Reversaltrend
BTCUSDT Trapped in a DiamondChaikin Money Flow oscillator hidden divergence suggests price action has peaked at supply zone. H4 Overbought. Price trapped by throwing-over diamond top chart pattern by overnight but printing lower high, validating wave (ii). Expecting a profitable impulsive swing downward towards 14.6% Fibonacci retracement level amid 27970, completing wave (iii) @ local demand zone for a potential reaction with anchored VWAP from ATH, i.e. 7% drawdown to a short-term 2D swing trade. Whales maybe sell bulls confidence.
BLNK - Strong Uptrend and Retracement Reversal (Etoro Portfolio)The price has three times reversed from MA20 (orange) after cross above MA50 (blue), it had formed a pin bar at MA20.
Energy sector and high IBD's Relative Strength rating = 99 and industrial group rank = 1/197
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Best Altcoin for ShortTerm | 450%Reversal for STORMBTC is very likely to occur. This analysis is supported by Technical Indicators, Trend Lines and Harmonic Support.
(Review) Definition trend and change of trend ( Trend reversal)(Review) Definition trend and change of trend ( Trend reversal)
EX:
Discussion:
Downtrend - Definition
A downtrend comprises a repeating sequence of:
1) A downward extension
2) A swing low
3) An upward pullback
4) A swing high
A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend
Uptrend - Definition
An uptrend comprises a repeating sequence of:
1) An upward extension
2) A swing high
3) A downward pullback
4) A swing low
An uptrend ends when price breaks the swing low which leads to the highest swing high of the trend
EX: Prior analysis ( Downtrend)
- Countertrend
- Reversal trend:
- Downtrend forming=> Sell
- Continuous downtrend
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(Review) Definition trend and change of trend ( Trend reversal)(Review) Definition trend and change of trend ( Trend reversal)
EX:
Discussion:
Downtrend - Definition
A downtrend comprises a repeating sequence of:
1) A downward extension
2) A swing low
3) An upward pullback
4) A swing high
A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend
Uptrend - Definition
An uptrend comprises a repeating sequence of:
1) An upward extension
2) A swing high
3) A downward pullback
4) A swing low
An uptrend ends when price breaks the swing low which leads to the highest swing high of the trend
EX: Prior analysis ( Downtrend)
- Countertrend
- Reversal trend:
- Downtrend forming=> Sell
- Continuous downtrend
Please support the setup with your likes, comments and by following on TradingView.
Thanks
Bitcoin Update : Yet another Bull Run ScenarioOn our latest update on Bitcoin yesterday we said that there where 2 possibilities to happen which were easy to guess. Our "most likely" scenario take the stage and Bitcoin retraced to 6.8k level and re-bounce again. It seems the it tested the support level on both the 10k to 5.7k retrecment and on 8.5k to 6.7k retracement levels. It seems we are again in a possibility to see Bitcoin testing the strong resistance at 7.4k level. If it can break and close above the stated resistance level we might have a big possibility to start a leg up towards the 8.5k level. In addition to this all the setups on the May chart pattern before we see the big downward trend are showing themselves again on this weeks Bitcoin chart pattern. Besides in our 4H chart Bitcoin created a falling wedge pattern once again which can be taken as one additional potential indication for the uptrend startup till it finds a consolidation area. Stay tuned to our channels to get more updates. Don't forget to give a like if you agreed with this idea. or put your comments below if you disagree on it.
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Monaco BreakoutMonaco breaks its trend and confirms a reversal trend and in an uptrend elliotts wave. RSI is showing a positive output and the uptrend already breaks the first strong resistance at 23.6% fib level.
Buy Zone : 124000 sats - 132200 sats
Possible Short Term Targets :
Target 1 : 117800 sats
Target 2 : 143800 sats
Target 3 : 164900 sats
Target 4 : 185900 sats
Target 5 : 215800 sats
Target 6 : 215800 sats
Good Luck.
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Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.