Get started

Ascending

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
Total Market Cap breaks upward from ascending triangle pattern!Exciting to see the price action on the weekly chart break upward from the ascending triangle it had been consolidating in. We can see it has now been 9 Weeks since we first broke up from the green falling wedge pattern and since that time price action has been mostly bullish inching closer week after week to the green falling wedge's breakout target. We still have a long long way to go to reach that target but we are still right on track. Wedge only reach their full breakout target around 60% of the time so whether or not we will hit the full target I'm not sure but I do anticipate we will reach at least 75% of the distance there. So I anticipate in the next 2-3 months we will triple to quadruple the total market cap judging by the way this chart has unfolded thus far. Of course slight retracements an corrections along the way are to be expected.
CRYPTOCAP:TOTALLong
by DrDovetail
EURCAD Ascending Triangle On the EURCAD chart we can see an ascending triangle. As shown I'm going in with a very early entry. At the moment we have a slightly oversold RSI (29) and a support that looks like it's doing its job for the fourth time. I will keep a stoploss slightly under the support but with still enough room for false breakouts. Hope this will workout like my last ascending triangle on NZDJPY on 12 february, this is the second time spotting this pattern so I do see this as extra educational. Thanks for reading and as always you're likes and feedback are welcome! Wesley
Long
by W4DL
BTC: Why this ascending triangle is bearish, not bullishI've seen many charts of people eagerly proclaiming that the bottom is in, because an ascending triangle is forming, and that is super bullish! Well sorry to be the bringer of bad news, but most of the time, and ascending triangle in a bearmarket is a bearish continuation pattern. And this here shows all the signs of such a pattern: 1. Volume is declining more and more 2. Strong impulse move from 6500 to 3100, and then long sidewayish ping/pong action 3. Volume not high enough yet to be bottom Here's an excellent video explaining this pattern: www.youtube.com Apart from that, why is BTC taking so long to decide? 1d and 3d bbands are still quite wide, need to narrow more. Also 1w bband is approaching fast. Most of the time, the ascending triangle in such a configuration breaks downwards between 50-75% of triangle completion. On bitmex, we're a bit over half of triangle completion, so it can still go on doing this boring ping-pong for weeks until it hits the upper resistance line. Also 3d and 1w stoch RSI are still massively overbought. This let's me think that the likelihood for a bearish continuation with a final low is at around 80%. But BTC could surprise us with a weird upwards break. This would need to happen with large volume. But the probability for that is maximum 20% imho.
BITMEX:BTCUSD.PShort
by SebastianofMoon
30
Short Position for CADCHFAfter the breakout from the Ascending Triangle Pattern, CADCHF starts showing a Bearish Continuation by Declined the Moving Average Exponential. After the Decline, I decided to entry Short Position ( Sell ) SELL @0.7520 STOP LOSS @0.7570 TAKE PROFIT @0.7455 This action was taken by Chart Pattern analysis and a combination of Standard Indicator, Moving Average Exponential ( 10 & 20 ). This is just my analysis, don't consider this as a suggest unless you suit with the risks. Good luck !! Cheers !!
Short
by Maserati_KS
1
ETH is preparing for a bigger move to $200+ On the daily chart, ETH have been forming a big ascending triangle closing in may. Inside this ascending triangle we have also created a small trend line (black) which could accelerated the breakout. The top trend line in the ascending triangle is resting at $162, and all price action below this is considered being inside the triangle for now, unless we break the bottom trend of the triangle marked in blue. Triangles is usually continuation patterns. A descending triangle in a bear-trend is a strong indication for us to break down. A symmetrical triangle/pennant is a little bit more neutral in a bear-trend, but it's also a continuation pattern so statistically speaking it should break down. However, ascending triangle is a bullish pattern which now is appearing in a bear-trend. These sentiments sort of neutralise each other, making it more likely we will break up. Trading between the trendiness can make some crazy good profits! If you like it and would like to receive future updates - Please, follow me on TradingView! If you follow me, I guarantee you will receive timely updates to this chart, and all other interesting tickers. This will allow you to stay on top of the current Ethereum trend and hopefully maximize your profits! If you agree, please, Like this Idea - This would be the best feedback and encouragement for me!
BITMEX:ETHUSD.PLong
by Pineapple1k
1
USDJPY Ascending Triangle USDJPY in the short term looks bearish, current price action is restricted to a descending triangle. Marked on the chart is the 50% and 61.8% Fibonacci retracement levels of the bear market which began on the 13th of December and continued until the 2nd of January. Currently looks like we should see a retest of the lower triangle line as we continue to trade within the descending channel in the short term. The retest should coincide with the 50% fib level where i'm expecting to see some support before moving higher and potentially breaking out of the triangle to test the 61.8% fib level.
by Trend_Analyst