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Ascending Triangle

Ascending Triangle for Bitcoin?It seems that Bitcoin is forming an Ascending Triangle on the Daily TF. Following are some Key Takeaways to consider. The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically break out of the triangle in the price direction prevailing before the triangle, although this won't always occur. A breakout in any direction is noteworthy. Target is calculated by taking the height of the triangle, at its thickest point, and adding or subtracting that to/from the breakout point. Source of these takeaways are from Investopedia, as I think that this Article matches pretty much what I think about "Ascending Triangles" If you like my Content, hit the 👍 and/or comment and make sure to follow. This Analysis is not intended to be investment advice. Always DYOR.
BYBIT:BTCUSD.P
by blauersamt
LITUSDT is creating a triangleThe price had a breakout from the dynamic resistance on the daily timeframe after a retest at 1.23$. The market created a double bottom on it. On the 4h timeframe, the price is testing the 4h resistance on 1.38$ after a nice breakout of 1.320$ and the market is creating an ascending triangle, where the resistance is the daily resistance. Be aware of the supply zone (circle) where the price had an accumulation before a new bearish impulse. How to approach? We are waiting for the breakout from the triangle and retest the previous resistance (daily) as new support.. If the price is going to have a breakout from the supply zone, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
16
Voxies VOXELUSDT - New coin + Massive Head and Shoulders- VOXEL Rank #406 on coinmarketcap. - Voxie Tactics is a free-to-play, 3D turn-based tactical RPG game designed in a retro style. - The team behind the project has over 15+ years of games development experience and have worked at worldwide studios like EA Games, Warner Brothers Games and Ubisoft. - We have a massive inverse Head and Shoulders pattern on the daily chart, breakout = huge pump. - 10 000% is very possible in the immidiate short term, maybe even more later.
Long
by UnknownUnicorn2537518
20
$SBLK ready to move higher?* Good earnings in the recent quarters * Strong up trend in the recent years * Sector: Industrials - Marine Shipping * Relative Strength vs. Sector: 66.27 * Relative Strength vs. SP500: 15.88 * U/D Ratio: 1.21 * Distance from breakout buy point: 0.44% * Volume 48.37% above its 15 day avg. * Broke out of an ascending triangle and move ~32% higher from there before consolidating * Yesterdays candle shows tonnes of demand along the 10/20EMAs * Has been using it's 10EMA as a dynamic level of support * Broke resistance of $29.87 with higher than average volume Trade Idea: * You can enter now as the price just broke out once again with higher than average volume * Setting a 10% target seems achievable as it's just above a historical level ($32.32) * Manage risk accordingly as shipping stocks have been hard to trade recently.
NASDAQ:SBLKLong
by HaseebKhan_90
DXY - 4 HOUR - POTENTIAL BULLISH BREAKOUT Her eon the US Dollar Index I'm looking at the formation of a potential ascending triangle pattern. This is my favorite breakout pattern (with the high/low & tight flag comin in second) to trade because of the nature of how it forms & the opportunities that it often offers to get in aggressively with low risk. The nature of the pattern consists of price putting in equal highs while printing progressively higher lows which shows a sign of selling weakness in comparison to buying strength. In this particular situation for an aggressive buy we were looking for a hold at the previous retracement low. Unfortunately, we didn't get it (partially due to a couple out of the blue news releases that pushed the markets this morning), but the technicals are the technicals so we have to obey the rules. Anyway, this is still a relevant trading opportunity that offers a good amount of room to the upside & I'll be continuing to key an eye on it as the week goes on. As always if you have any questions or comments please leave them below as I do read through each and every one of them. Akil
TVC:DXYLong
by Akil_Stokes
2
BTCBitcoin triggering a bullish pivot. If we look at the expansion of this wave, it's roughly at the top of 65k. The other side of the coin that I saw, is that in the diary we were in a bullish accumulation figure (Ascendant Triangle). Now speaking of the diary, we have to pray that when he hears the return he activates the mini fractal pivot. Of course, if you hear the turn, it may just go up. DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset! I am not responsible for any damages to your capital. Your capital is at risk in the equity market.
COINBASE:BTCUSDLong
by DuhNT
BTC 52K inboundWe have broken out of the ascending triangle we have been forming for the past few weeks. Clearly shown by the diagonal support across the bottom and the three touch points on the resistance of 45k. 52k on the .382 Fibonacci retracement which previously acted as support/resistance, this is the breakout target currently to look out for. We are slightly over sold on the 4hr but as long as we can close the weekly candle outside the triangle this is a very bullish scenario.
BITSTAMP:BTCUSDLong
by Rogez
Bitcoin is this the moment we have been waiting for?Hello Traders, As we all have been waiting amongst bearish news upon bearish news, we can see that the structure of bitcoin has been showing some bullish signs. After many Alt coins have jumped some points it is more likely than not that bitcoin will follow shortly behind. If you look at BTC.D you will see that it is falling and makes a lot of sense that the alts are running as bitcoin is still in a sideways range. So lets dig into the chart, the first area that will need to be beat is between $44,462 and $46,220, if this is won by the bulls here will most likely come and retest this same area as support. After testing this area I would expect a bullish movement up to the $54k area. If in fact we have a pullback to the lower range of the ascending triangle we seem to be in there is always the possibility that we head down and need to always have a plan for either way regardless of the likely scenario being an upward move. As you can see on the chart I have put these three likely scenarios here drawn out. The main bullish factor I have been looking at which I did not place on this chart as to give you all a better look at the structure is the impending MACD indicator cross up and major bullish news starting to come in across the board for the whole space. I hope this has helped identify some areas and you like the idea. Feel free to leave questions and comments below! Have a green week folks! Tell me what you think about some of the private ideas I have linked below. Savvy
by Savvythe1