Get started

Ascending

NEO/BTCHello Friends, Not much to say here, looks like the ascending ABCDE channel is yet to hit it's mark. The Bill Williams Fractal says no buy yet on the daily however the weekly chart is beginning to form a inverted hammer candle as is the RSI nearing oversold. I would wait a bit longer before buying into this ALT and see where it will head in the following days. If the weekly candle closes as an inverted hammer candle, that should put NEO into or near oversold RSI and at the projected daily chart of the predictable channel towards its target for a bounce upwards for a change of trend. Observe on this chart the stop loss and the buy zone. Details on the Chart. This is my viewpoint and my opinion. I am not giving advice but only sharing what I see. Do not enter a trade on my TA but do your own homework. Cryptocurrency is volatile and very risky. Never invest what you can't afford to lose and always educate yourself and continue to do so when making any kind of investment. If you find this information helpful, then please hit the like button . Your support is appreciated. Thank you! CYA on the next one...until then, the trend is your friend. Buying on the dip and selling on the hype. Cheers!
by keifer
4
USDCHFHere on the monthly time frame price is creating a squeeze an ascending wedge. Inside this wedge we have another ascending wedge forming on the daily time which is marked by the blue trend lines. I have also marked out monthly zones and we are nearing an area with a lot of sell sensitivity. The arrows also show where price has touched the trend line. I am looking for a third touch on the monthly time frame which confirms to me as sell. However, we are entering a heavy supply area and have touched the blue trend line (daily trend line) three times which signals a sell to me. Will price reject this level and move back to the downside, then rally back to the upside to touch the monthly time frame for the third time? Keen to know thoughts, Thanks Nath
by Nathanp7
1
Whales Are Fxxxxxxx With YOU - D4 Will Teach You How To SWIM! DAMN WHALES - OR LEARN HOW TO SWIM WITH THE WALES 3 times in a ROW we go FXXXXX by the whales. 3 Stop Hunts. Clever moves - and that is why I told you to STAY OUT of the market, and the only good solution is, what I told you to do. To accumulate Bitcoins further down. For those of you who don't know what I'm talking about, and don't know what STOP HUNTING is, let me make it brief: Basically it is often an unnatural or unexpected move from the whales in areas with liquidity pools where they make a MOVE - FIRST IN ONE DIRECTION and then IN THE OTHER DIRECTION with the purpose of liquidating both SHORT and LONG positions, so they can benefit from it economically. XBTUSD 4h CHART We are still extremely bullish. We are at this very moment on the 4th Wave in a Triangle ABCDE Formation. Notice that the E-wave always is tricky cause it is allowed to go lower or higher than the lower trend line. We have an area with extreme confluence support, why I will advice you to accumulate BTSs in my Yellow Box. LIKELY TARGET 6,000 USD and Above is very likely - the reason is, that the whales will help us to up there due to the big liquidity pool. Remember 6,000 USD is Point of Control and is THE price point, where most trades are generated. After some time, and when retail investors jump on the wagen, The Whales will hereafter dump the price again and take profit. Number 1 D4
BITMEX:BTCUSD.PLong
by D4rkEnergY
3
BTC - Break now or one more touch?BTC has established a very nice ascending triangle. The question is whether it is breaking out now? Will it touch point E first? Or will it do some kind of Market Voodoo move and head fake both the bulls and the bears before deciding which direction to take? Place your bets and take your chances! Personally, I would like to see prices at least touch point E before continuing higher but only on rare occasions does the market actually do what I would like for it to do. lol Good luck!
COINBASE:BTCUSDLong
by BitcoinBearSlayer
Ascending bullish triangle. My motto is "keep it simple"! What do you see when you look at the chart? You can see that the price get rejected from the purple horizontal line (resistance) and its trading within a ascending triangle. This is a bullish sign, as it shows that the bulls are still in the market, however, there could be easily done some manipulation and long squeeze. Its very important to watch the price, once it closed on 4H candle under the triangle and breaks the 100 EMA, you should be closing any long possitions, so watch your stop losses! If the price dips under the 200 EMA, there will be oportunity to go short up to the orange line, where is a strong support. If this support will be broken, bitcoin will dip to retest its lowest lows. We should see a major move within the end the month or soon by the start of may, I am more bull than bear, clearly by looking at alt market and the lacking overbought indicators. I believe we should retest the 5800 - 6200$ mark, if the triangle will hold up, before making a correction at those levels.
COINBASE:BTCUSDLong
by Rezonator23
Current goldencross trajectory for BTCUSD set for April 23rdgetting exciting here in bitcoin world as the 1 day ascending triangle pattern continues to play out and keeps sharpening the trajectory of the 1 day 50ma thus moving the goldencross date ahead...as log as we go sideways for the next few days or further upwards we should see the goldencross by april 23rd. My guess is it will coincide with a break upward from the 1 day ascending triangle pattern. However there's a chance this may be short lived because we will still have to contend with the strong resistance of the 50 simple moving average on the weekly chart(not shown here) just above the triangle and it will be a true challenge flipping that moving average to solidified support...the initial test could result in a rejection that creates a brief deathcross shortly after the golden cross and scares everyone out of the market...but if this were o occur, my presumption is it would only be brief in order to form a higher low in the daily price action and then we would likely see another higher high to follow it up and flip the 1 day 50ma back into s golden cross with the 1 day 200 that is much more sustainable. So its wise to keep a close eye on the weekly 50 ma to see how it handles its next testing by the price action. There's also a chance that we may blow right past it and flip it to support the first time we test it but it is somewhat less probable. another pattern to keep an eye on is a potential head and shoulders pattern on the 4hr chart that is currently in play inside the ascending triangle. if we triggered it we could potentially breakdown all the way to the 1 day 200ma but if we break up from the triangle first and test the weekly 50ma that may be high enough to invalidate the 4hr head and shoulders pattern. Whatever the outcome...it should be a very exciting end of april/beginning of may for crypto
BITSTAMP:BTCUSD
by DrDovetail