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Bullish Pennant

Bitcoin - Please be greedy and FOMO in! Bitcoin is absolutely pumping heavily right now, and there is not too much time for you to jump in, so you need to FOMO in ASAP and be greedy! The pump is real, and if you think this is a scam pump and we are going to go soon to 14k, then ........... The next target for Bitcoin is around 29k! In one of my next analyses, you will see why this is a very important level, so make sure you follow me! Bitcoin is currently approaching a significant resistance level, which is the 0.618 FIB + start of the FTX dump + start of the GAP. It's possible that the bears will step in temporarily, so keep that in mind! There is of course a possibility of a retest of the rectangle pattern, which is at 18,400. Also, it's a breakout level of the major trendline from August. If you haven't seen my idea from January 5, where I told you bitcoin was going to exponentially pump, check out the related section down below. Everyone was bearish back in the day! There is absolutely no bearish divergence on the higher timeframes, and the uptrend looks extremely healthy and powerful! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. I share my trades privately. If we take a look at the end of the downtrend, we can spot a SFP (swing failure pattern), or someone can also call it a double bottom pattern. The neckline of this pattern is currently breaking out. A trendline from August is breaking out as well. From the Elliott Wave perspective, we are in the third wave of the third wave, which is the most impulsive phase. Also, you can see my Elliott Wave count on the chart, so check it out. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
135
Ethereum is about to explode! (brutal) Let's celebrate with me this massive upcoming pump on ETH! The chart is now extremely bullish, and in this analysis, I will tell you why! As you can see, the price is printing an ascending triangle on the daily chart. Ascending triangles are very powerful, especially at the bottom of the downtrend! From the Elliott wave perspective, this triangle is a nest with 2 impulse waves, which we can label waves (1), (2) and Waves 1, 2. This is definitely not a corrective pattern in this case. I am sure you have seen the huge dildo on Solana; what if I tell you that something similar may happen to ETH? I predicted this exponential pump on SOL 3 weeks in advance, so check out the related idea about SOL down below! We have a tremendous unfilled gap between 1352 - 1448, and the market wants to fill this gap, which gives us high confidence in this upcoming move. On the way up, we have basically 4 resistances. The first is the 1448 0.618 FIB + FTX dump, followed by the parallel trendline, the previous POC, the start of the GAP at 1545, and the 1680 monthly / weekly high. These levels are good for intraday trading. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Two scenarios are now possible. We will spend more time consolidating in this ascending triangle, or we will break out very soon! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
59
📈 4 Common Bullish Patterns🟢 RISING THREE "Rising three methods" is a bullish continuation candlestick pattern that occurs in an uptrend and whose conclusion sees a resumption of that trend. This can be contrasted with a falling three method. The first bar of the pattern is a bullish candlestick with a large real body within a well-defined uptrend. 🟢 FALLING WEDGE The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pull back, two converging trend lines are drawn. The consolidation part ends when the price action bursts through the upper trend line, or wedge’s resistance. 🟢 BULL PENNANT A pennant is a type of continuation pattern formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend line. Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. 🟢 ASCENDING TRIANGLE An ascending triangle is a chart pattern used in technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs and a rising trendline to be drawn along the swing lows. The two lines form a triangle. Traders often watch for breakouts from triangle patterns. The breakout can occur to the upside or downside 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work , Please like, comment and follow ❤️
Education
by QuantVue
30
Bitcoin Bogdanoff - Can this pattern predict the bottom? The Bogdanoff twins claimed they participated in helping Satoshi Nakamoto build Bitcoin. Is this true or not? Let me know in the comment section right now! The question is, can this weekly chart's falling wedge and bullish flag predict Bitcoin's bottom? I think it's definitely possible and maybe even likely! Bitcoin is still very weak compared to the stock market or gold. A lot of people hate Bitcoin and spit on it as well. This is one of the possible Elliott Wave counts that can predict the bottom as well. As you can see, the previous impulse wave from 2018–2021 was pretty much a textbook wave. What traders usually do is wait for a bearish retracement to buy the DIP. In other words, they wait for the ABC correction to enter the market. In the current situation, the ABC correction is still developing, and we need at least one more huge swing low to complete this pattern. At this moment, it looks like an impulse wave and we don't want to buy it. The 0.618 FIB of the previous impulse wave, as well as the start of the POC on the volume profile, make 10 300 USD a strong support.I would not be surprised if the market takes liquidity below the previous swing low of 9825 USD. I really want a bull market because everyone in crypto is toxic, and of course I don't like it. I like it when the majority of people are happy. Also, I want to open an investment position on bitcoin, but not now. Maybe the bottom is in and we will go up from here, but I doubt it. The likelihood is now around 25%.I am waiting for the main yellow trendline to be broken before I can change the probability to 70%. If you disagree with me, let me know in the comment section why. I look forward to your comments! For more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
61
OIL to 62! This has never happened in history! USOIL is breaking down! The trendline from 2020 has been destroyed by the bulls recently, and we can free fall to 61.76 without any problems. On the monthly chart, you can see a falling wedge, and all patterns should be retested. This is a chance to retest the wedge on the breakout point at 61.76 or even lower at the trendline. This chart is totally brutal, and I am very happy to see such huge volatility. What goes up should come down in the same way. Oil was traded at negative levels in 2020, which has never happened before in history. Why did it crash? There are a lot of speculations. For example, they wanted to wipe out all the long positions on the futures market, so it was a huge manipulation. Why not? Tell me in the comment section right now! The breakout point of the trendline + the POC of the previous structure + double bottom + high liquidity zone make 61.76 a strong resistance. No one is providing you with such a strong and detailed analysis as me. Don't forget to share this analysis! If you do not buy oil at 61.76, then I am not saying anything! There are lots of stop-loss orders below this swing low that need to be taken. If we take a look at the recent 2 monthly candles, we can see "shooting star" + "bearish engulfing" candles. This combination is extremely bearish; the likelihood of further decline is high. Check out my related ideas about GOLD and EURUSD in the related section down below! It is critical; you must see it! For more ideas, hit "Like" and "Follow"!
TVC:USOILShort
by UnknownUnicorn2537518
44
AAPL | 4-Wave Triangle Analysis | 5-wave Projection +50%Price action and chart pattern trading signal > A bullish scenario 4-wave triangle with a local bullish pennant breakout in triangle formation - D-wave uptrend > price bullish momentum SMA20 X SMA50 and MACD X baseline > Target 5 wave @ bullish pennant pattern = 1.618 extension of current 4-wave +50++% from expected E-wave support line. > Stoploss @ C or A wave position -10% > Risk reward ratio: 5:1 Always trade with affordable risk and respect your stoploss, nothing 100%.
NASDAQ:AAPLLong
by dukeposh
Bullish Pennant on EUR/USD @ D1This chart shows a bullish pennant on the daily chart of the EUR/USD currency pair. It provides a bullish breakout opportunity. The pennant and its pole are shown with the yellow lines. My potential stop-loss level is marked with the red line (1.02706), it is placed at the low of the pennant area. My potential take-profit level is marked with the green line (1.08170), it is placed at the pole's length above the SL. I will wait for the price to close significantly above the upper border of the pennant area to execute a buy trade here.
Long
by AndriyMoraru
1
KBANK | Wave Analysis | Bearish Projection Diagonal 4-wavePrice action and chart pattern trading > A 2 conflicting pattern with a bearish move from the larger Head & Shoulders pattern and a bullish one with current bull pennant. > The larger HS pattern could be overshadowing the smaller pennant pushing the price lower - SMA20 dead crossed SMA50. > A strong symmetrical resistance; upper volume profile, price resistance, and SMA200. > This 4-wave diagonal projection is based on the unsuccessful breakout scenario with an upcoming C leg downtrend extension 0.786 - 1.0 approximately - 10 - 15% downside. > A bullish scenario is based on the successful breakout of bull pennant and SMA200 targeting the previous 3-wave high with a +20% upside. > Indicator: bearish MACD signal crossing below the signal and baseline Always trade with affordable risk and respect your stoploss!
SET:KBANK
by dukeposh
✅Bitcoin - Secret pattern no one is talking about! Not 13,000 USDT, not 12,000 USDT, but I think 10,000 USDT or 9,500 USDT can be the bottom for Bitcoin, and this is a very optimistic scenario! As you can see, the bears yesterday successfully broke the key market structure that had held for almost 6 months. Bitcoin is now in serious trouble, and 3,000 USDT is now at play, believe it or not. A 5-year or 10-year bear market (crypto winter) is also possible. Maybe the 17k that was hit yesterday was a temporary bottom; it's possible, but I don't think so. The temporary bottom will be around 14k, when everyone will be buying, and we will have a massive false uptrend. The chart is printing a falling wedge, but this wedge is incomplete, and we need much more time to spend on this pattern. From the Elliott Wave perspective, an impulse wave was printed yesterday, which is a disaster, that's for sure. A support of 10,000 USDT is very strong. I expect a significant reaction here because it is the 0.618 FIB of the previous impulse wave + the previous head and shoulders neckline. A lot of big players will get liquidated during an upcoming crash, like LUNA, FTT, and so on. The only good investment is BNB, let's be honest! At least it's holding its value. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
67
Bitcoin - The strongest support right now! 0.618 FIB Today I woke up and saw a massive red dildo and I have to make an update and give you an idea, so keep reading! As you can see on the chart, the price went down pretty significantly, but is it really a problem? I don't think so. I detected an impulse wave that was completed a few days ago, and we are retracing this wave. There is nothing wrong with that. Currently we are at the 0.618 FIB retracement, which is a classic correction for an impulse wave (1). The 0.618 FIB is a very healthy correction and usually the majority is selling while the smart money is buying. If you think Bitcoin is going to 13k, let me know in the comment section. Counter-trends are usually very steep, which can be seen on this chart. Bitcoin is very weak compared to altcoins, very weak. This is an indication of an alt season to me. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
93
Bitcoin - Next week will be extremely bullish! It looks like next week will be extremely bullish for Bitcon and also for the altcoins! Price is currently moving in the ascending parallel channel, so the bulls have strong momentum. As per my Elliott Wave analysis, the first impulse wave has been completed, and I expect another 2 impulse waves to the upside. 23 000 USD next week is definitely possible! There are no gaps that need to be filled on this chart, which looks safe. The chart is printing a bullish flag, so wait for a breakout for confirmation! I wish you massive profits! I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
110
✅Crypto - 2014 trendline is holding, open your eyes! This is technical analysis; I don't care about interest rates or fundamentals! Leave this analysis if you care about wars, covid, inflation, interest rates, and so on. 95% of people will never buy at the bottom and never sell at the top.  These people will tell you we will go to 13k. When we reach 13k they will tell you we will go to 10k. When we reach 10k they will tell you we will go to 6k. When we reach 6k they will tell you we will go to 3k. When we reach 3k they will tell you they will buy at 1k and so on. These people will never buy during the bear market; they will buy at the top instead! As you can see, the chart is extremely bullish. If you don't see it, then you are probably shorting support and longing resistance all the time.  This is really not the best time to be bearish. If we drop below the main specific support, then I will quickly switch my overview on the market. There's nothing wrong with that.  I am not a permabull or permabear. You know me well; today I can be bullish, tomorrow I will be bearish, and in two days I will be extremely bullish again.  It doesn't matter if I am wrong and Bitcoin goes to 13k. I can be right only 50% of the time with RR 1:2 to be profitable. I take swing trades with RR 1:20. I think 2023 will be a very bullish year for the crypto market, but you need to hold good coins. Forget about ADA, SOL, XRP, DOT......These coins will pump, but not next year. If you are bearish, tell me why in the comment section down below!  Which coin do you want me to analyze? Let me know in the comment section! For more analysis, hit "Like" and "Follow"!
CRYPTOCAP:TOTALLong
by UnknownUnicorn2537518
84
❌APT Aptos - Be careful, do not buy this coin! I see multiple warning signs on this chart. It looks like a lot of traders bought this coin on the spot market and also longed this coin on the futures market to get rekt. The price action is absolutely bearish on the APT coin. I strongly suggest staying away from this altcoin. You can probably buy it at 1 USDT later! The bulls failed to do an impulse wave, which is a disaster. Also, we can spot a triangle, which you do not want to see at all if you are a bull. From the fundamentals perspective, APT is likely a great coin. That's why I recommend buying APT at much lower prices. This is just a quick update on this coin and my opinion. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
54
✅Ethereum - No one is talking about this! It's been 41 days since the merge. If Ethereum was still on PoW, there would be up to 488,000 ETH that miners would be able to dump into the market. Instead, net issuance is only 1,300 ETH since merge and stakers can't sell any of that yet! This is absolutely bullish. Hit the like button if you didn't know that, because no one is talking about it! As you can see on the chart, there is an ascending parallel channel, which is really great for a potential profit target or a sell short opportunity. This channel is on the LOG scale, but you can also draw it on the linear scale. Both are valid, unfortunately. According to my Elliott Wave analysis, a previous extremely strong impulse wave gives us a great chance for a new swing high! Also, the correction has been clearly completed as a double ZigZag. The price is above the blue trendline and do not be fooled. This trendline is much longer than you can see on the chart, but I am unable to show you on this daily timeframe. It looks like November will be very bullish for the crypto market, which is really great, isn't it? Look at my ideas about Bitcoin and 0% inflation in the related section down below! For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
48
✅Bitcoin - Last chance to buy under 20k! This is your last chance to buy Bitcoin below 20,000 USDT before it explodes to new all-time highs!  An inverse head and shoulders pattern is currently breaking out! The price is above the neckline, and you could wake up to a massive green dildo on the chart any day now.  If you are pumped, hit the like button right now!  Don't forget that November is the second strongest month for Bitcoin, with an average return of +21%.  The Elliott Wave is currently extremely bullish because we have completed an ABC correction for a previous impulsive wave and now we are preparing for a third impulse wave, which is usually the strongest.  If you are bearish, then comment on this idea!  The next stop is 30,600 USDT, which is a reasonable resistance. It is the head and shoulders measurement target + the previous symmetrical triangle point of control (POC). I expect a temporary downtrend from this level. Inflation is on the way to 0% in a few years, as per my previous analysis, which you must check out in the related ideas down below! We can hit a new all-time high next year. It's definitely a possible scenario, so you don't want to miss this upcoming huge move. If you think this idea is interesting, then you should hit the like/boost button. Thank you!
Long
by UnknownUnicorn2537518
174