Here We Can Find An Ascending Triangle In A Downtrend On Btc/Usd. If It Was Inside Of An Uptrend, I Would Be Fully Bullish No Questions. So Only With Price Action Will, I Determine The Next Move On this Trade. As Of Now We Can See That With The Top Of The Triangle Is Forming Near the 61.8 Retracement So With A Break And Retest Of that level We Will Expecting...
BTC HAD BROKE ABOUT 10100$ AS OF NOW IT COULD BREAK PREVIOUSE RESISTNANCE COMMING OFF A 1HR HEAD AND SHOULDERS THAT FORMED YESTERDAY,OVERALL WERE STILL GOING LONG WE SHOULD SEE A LITTLE RESISTANCE AROUND THIS CURRENT AREA OF 10200$ SO KEEP A CLOSE EYE ON A BREAK AND RETEST OR TEST THE CURRENT TRENDLINE ON A SHORT FX.LAVISHLIVING
OVERALL IM LONG ON BTC,BUT SEEING THAT WERE SEEING RESISENTANCE AT THE TOP AND SUPPORT MAYB BE BROKEN SO IF THIS FORMATION IS CONFIRMED I WILL SHORT IT AT THE BREAK OF THE FIRST SUPPORT AND TP IS THE DISTANCE OF THE CUP ITSELF AS SHOW IN MY IDEA. PLAY THIS VERY SAFE WITH THE CORANAVIRUS BEING THE MAIN REASON ON TOP OF THE GOLDEN CROSS ABOUT TO HAPPEN SHORTING CAN...
HERE WE HAVE GBPJPY AT THE TOP OF A STRONG TRENDLINE OF A ASCENDING TRIANGLE WE CAN SEE ANOTHER BOUND FROM THE MAJOR DAILY TRENDLINE OR IT COULD BREAK THE TOP AND SHOOT UP SO IM GOING LONG WILL WAIT TO SEE IF IT TEST DAILY TREND AGIAN FOR ENTRY OR WAIT FOR BREAK AND RETEST TO GO LONG!! FX.LAVISHLIVING
HERE WE CAN SEE A FALLING WEDGE FORMATION ON EUR/USD TRADE ON BREAK OUT OF THE TOP OF THE WEDGE USE SL AROUND 1.08337 TAKE PROFIT IS BASED ON MEASURMENT OF THE START OF THE FORMATION OF THE WEDGE AND IT MATCHES UP PERFECT WITH THE 68. FIB Good Luck!!!!!! Fx.LavishLiving
Just a quick break Down, Waiting for conformation on Either of these Pattern To see what direction it goes My personal Opinion would be the higher timeframe Ascending triangle is stronger But will play it safe with only trading break out of either top of Triangle or short at the bottom of the channel after retest of support