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Consolidation-breakout

BTCUSD - short term upside potentialBITSTAMP:BTCUSD has been trading in a downtrend for quite a while and had many investors worried. It is still in an overall downtrend but looking at lower timeframe, it seems to have stalled for now and looks like it could make a short upside move if it succeeds in breaking the resistance level. On a daily timeframe, price is consolidating near the resistance level 17240. Volume is also gradually decreasing. On 3H timeframe, price is making a triangle pattern and almost ready to breakout from it. You can also notice reverse head and shoulder structure and upside price moves with volume spikes. It indicates a presence of demand and we could see a nice short term move up to 18150. Share your thoughts in the comment sections. Happy and safe trading! :)
BITSTAMP:BTCUSDLong
by PriceActionTrader1
HEROMOTOCO - Bullish Consolidation BreakoutNSE: HEROMOTOCO is closing with a strong bullish consolidation breakout candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:HEROMOTOCOLong
by BrahmaBull31
NAVKAR - Bullish BreakoutNSE: NAVKAR is closing with a strong bullish breakout candle supported with volumes Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days which is indicating demand. One can look for a 9% to 13% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade Disclaimer: This is for educational purposes only.
NSE:NAVKARCORPLong
by BrahmaBull31
1
BTC UPDATE! $18K INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC rejected from the $16.8k level and made another LL around the $16k level. Why does BTC go to $18k from here? * BTC already breaks out from the falling wedge-like structure and currently consolidating above the triangle. * Producing a bullish divergence in RSI in a 4hr time frame. * $15.8k$16k is a very important area to hold. * Currently, BTC is consolidating above the $16k level and throwing out from the market who have less patience and use high leverage. Once it is done a bullish rally up to $18k is highly possible. Invalidation:- 4hr close below $15.8k level If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
10
BTC POSSIBLE DIRECTIONS CLEAR PICTURE Hy my name is rukhshan warraich . Lets take a top-down (htf-ltf ) approach to analyze bitcoin next movement . 1w-1d-4h a) Technicals lets first consider 1w data : btc currently ended the h&s pattern but the price target area has not been touched yet that is a bearish movement (which is around 11000 per bitcoin ) left shoulder of the h&s pattern is higher than the right shoulder which makes it more accurate and valid to have a bearish movement . curently btc is in consolidation phase where bulls and bears have no proper control over the price . the next major technical support is at 11800 (very bearish move ). 1d data: btc formed bearish flag (18june - 15 august ) and then showed a bearish move (almost -5800 usd down ) curently forming a descending triangle is till now playing good .(bearish pattern ) support is well kept but the price at support is fluctuating (17700, 17400 , 18200) big picture shows btc is making a double bottom pattern with a price target of (24500 , 28000) which looks not posible considering the economical conditions . so the last hope is that it holds the support or loose it to confirm the very bottom . halving is in 2023-2024 and considering economical conditions and inflation bull run is not possible. 4h data : symmetrical triangle which can break from top or bottom (not confirm yet but most likely to the bottom ) b) fundamental analysis : elsalvador is thinking of not buying more bitcoins as 70% of the population voted against buying more bitcoin. maybe elsalvador will sell causing more panic . market has not much reacted to good news so far . sentimental : people needs to withdraw money because of inflation and economical crisis . conclusion : considering all these points , btc can still take a relief rally till (19700-21000) but the overall market is still bearish . like , share & comment .
by xairuq
2
Here We GoHi everyone, In my last post, I was explaining how we might still be bearish and how we might make a pullback to the upside for BTCUSDT. Looking at the price, we just broke above the trendline shown above which represents the resistance for the area of consolidation. In other words, we are looking at a breakout. Since we are retesting the higher time frame (H4) previous highs, I am really interested in the 21100 level, where we might see some consolidation. The main reason I think this would be an important level is that it is in confluence with previous H4 lows above the price we are at right now, as well as the 0.382 Fib level considering the last upward move and the 0.5 Fib level considering the last downward move. The direction of the trend will be determined by the breakout from the next consolidation level.
Long
by yassin_khanji
10
Consolidated Support & Resistance 1 WTF//TTK Prestige*It is a consolidated Support and Resistance as you all can see! *Also marked the previous move of the Trend by forming the almost Identical Flag-Pattern. *Broke both the 20 & 50 EMA's with a good bullish momentum, that made our stop-loss clear! *i.e., the ideal S-L would be around the previous week Green Candle. *Let the trend take a little retrace, then take the position after your own Analysis and Due Diligence *The trend is bullish as of now but the momentum purely depends upon the next week's opening and close.
NSE:TTKPRESTIGLong
by AxionAjay