitcoin atm. Obvious Head and Shoulders pattern, But the thing is if Gold or EUR/USD pump, or the DXY Sells off, BTC could just negate the bearish chart. So this is a plan of areas to watch for this Head and Shoulders to play out or reject from. Note the large Bull flag structure we are trading inside, under the pink upper...
This is my current levels chart includes -Important orderblocks/ supply / demand zones -Important horizontals -Important diagnols -Important fib levels -Rounded top resistance levels How to save this to your own tradingview?
If IOTA continues to retrace and holds the rounded structure putting in higher lows, while allowing the stochastic to reset and RSI to bounce off 50 level we may see it test the upper supply zone.
ZCash looks to be forming what is a ascending triangle, we are either going to break out upwards soon; looking at a S/R flip Or retracement and see if we hold the diagnol support line to continue the pattern.
Vechain is one of the most solid crypto projects out there. If Bitcoin allows we can see a run here. Bouncing off the prev demand zone with a possible double bottom on the 1hr. 16900 my first target if we hold this support zone.