A Traingle- Possible Breakout to the Downside!!If you look at the price action over subsequent periods you would notice price as been forming a triangle on the Daily chart, this could signal a breakout to either the upside or the downside. I choose for a short bias. Trading carries significant risk, make informed decisions!!
Traingle
Bitcoin BTC - Triangle Breakout coinciding with BAKKT launchThe usual breakouts for these triangles is within this box, 75% of the triangle is on the 22nd September. On the 23rd BAKKT launches.
Ive been assuming we trend sideways for 6 months, but i cant ignore this- I get the feeling a huge dump or pump is coming (NO IDEA WHICH) out of this traingle, I just found the BAKKT launch date all too convenient.
Time to buy a helmet and dig in..... itll be a hell of a dip to buy, but terrifying at the same time!
BTC Analysis DUMP or PUMP???As seen from the past few days Bitcoin is revolving around 9500$ -10200$ mark, which means is been stable in the range and also good for altcoins.
However, whenever bitcoin bounces back after the 9500 levels the altcoins get crashed badly.
With the formation of a descending triangle pattern, it more likely seems to go down towards the 8500$ mark.
But still, I see a room for Bitcoin the hit 10,000 as the money flow is in the ascending direction and on the top formation of the double bottom pattern.
If the candle closes below 9500$ the surely go for short!!!
NEO/Bticoin UpdateNeo is forming symmetrical Triangle Pattern Also showing SHort term Uptrend in the hourly chart.
After a successful BReakout, I would buy Neo also place a bid around 1130-1140 Sats in case if it retests the support line
Targets after successful Breakout
T1-1280
T2-1330
If move above these levels then easily it can touch 1400 Sats in Midterm
Note- This is not investment advice
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What is BTC doing and where is the market at?We have been completely respecting the fib 6.18 lately. I see there is a potential bull flag here but i am hesitant to jump on the moon ship just yet. The volume has been decent the past few days compared to prior action which shows a much more bullish scenario then bearish. We are in a 14 month bear market now with still no higher highs. We are clearly showing a consolidation zone which gives me hope. Also if you look at the 4hour candle you can see a falling wedge and per classic TA theory we would need to break above the falling resistance line with an uptick of the volume and finish off in the area of 3800-3950. Totally speculative because we have not made any higher highs in the macro. Just be careful the double bottom retest is still not out of play imo. Im still waiting for the capitulation to happen. On the weekly candle we still have the descending triangle formation in play with the descending resistance line with multiple lower highs.
Is LTC the leading indicator for the market right now? Keep an eye on what its doing! LTC is at a super critical area with old support from 2017 and new resistance on the weekly time frame. Is LTC showing we are running out of gas or about to punch through?
Have we had any new capitol come in or is this just recycled money thats already in the market? I havent seen any signs of life for new blood in months. Have a good day please comment and or direct message me to talk!
UsdCad long quick and nice 15 pips4h morning star
1h morning star early london momentum still moving up
higher time frames always win so need to trust
we have triangle formation waiting for break with our long bias from higher tf
we get a last kiss on 15m with lots of nice rejection dojis
one more push and rejection of down trend line and then a break with the 5m tf
also 30m ftr which was a larger picture of the last kiss
1-2 RR depending on entry and profit target
keep your charts clean and simple
once you took trade up to resistance / supply zone could have shorted for 15 pips and once again it seems on 15m hanging man doji
good trade overall, happy trading and trust the 4h signal
EOS - breakout is imminent!After a strong move down, EOS (and a lot other coins) have stopped in a tight range. Volume is almost nonexistent, which means that we're approaching equilibrium point between bulls and bears, and a slight move in either side will create a massive bull or bear run.
Currently, on EOS we can observe a symmetric triangle closing in. A neutral formation, generally. But in this case in might mean a trend continuation, i.e. create another leg down.
We are waiting patiently with long and short orders ready, all we need is a good volume to hop in.
There are no price targets on this trade. Trailing stop-loss is advised.
Thanks for tuning it, likes and comments are greatly appreciated!
BCHSV/USDT 33% Gain TRADING STRATEGIC
Chart Analysis: 15M-1H-4H-1D
I've watched how BINANCE:BCHSVBTC has been forming a continuation pattern, It could be interpreted either as symmetrical or ascending triangle, it also looks like StochRSI (15M and 1H Chart) is ready to move up for what I consider a 5th Elliott wave or C from a bigger correction.
Trade Management:
Trade entry: 92.00
Stop Loss: 90.00
Risk/Reward Ratio: 14.48
Target:
I usually have several targets(they are posted in my previous posts), but for this time ill just post one I calls Neptune if you zoom out the chart you will be able to see it.
Target: 120.00