Matic can drop to .30 level as bear flags tend to break downwards.
We can clearly see in this analysis that whenever bitcoin has touched this down-slopping red trendline, it has dropped from 30 to 40% on average. Right now, bitcoin is facing massive resistance from this all-time high resistance level trendline as well as from the June lows trendline. Both these point towards, a downward price action in the coming days. December...
Bitcoin is breaking out of the falling wedge and breaking the resistance line it has never broken from its all-time high. In my view, this is a fakeout and we will see a correction to 12k where we have two support lines to give us a mega bounce and that will be the bottom of this bear market. Let me know your thoughts on all this.
The only TA you should be looking at, BTC is testing the all time high resistance trend line, we have already been rejected twice from this trend line, let's see what happens. In my opinion, we will get a heavy rejection from here as well. Not FA, DYOR.
BNB is most likely to retrace to .5 and .618 fib levels, I am short on BNB with an Average price of 284.6, TP1 set on 260. Will post the rest later Not FA, just showing my TA, DYOR.
So BTC is hitting the support trend line and we can possibly hit the 25,500 resistance level before we continue to move down in the near future.
Triangle patterns are most commonly applied on daily charts and interpreted over a period of several months. For example, strong triangle patterns on a daily chart require a prior trend that is at least a few months old and typically develops for several months before a breakout occurs
Two things happening right now, 1). BTC Forming Double top on 1D chart 2). A major horizontal resistance level is getting tested. These 2 things indicate that we are going to see a pull back in the coming days, once we hit 45.5k to 46k level. How much can we pull back? BTC will retrace back to the trend line it broke a few days ago, that retest is...
As shown in the chart BTC has formed a double bottom and clearly indicates a huge chance of seeing an uptrend this week. I would long BTC from 55500-56000 level. Not FA.