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Trianglepattren

BTCUSD - Daily Outlook Over the last couple of weeks Bitcoin has be trading in a sideways range consisting of a triangle pattern. Using time projections, we will have completed about 75% of this triangle pattern between June 2nd and 3rd. At that time we should anticipate price reuniting with the 21 day average which has not been checked in with since the 13th of May. After June 3rd we should anticipate price start to complete the E leg of the Bearish Triangle before breaking out in either direction. Current Bias us sideways to up.
CAPITALCOM:BTCUSD
by AsproTrader
2
MATICUSDT is forming a triangle 🦐The price created a double top on the daily timeframe. Ant the moment the price is forming a triangle. Matic is under the lent thanks to Polygon and DeFi. IF the price will have a breakout, According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
MLong
by InkyGrip
Upcoming BTC Long Entry Point1. If the triangle pattern continues like this, we will most likely see this happening. 2. The other secenario would be just consolidating here and eventually breaking through the 42k+ area. So the entry at 32.161$ would be a great time to go for a long, in both scenarios. 🚀 Drastically (+3.5%) falling below my long entry is very unlikely. Like if you agree 👍 Else I would be happy about constructive feedback; so let me know in the comments
BITSTAMP:BTCUSDLong
by noobyy
1
Bearish continuation pattern in BitcoinBitcoin is looking overall weak and done so over the last few weeks as it constantly seems to struggle with overcoming the resistance levels above. It is currently forming a bearish continuation triangle. If Bitcoin breaks out to the downside, which has a 70% chance of happening, then the technical target for this formation alone stands at $50,500. This does, however, by no account mean that the price cannot continue down further. That C-wave that we discussed last week is still very much in play. With that said, Bitcoin can still recover from this fairly scot-free as its pivotal tops and bottoms are still increasingly high.
COINBASE:BTCUSD
by LongLifeTrading
1
SOL broke out of DES/SYM Triangle, read to move forwardHello everyone, I hope you had a great week and have amazing weekend plans! Enjoy the good weather for those that are having it. SOL has appeared to break out of the descending triangle(its more descending that symmetrical IMO). MACD-X Both MACD and Signal lines are above 0 and are nearing a cross. When they do, it will be a big indicator to further confirm the prediction I believe. RSI(VOLX) My strength of volume is based on accumlation and distribution. These options can be changed FWIW. RSI has a steep upward slope. Str of Vol is also right there with it. STOCH We've already crossed and there is a nice gap between the K and D signal. Ready to move up. Sym/Desc. Triangle It appears the correction and consolidation period is over and late buyers who wanted out have sold and those that want in or want to buy are ready to start doing so again. I do not view the lower time lines from the Daily for long or much at all. I posted the 8H to just show more of why the triangle pattern I drew fits well into the idea. More data is all. But lower time lines freak me out with how much they show deviations. I hold for several days to weeks before finishing a trade. Here's the daily chart with indicators. We're not exactly on the DIP but with how SOL has moved in the past, right now still feels like a good time to buy. I have an active trade from todays candle. I predict we will come out of resistance with this uptrend in a day or so. Patience and avoiding FOMO is key. My execution strategy will come once i see the trend is above the ATH. I'll be checking the FIB ret to estimate where it might be headed and update then. Hoping for a large big wave 1 that continues to a 161.8% larger 3rd wave. :D Enjoy your weekend! Happy trading all!
BINANCE:SOLUSD
by Erialos
Silver possible runup watch out - the GOOD and the BADThe GOOD: We have a volume pattern that looks right. See my educational post "a TIP about Volume Reading". We have a triangle-up pattern on going. Price already did most of the correction to the side for some time. We MIGHT (and this is a big might) have wallstreetbets context and hype which can drive the price further up. See attached post below. Price already been at a price of 48, so it is not complete fiction. The BAD: It's silver... and thus it might move very slow up. In the "Wallstreets $35 OTM Call Options" - I discuss in detail the fundamental aspect of silver, why wallstreetbets have a hard time pushing the price up. Given all the above: The market wants what the market wants, if the price is trending up, then the trend is up. If you like, follow and don't forget to like it so it will be saved in your saved ideas for future refernece.
AMEX:SLV
by ZoharCho
19