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Descending Triangle

ADA USDT SHORT (15) This is not a trading or business advice ------------------- Good morning everyone, I Being a personal Holder of Cardano since a long time now, but currently the recent moves of BTC and the market (thanks Elon & Cie) means for me a deeper correction (for the middle short therm). And its great for us. This means it's a great relief for the coin after this first run, and this also means its a great entry point for you for the futur. For cardano we could be dealing with a descending wave (there is still some intermediate support), if we put the height of the downwards triangle this gives us approximately the big support zone around 1.60$. ENTRY : 1.99 - 1.65 STOP Below 1.60 if we break (UP) and confirm to the north in the next few hours this analyse is invalid. if we break below 1.60 (unlikely) .... no comment
Short
by celiomark
1
I suspect SPX will end up like BTCAnd I just need some indicator confirmation before pulling the trigger on some puts. I don't want to crow too loudly, but lots of crypto analysts on Tradingview and/or YouTube have been posting temperamental TA when they wake up, see a candle, and feel compelled to post an update to their TA. Whipped around all over the place as BTC zig and zagged. Many did not zoom out and have forgotten how to look for bull traps. And a lot of these guys are good, I have seem then call bull traps before. Some of them even saw the bearishness but hand waved it away because "we are in a bull market" and a couple of them got liquidated due to stops being too loose. And I stood on my BTC short call, like I am standing on the over-all bearishness of the S&P and Nasdaq and everything else for the next while. BTC on the right had a perfectly predictable bull trap due to wedge support support flipping as resistance and hidden bearish divergence on the histogram, and all the other stuff I went into on my linked ideas Likewise a bull trap on SPXUSD can be very predictable. I have SPXUSD up because it has more price action than SPX or SPY. There are some dissimilarities based on percent gains and slope of the resistance and somewhat concerning, it doesn't look as "wedge-ie" as BTCUSD due to the whitespace. What is similar: Rising wedge broke down Very similar resistance zone (in blue) I will be watching for price action to go to the blue resistance zone and the wedge. I expect price action to thrash around there for a while and then dump. The most ideal thing I could see is there to be hidden bearish divergence from the peak that is about to form to the SPX all time high, and then! classic bearish divergence within the peak, such as a second retest of the wedge after a small dip. The media will be near schizophrenic trying to come up with news stories and will be contradicting themselves all over the place. But I am not going to be caught flat footed by some tweet by Elon or some bungling statement from the "President." sidenote I see a potential descending triangle on BTCUSD... It isn't the main point of the post but still, it means that BTC can bounce and meander around resistance for a couple of weeks even, alts can resume going crazy, and then the rug gets proper pulled. I did a quick skim of some of the BTCUSD ideas and could not see anyone eyeballing the same potential pattern, so I thought I would throw it out there.
FOREXCOM:SPX500Short
by This_Guhy
1
💥ETCUSD - SHORT TO $90 THEN LONG TO $140Price is presently in a symmetrical triangle. Price broke the supply zone downward. Therefore, I expect price to pull back to $118, short to $90, then long to $140. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it useful🥳 Also, kindly cheer me with coins if you like my work. Follow me to receive more updates on this pair🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓 NB: If you have any question for me or you would like to learn forex trading, improve on your technical analysis skills, DM me.
BINANCE:ETCUSDShort
by PetrockFxTrading
10
BTC bullish movement in 3 small levelsLevel 1 - breaking out of the descending triangle, which could act as a continuation pattern for BTC with a target closer to 59.5k(approx) Level 2 - There is a strong resistance zone above level 1, if we break this zone, then the price is going to walk towards ATH approx 64800k Level 3 - If the price breaks above this, BTC will record a new ATH in its account. What do you think about this? Your comments and views are more than welcome! Thank You! Disclaimer: These are only my observations, please do your own research before following anything blindly. Due to its volatile nature, anything can happen at any time.
COINBASE:BTCUSD
by fullofsoul3
1
Dogecoin Retracement The Dogecoin hype being lead by Elon Musk will potentially continue through the remaining months of the Bull-run to a final price target of $1. Before we continue to trend higher, a correction is due for Dogecoin while other altcoins increase in capital. The MACD crossover is indicating the sellers are now regaining control of the price after an extended uptrend. The RSI also presents that DogeCoin has been in a overbrought state and was previously supported by the upper 70% line on the RSI, however this level of support has currently been broken and failed to break back above 70% on the retest further indicating the probability of a retracement is likely. The price target for this short position is taken from the largest point of the descending triangle and placed below where the point of breakout. $0.445 which is the 0.618 fibonacci level which previously acted as resistance when DogeCoin created an all time high.
BITTREX:DOGEUSDShort
by Rogez