The recent crash was a major red flag for me. The stock market has topped, the economy is stalling, and rising global tensions are increasing my bearish outlook. Although the panic in the stock market has eased, I don’t expect a quick V-shaped recovery. Instead, I anticipate a period of sideways movement before the next leg down. Keep an eye on the approaching...
We're running out of time and SIA is forming a potential diamond top that can drop 18-20%. Let's see.
It seems that a diamond bottom pattern is forming on ACH, suggesting the potential for an upward price movement.
SIA coin has rebounded strongly from support after a breakout and is now heading towards its next target of 0.01 euro.
I'm feeling pretty bullish on FTM, but I think there's a correction coming overall. Hope to grab some at support and ride this bullish diamond up! Let's see how this will play out. Safe trades.
In the weekly chart, the DXY appears to be trading within an ascending channel formation. Currently, it is also forming a diamond bottom pattern, indicating the potential for a bullish breakout to the upside. However, it could experience a slight dip before this upward movement, although the support line remains clear.
So, crypto's buzzing with bullish vibes, but here's something I want to share: There's a pattern emerging on the btc chart. A massive diamond top formation, signaling a potential drop to the 9K area. Meanwhile, the dollar is playing it cool, but zoomed out on the weekly charts, it's riding an uptrend and printing a bull flag, hinting at a ride up to the 114...
Maybe it was just a little green bump on the way down.
While the sentiment is bullish, I see low strength and an expanding triangle pattern that makes me feel bearish. If this plays out it's a great opportunity to get some ETH imho. We'll know it very soon I think. Careful everyone.
The monthly close is a nice green candle. Now if BTC breaks through the 200 day SMA (the red line) it doesn't mean we stay above it. Historical data shows us that it always comes back down to retest this line. But there's always a first time for everything right? So let's just see what happens.
This is the same idea as last one but with Candles so that new bars will load (this feature is not available for Renko bars). An Expanding Triangle is a pattern that starts with the price action squeezed tightly in the Apex (dotted blue line). There will be usually at least two swing highs and two swing lows in price. Overall volume usually diminishes as the...
I got rid of the noise by using Renko bars and saw a potential Bear Expanding Triangle in development. An Expanding Triangle is a pattern that starts with the price action squeezed tightly in the Apex (dotted blue line). There will be usually at least two swing highs and two swing lows in price. Overall volume usually diminishes as the pattern develops because...
Wait till BTC reached the (confirmed) bottom before going in. Everything can happen but I just want to share two possible scenarios. What do you think of this idea? I think Scenario 2 is very unlikely to happen but the chance Scenario 1 will play out is bigger than many people think. Happy Careful trading everyone.
I'm seeing a big 'H&S' but also a 'broadening bottoms' pattern. The wedges in price action open outwards which represent increasing volatility. This could break out upwards. But not sure for how long. We can also go sideways for months and it can also drop to the next support level. Time will tell.
A bearish pennant and a death cross? Maybe we get another chance to buy very very cheap. Not sure if I did it right so feedback is welcome. Thanks