We have been expecting the Inverse Head and Shoulders (IH&S) to break-out above the Lower Highs trend-line since May 06 (see chart below) and Bitcoin (BTCUSD) dully delivered: In fact, what we will do on this idea is simply update the Bullish Megaphone of May 02 and chart it inside a more fitting Channel Up: The previous two IH&S bottom formations...
Simple Trading: Slanted Inverted Head and Shoulders pattern. Analyzing Bitcoin, we can clearly see a downtrend that has reached the top of its trend zone. At this point, two scenarios are possible: either a breakout of the downtrend, signaling a return to the macro bullish trend, or a continuation of the downward movement, resulting in a false breakout.
Logarithm. Time frame 1 week. The main trend. Duplicated on the exchange OKX, a little added to understand the logic and accuracy, as on the exchange poloniex, there is no liquidity. If something happens to have an idea on a more liquid exchange. As this cryptocurrency is interesting. Major trend. Channel. Publication 01 2023 Linear Now in Moment. ...
Logarithm. Secondary trend (part). A descending wedge (bullish shape) was formed in the descending channel. It is linear on purpose to remove "market noise". There is a breakthrough of its resistance. There is a high probability that the targets will be reached. The coin on the super profit funds, remember this working with it observing the banal risk management....
Bitcoin (BTC/USD) has reacted off the pivot and could potentially rise to the 1st resistance. Pivot: 64,518.28 1st Support: 63,145.82 1st Resistance: 66,831.34 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
Price is falling towards a support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 63,451.23 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 61,331.39 Why we like it: There is a pullback...
SOL/USD is falling towards a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 155.02 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 149.20 Why we like it: There is a pullback support...
ETH/USD is falling towards a support level which is a pullback support and could potentially bounce from this level to our take profit. Entry: 2,865.45 Why we like it: There is a pullback support level. Stop loss: 2,814.40 Why we like it: There is a pullback support level which lines up with the 61.8% Fibonacci projection. Take profit: 3,036.53 Why we like...
Logarithm. Time frame 1 week. Cryptocurrency in coinmarketcap: Energy Web Token. Of the liquid exchanges, it is traded on KuCoin, Kraken (USA), Gate.io. Downward channel. At the zone of its meridian a descending wedge has formed in the secondary trend. The percentages to the key zones of support/resistance levels are shown on the chart. It is more rational to...
Logarithm. Downward wedge zone. Time frame 3 days. A descending wedge is forming in the descending channel (the main trend). Almost in the final phase of its formation. Decrease from the price minimum in the main trend -93%. We are in the first zone of so-called capitulation. This is not the maximum value for altcoins of such liquidity. The range of the maximum...
Logarithm. Time frame 3 days. Rising channel. The chart shows key support/resistance levels for working in a local trend. Code zone 273 or synchronization specifically with the price of $ 27,3 00—this is the main key break zone of the downward trend. We are now in the zone of the previous distribution of the 2020-2021 cycle. Scale for understanding.
Bitcoin (BTCUSD) started to rise again, which is very natural as it almost completed a -25% correction (normal during Bull Cycles) and closed yesterday above the 1D MA50 after two straight rejections. The situation couldn't look better on the long-term charts as well, namely on 1W where it is at a cyclical stage (ellipse on the chart) where during past Cycles it...
Bitcoin tactical analysis explained W1 M1 chart cup and handle pattern #BTC#Bitcoin#crypto
@everyone Trading in a bullish pennant pattern involves recognizing the setup and then executing trades based on the pattern's characteristics. Here are three key points to consider: ### 1. Identify the Pattern - **Formation**: A bullish pennant forms after a strong upward movement (flagpole), followed by a brief consolidation period with converging trendlines...
Ethereum (ETH/USD) is falling towards a support level which is a pullback support that is slightly above the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 2,982.64 Why we like it: There is a pullback support level. Stop loss: 2,865.45 Why we like it: Thee is a pullback support level. Take profit:...
Ethereum (ETH/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse from this level to the 1st support. Pivot: 3,082.23 1st Support: 2,963.76 1st Resistance: 3,181.69 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
Price is rising towards a resistance level which is a pullback resistance level that lines up with the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 83.05 Why do we like it: There is a pullback resistance level that lines up with the 127.2% Fibonacci extension. Stop loss: 85.05 Why we like it: There is a pullback...
XRP/USD is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 0.5239 Why we like it: There is an overlap resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 0.5396 Why we like it: There is a pullback...