BTC can look for the support of the 34K zone, or even the 30K zone
Long I see a good chance to go long, good accumulation, this coin is ready to go up
what will you do with your money ? next target is 72K
A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs.
The head and shoulders pattern forms when a stock's price rises to a peak and subsequently declines back to the base of the prior up-move.
is a line drawn over pivot highs or under pivot lows to show the prevailing direction of price
A reversal is anytime the trend direction of a stock or other type of asset changes. Being able to spot the potential of a reversal signals to a trader that they should consider exiting their trade when conditions no longer look favorable.
it's amazing how efficient the Fibonacci is it is definitely my best friend
The main difference between a Fibonacci retracement and extension is that Fibonacci retracements are typically used to make a case for entering a trade, whereas Fibonacci extensions are typically used in determining where to take profits
levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced
Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage.
The bearish version of the Gartley pattern is simply the inverse of the bullish pattern and predicts a bearish downtrend with several price targets when the pattern reaches completion by the point D.
The bullish pattern is often seen early in a trend, and it is a sign the corrective waves are ending and an upward move will ensue following point D.
the price respects the support of the SMA200 (blue), while the SMA20 (yellow) reveals the direction of the price, indicating the immediate trend.
The Double Top Reversal is a bearish reversal pattern typically found on bar charts, line charts, and candlestick charts. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between.
The inverted shoulder-head-shoulder pattern reflects the same structure as the original version, but in a transposed (inverted) manner. This formation is often in a downtrend and could indicate a bullish turn in prices, as new rising lows are established.
It is called a shoulder-head-bearish-shoulder because when it appears the price is likely to turn lower and lead to a downtrend.
A downtrend line is a straight line drawn downward to the right that connects 2 or more high points. The second high must be lower than the first for the line to have a downward incline. Downtrend lines act as resistance and indicate that there is more supply than demand, even as the price falls. As long as prices remain below the trend line, the downtrend is...