Breakdown
Long-term downtrend in DCRNow a long-term downward trend. The price is still within this trend. Also below MA 200.
If the trend changes, then the price may rise significantly.
However, now on the chart we are observing the pattern of the descending triangle. When breaking through the base of a triangle
the price often drops to the height of the triangle.
I want to believe that we can break the downtrend in the near future. But at the moment this is not so obvious.
In a negative scenario, the price may fall to 3-2 $.
AMS - Potential 50% dropPrice made an attempt to break out of the long term down trend but was rejected off of the down trendline back down to support at 0.49 with heavy volume, if the support at current levels breaks there could be a retest of March lows and perhaps lower lows. A short entry at 0.43 could be a valid entry point, one to watch for the meantime.
Playing intraday high and low breakoutsThis seems like a decent strategy that may give you a quick/small stop out, or a long ride. Potential to add to trades as each level is breached. Indicators used are: new intraday high/low (green and red dotted lines) and midpoint (white solid line). The idea is to place an order in the same direction as the breakout (high or low), with a few points as a target, and a break even, or small loss, stop. It appears to present many times through out the day, allowing for many opportunities.
EMA-cross trend analysisWhen the 20ema crosses below or above the 50ema, it has been an amazing signal in trend reversals.
Creating the strategy on your own is very easy to build and follow.
The inverse of the TLT is TBT; which could prove to be interesting if we continue to see interest rates tick higher.
Important to note, that the Bull-cross has been much more indicative than the Bear-cross in the past.
BTC Breakout OR Breakdown. 90 Day Chart COINBASE/USDHere's a 90 Day Chart that tells me that we're going to be in consolidation until April 2022.
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. The pattern is also known as a wedge chart pattern.
Last attempt at the top 2 BART breakdown to $7700 expected.The levels I mentioned in the previous analysis remain valid however I feel I erred in the time frame of the move down to $7700.
The move down however should have been drawn steeper taking us about 2 weeks.
The price action leading upto and within the descending triangle seem to be indicative of a BART pattern with a breakdown taking us back to base of the pattern at $7700.
The final spike of this pattern is likely to be the move up from $8400 reaching the descending yellow long term trend line. This point will be quite a symmetrical breakdown libel corresponding with the move up to the top of the pattern.
Thank you for you’re time and attention. Please like and comment if you enjoyed my ramblings and even more so please comment if you disagree as honest criticism is what will allow me to grow.
Peace to you all.
All CLIMACTIC Moves Aren't The SAME! - 05/19/20 RECAPHi traders,
I took 2 shorts on Tuesday, both of them coming from a climactic move breakdown. I treated them the same and ended up walking with a small loss.
We'll go over the minute differences and why I should've held the second one for longer!
My Trades:
1) TGT - SHORT @123.92, -0.34%
2) MRNA - SHORT @73.82, -0.24%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: -0.58%
Total PnL for the week: -0.63%
Good trades,
Tom | FINEIGHT
#BTC - Triangle - Hedge long for ongoing short expecting sideways market for the next 2 days, maybe on last day before halving we might see some fireworks
i was expecting a deeper retrace to 94xx to long but we are forming a descending triangle after the big move up, so simple rule long at support short at resistance once we break on either side just HODLLLLL!!!!
QUADRUPLE RESISTANCE! Watch out for BITCOIN!Hey there,
Please support this idea with your likes and follow me on TV!
Bitcoin is heading into quadruple resistance on the daily timeframe.
0.618 fib
200 and 100 D moving average
structural resistance
trendline
Take care!
Also psychological 8k level!
I would look for a break down ranging from 7,200 to 6,400 USD.
Cheers,
Konrad