There are a lot of things happening in the crypto world, I certainly feel bullish, in a lot of altcoins, I see a daily divergence occurring. However, I do not see the same thing for bitcoin, and I don't know how I feel about this, but my goal is always to analyze as objectively as I can and determine the possible situations we are in. Synopsis: 1.) After that...
For the past week Bitcoin has been moving within a symmetrical triangle , unfortunately not the most helpful of chart formations as it can indicate both a continuation or a reversal. Though perhaps unsurprising at such a pivotal level - we've been testing this support line around $6175 multiple times since June and so far it has always held. However, market...
Looks like a good bullish symmetrical triangle setup. Should see a good retest of the $114.85 level. Should complete NLT than End Of Day Thursday (13SEPT). Goodluck! Notice: Not Investment Advice.
This is a longer-term swing trade. Waiting for break and close of the support line.
Wait for break and close of resistance line
On the 30m timeframe, BTC has been forming since yesterday a very defined symmetrical triangle which itself is a part of a bullish pennant. This indicates that it is very likely to break up, but if it breaks down, it's still definitely tradeable. If it goes up, our target is the blue line, which is the huge wedge formed on 4h timeframe (already given me 3...
Nano forming a symmetrical triangle. Decision time coming, I'd wait to see a breakout in either direction before placing a bet. Since I am the betting type, I'd say it will continue the uptrend so long as BTC remains stable.
I usually use longer timeframes (4h, 1d) to set up my trades and look for clues on the short 30m timeframe to find entrys and stops. After the stability that BTC has shown for the past week or so, a huge triangle formed on the 30m timeframe, which should be resolved within the next few candles. It is marked by the orange dotted line. Shorts are still...
XLM seems to be in a huge symetrical triangle. Stop loss can be put just below the green line that is pointed out in the chart. Major resistance levels are shown with red lines, after passing the second resistance, XLM can reach up to 10k satoshis. That is about %300 profit opportunity. I wonder if its a coincidence that XLM was recently given a Halal...
ALLY has recently been upgraded by Zacks.com to a rank 1 (strong buy). It has beaten earnings for the past 4 quarters. It is currently setting up for a possible break out. I will be looking to go long this week on the close above the upper trendline of the symmetrical triangle.
EURUSD: The market may continue to advance as a way to give completion to the pattern it is currently into, but not vigorously. Afterwards the completion of the pattern, we can forecast a certain downtrend taking place. - Leave a like if you appreciated! - João Wood
You can find buy zone SL area and Targets on the symmetric triangle.
As you can see on the 4h, after breaking down a channel several days ago IOTA started forming a symmetrical triangle which is about to end. This gives amazing return opportunities with minimal stop loss potential. My money is on a short, but it could go either way. If there is even a wiff of a dump on btc, I am pretty sure we can go to at least the mid .40s You...
ETH as most altcoins is heavily influenced by BTC, so everything here has to be taken with a grain of salt because if BTC moves, much of it could be moot. Still, there is a clear symmetrical triangle on 4h here, which is also itself part of a bigger Ascending triangle on the same timeframe. It has been trying to break down over the past 12 hours and has been most...
FUD is cutting it's market value making it cheap. certain fundamentals of the company are excellent. ARK investments just reviewed $TSLA with a $4000 target price. There's a possible Cup&Handle and a Symmetrical Triangle on the chart. And, good news for tesla on CNBC.
After yesterdays dump I was supremely confident that we would be testing our local low of 5850 again. Boy was I humbled. After adding to my already considerable short at 6300, after the wall at 6310 fell (and what an epic battle that was, the volume was just insane) I was suprised to see how bears ran out of fuel at 6245. Fortunately I had set a stop loss for the...
Now price is forming a symmetrical triangle, getting early on a 5 min chart as well with price now at 38.2%.If oil continues to sell, we should see further weakness in CAD, eyes on Brexit news as well. Technically this looks good.
Whats up Guys, All of the information is on the chart - be sure to hover over the Note for fundamental analysis. Ten Likes and I will update the chart Intelligent disagreement welcome Good Luck - See you on the trading floors #Crypto #BTC #cryptocurrency #forex #USDCHF -Nix