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Breakdown

BTC Breakout OR Breakdown. 90 Day Chart COINBASE/USDHere's a 90 Day Chart that tells me that we're going to be in consolidation until April 2022. A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend. The pattern is also known as a wedge chart pattern.
COINBASE:BTCUSD
by alphamindset
Last attempt at the top 2 BART breakdown to $7700 expected.The levels I mentioned in the previous analysis remain valid however I feel I erred in the time frame of the move down to $7700. The move down however should have been drawn steeper taking us about 2 weeks. The price action leading upto and within the descending triangle seem to be indicative of a BART pattern with a breakdown taking us back to base of the pattern at $7700. The final spike of this pattern is likely to be the move up from $8400 reaching the descending yellow long term trend line. This point will be quite a symmetrical breakdown libel corresponding with the move up to the top of the pattern. Thank you for you’re time and attention. Please like and comment if you enjoyed my ramblings and even more so please comment if you disagree as honest criticism is what will allow me to grow. Peace to you all.
Short
by MuhammadZaeemMian
1
All CLIMACTIC Moves Aren't The SAME! - 05/19/20 RECAPHi traders, I took 2 shorts on Tuesday, both of them coming from a climactic move breakdown. I treated them the same and ended up walking with a small loss. We'll go over the minute differences and why I should've held the second one for longer! My Trades: 1) TGT - SHORT @123.92, -0.34% 2) MRNA - SHORT @73.82, -0.24% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: -0.58% Total PnL for the week: -0.63% Good trades, Tom | FINEIGHT
NASDAQ:MRNA
by Fineight
EUR/USD Post Trade Breakdown Hello Traders, Here I've got a Post Trade Analysis and breakdown on a trade I took for EUR/USD. Remember, this is a post-trade. Meaning this trade for me has ended so please do not take this trade as it is not current and I have closed my positions. This is just for educational purposes showing you what I did with this trade and what I saw. To start off I was Looking at EUR/USD on the 4H & 1H. I found a Rising wedge formation indicating I could see a short on the pair. I put this pair on my watch list and was waiting for the breakout. As we know a rising wedge in a downtrend does suggest a continuation in the previous trend. I saw a decent Zone at the top of the wedge around the area of 1.09916. After seeing a clean rejection of this zone price was sent back to the downside and this is where we found our break of the wedge. As you can also see I found a trend line. It was a weaker trend line but it still played a role in my initial analysis helping me see a possible rejection. Below I have an image on the 4H what I was seeing and then I have a further breakdown of the trade on the 30 minutes showing my entry points. Here I have a screenshot showing the 30 Minute time frame on my trade on EUR/USD. I knew I was looking for a trade and movement to the downside. My next step was finding entry points to enter this trade. As we know when looking at patterns we have to look for the breakouts of the pattern. We found our breakouts clearly on the 30 minute and 15-minute time frame. When I find trades on the 4H & 1H I find my entry points typically cleanly on the 30 Minute and 15 Minute time frames. Here I found my breakout of the pattern with two entry points. As you can see I have two zones marked up with Green. For my first entry on the trade, I found some Pin Bar candlesticks around my first green zone of 1.09370. As we also know when we see a pin bar at a resistance level it suggested to me a move to the downside. So this was my first entry on the trade. Now I quickly saw possible levels of support and resistance where we could see price slow down. (MY Second Green zone). My second entry point on this trade was at my green zone around the 1.09161 level. I once again saw a pin bar formation here at the resistance level showing a move down was in order. I made an additional trade entry at this point. Overall I caught 70 + Pips from my first entry and roughly 50+ from my second entry. Like I said this trade is now over and complete. If you have any questions on this trade breakdown and post-trade analysis please comment below or ask in the telegram!
Education
by loganMullinix
Bitcoin Has Reached The Resistance Of The Ascending WedgeSince reaching a low on March 13, the BTC price has likely been trading inside an ascending wedge, which is known as a bearish reversal pattern. It is approaching the end of the pattern, which is projected to be on April 9 the latest. I think the price will break down for several reasons: Volume has been decreasing throughout the pattern, which is common in descending wedges. The volume is extremely small in the current candlestick, even though that is a bullish engulfing one. This is a bearish sign that suggests a lack of buying power. The resistance line of the wedge also coincides with the confluence of resistance levels, such as the 50-day MA and the 0.618 Fib level of the entire downward move. This suggests that the price is likely to eventually break down from the wedge and head towards the $5900 support. Please leave a LIKE if you enjoyed the analysis.
Short
by BitcoinMaximus1
Adam & Eve Double top pattern testing the neckline; Fakeout zoneThis is starting to look really ugly for bitcoin now as we are testing the neckline of what appears to be an upward slanted adam and eve double top. If we are to trigger the breakdown here we have a target of 4600-4700 which would be a horrible sign for btc as it would suggest a lower low from are most recent bottom is in store for price action. However we must remember it was this same time of year in 2018 where we were charting an adam and eve double bottom and it too went all the way to the neckline acted like it was goign to complete only to fakeout at the very last minute and destroy countless longs positions along the way....so learnign from recent history, there is still a very real possibility this pattern could be trying to accumulate as many shorts as possible here at the neckline in order to confirm a fakeout out the last minute and wreck a ton of shorts like it rekt all those longs in 2018...for this reason we must remain level headed here not buy into the FUD and wait for clear confirmation of either the breakdown or the fakeout. the eve portion of this potential double top is also an upward slanted 4hr chart inverse cup and handle so if only that portion of the double top pattern were to validate it in itself has a breakdown target of 5k. I personally think however it is either going to validate the entire double top or nothing at all if it confirms the fakeout. If it confirms breakdown target = 4.6k. For now we are still in the fakeout zone.
COINBASE:BTCUSD
by DrDovetail
5