As the chart shows, i think BTC has broken out a long bearish trendline and it's normal for it to have a long trading range after it, Or, a long pullback in this scenario.
So, I see bitcoin in bullish trend line for the coming year (2023), but it needs to touch back the trend line she just broke and then we are ready to jump!
I think there are pretty strong...
As i see in the chart, the was a bullish leg before the triangle breakout and i drew another leg excactly the same height as the last one. because last candle was a doji shaped and latest candle is closing like a pin bar and we are far away from Moving Average, I think there might be a short term bearish trend on Gold , unless today's candle doesn't close as a pin...
I see this bearish channel and this downward triangle formed up at the end of it. Because of bearish type of channel, there is a high chance that price breaks the strong support and falls under it's monthly low.
But because of a 3 strike pattern that has been made just above the support line, there is also a high chance that price breaks the bearish trend line and...
As you see in the chart, there is a purple bearish trend line and there are 3 red horizontal lines.
The Purple trendline is based on two pivots on days of 30th of March and 10th of November. And the red horizontal lines indicate top and bottom of Trading range that has been made in the past few weeks and the dotted one is showing top of the smaller trading range...
As you see in the chart, There is a downtrend resisting the price and near it there is one major horizeotal resistance and another minor one.
As the trend has been downward since many days before, I strongly suggest only open short positions for swing trading. And for Long positions, Wait until the price breaks the downtrend and enter in it's correction (Which...
It's based on Price Action.
I think there is an uprising triangle building up and if it breaks from top, we have a bullish trend and if it breaks from bottom, we have a bearish trend.
Because of Gravestone doji In 1 hour timeframe of BTC.D chart, and Two Highs Pattern in BtcUsdt 1 Hour timeframe, I think price will come down to where I pointed.
If BTC price authentically crosses the white line, it will go up to the Green line which is the Take Profit.
And If price falls bellow the Red Line, this Plan is no longer Valid.
It's a simple plan, if btc crossed the second line, it is going up to reach the third line. And if the price reached the first line, it is going to fall.
