Descending Triangle
Urgent Bitcoin Update! Be aware of the following indicators!Guys,
I took the time to put out a special update this morning because of this! Please pay attention to what our charts are showing. I am not attempting to persuade you to any particular bias or sentiment. I simply want you to be aware of what I am seeing on the charts so that your can trade accordingly. Let's take a peek.
- Stew
TOTAL M.CAP IS AT DECISIVE POINT!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this TOTAL M.CAP update.
Total market cap is at crucial level now. It is forming a descending triangle pattern. Currently, it is at the lower trendline of the triangle. Previously, we saw a good bounce from this same level. So we can expect a bounce soon in the market it it holds this trendline.
if it breaks and close below the trendline then we will see more dump in the market. Keep an eye on next 4hr candle close.
What do you think about this?
Do you think we see a bounce in the market from this level or do you think that we see more dump.
Share your views in the comment section.
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Thank You!
Here's the predominant pattern to draw on your alt charts!Traders,
I am taking my time in this video. We'll do some analysis firstly, as always. And then I'll show you the predominant pattern I am looking to spot on the altcoin charts. I'll show you how to spot it and draw it so that you can do this yourself on your charts and catch those breakouts.
-Stew
P.S.-Since this was my first stream I made it private, thinking I could change the settings and title after I save the video, but this wasn't an option. Here's the video:
www.tradingview.com
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descending triangle US30 Evening traders. As you can see we have which looks like a descending triangle pattern on the hourly chart. We have multiple touches on the resistance line and currently moving downwards back to support.
We have also had multiple touches and breaks below the 0.382 fibonacci line.
What does this all mean? Well if we can get a close below 0.382 and stay below that level then we could possibly see another drop in the market to 32500 or perhaps even further.
If you agree or have another opinion then let me know down below
cheers
shaun
GMT Descending triangle$GMT is about to breakout.
There are 3 crucial S/R levels to watch.
If $0.87 breaks, may face a 42% fall as the next crucial support is at $0.44.
A bullish short-term sign will be if GMT breaks bearish trendline and flip $1.27 resistance.
I don’t recommend buying STEPN, it’s better to earn it via its app!
Current state of the market and Mina reportMina chart is forming a descending triangle (bearish pattern), nonetheless don´t means that the price is going down. On the contrary can easly break up. Even more RSI is making lower highs and higher highs while price is making the same lows (bullish divergence), meaning we are getting momentum. We also can argue that this chart is forming a inverted Head & Shoulders pattern (Bullsih pattern) espeacially in the shorter time frame (12h) wich gives us confluence.
We are seeing exhaustin signs of the bears in all markets. I belive we can see a relief rally to the target (marked in the chart) especially because BTC.D is facing a big resistance. Meaning 1)all alts and bitcoin have more fall ahead (alts disbelieve more than bitcoin) or 2)Alts will go up more and in a fastest way than bitcoin. In my personal opinion given the market conditions I think the second one is wich will play out in the near future. So i can start watching some alts to swing trade and day trade being Mina is one of them.
SAND DESCENDING TRIANGLE PATTERNSAND BINANCE:SANDUSDT is forming a Descenidng Triangle pattern....
I know that in Technical terms, it is mostly regarded as a sign of bearish pattern.... But sometimes it can be powerfully Bullish too!!
I think it might fool sellers when it make a pullback near Demand zone and might continue back to the 1st Target area...
If you can relate.... then please like and ask any comment you guyzz have!! (:
Gold formed a bearish descending trianglePrice action around 1867.64, which represents 38.20% Fibo from the decline that began on April 18th, is bearish.
Price formed a descending triangle and broke below levels of support 1840, indicating that the decline will continue.
However, due to weak momentum on shorter timeframes, we may see a pullback to test 1840 as resistance levels (where we could short) to 1780 dollar targets.
Descending Triangle with Minor Support and Long Term DowntrendJust an idea labelling my view and what I see, I tried to keep it unbiased as possible. I identified some local, minor, major, long term trend lines & support & resistance zones.
From those lines drawn up I noticed a descending triangle forming with the LTDT and the Major Support, also, the RSI has equalized from the most recent pullback, and has room for further downwards pressure. The price also broke down from the 50 EMA and was rejected after a retest, I believe this is a bearish signal. BINANCE:KNCUSDT
Descending triangle formation on BTCHi fellow traders,
There is a descending triangle formation on Bitcoin, this gives a good indication that we might be looking at a breakdown in the upcoming 2 months.
Support on higher timeframes seem to pick up around 25K, we could look at a free fall from 28K - 25K.
Happy trading ^^
FTX:BTCPERP
$BTC carving out a bearish descending triangle!* I last spoke about $BTC as it was about to break down from the bearish flag back in late April.
* It has since been on track to reach the bear flags measured objective.
* Right now $BTC is carving out a bearish descending triangle which indicates further downside.
* The measured objective for the descending triangle is around $17.5k; which lines up with the area I mentioned for the bear flag too.
Lets see how it goes.
APE short Idea1 ~ overvalued in bear market, this token is 2.1 b and hasn't dumped much compared to other tokens who did mostly 90% down across the board
2 ~ descending triangle (bearish)
3 ~ descending triangle resistance retest (bearish)
4 ~ crypto market no power for relief rally (bearish)
The possibility to go down is higher in my opinion
DESCENDING TRIANGLE ON BTCBINANCE:BTCUSDTPERP
$BTC on this season still on consolidation way at range between $28500 - $30500, but $BTC now showing to us the descending triangle which is that is signal on TF 1h and 4hour for bearish market still on going maybe $BTC will retest to level between $24000-$23000. Please DYOR before make your decission because this is just my speculation.
USDCAD SUPPLY AND DEMAND ZONES TO WATCH OUT FOR.USDCAD just broke out of a descending triangle on the 1HR TF. we expect price to rally down to 1.27900 DEMAND ZONE before moving up 1.2700, which is our SUPPLY ZONE. our (POI) is also the 0.618 fib level, and we are looking to short from here.
kindly follow back and leave a comment.
ALPHA/USDT LONG SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ALPHA/USDT TRADE setup. ALPHA looks good here.
ALPHA is breaking out from the descending triangle in the 4hr time frame. Expecting a big move from here. Buy some now and add more in dip.
Entry range:- $0.15-$0.16
Target1:- $0.178
Target2:- $0.194
Target3:- $0.226
Target4:- $0.242
SL:- $0.14
Use low leverage 4x-6x
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!