Get started

Triangletradingincrypto

XEM/BTC - 625 sats Hey everyone! Consolidation leads to? Here is a great example where the price just seems to be getting that last fuel before moving up. The RRR (Risk-Reward-Ratio) of this setup is considerably high, so the probability of failure becomes greater. Nevertheless, a worthy look as you can always chose to downsize your risk. Lastly, not how the POC (Point of Control) is acting very clearly as resistance. Now we just need to break it :) Take care, Vlad The Crypto Trader
XLong
by Be_Independent_Tribe
BTC | 5 Possible BTC EntriesTraders, all is not lost. Seems like we have experienced the breakdown in the triangle formation from the past few months. That 20% drop in price 2 days ago was well...crypto at its finest. BUT as well all know...opportunities are made in times of turbulence. Listed below are 5 possible re-entry points into BTC: 1. 9478 represents the 0.382 Fibonacci support level we have relied on during the triangle formation. But that was broken through. hard. If prices bounce back through it, look to buy back at that price. 2. 8349 | Prices for the past 3 days have been bouncing off the 200 D SMA. Looks like a good support level for the time being. 3. 7555 | This was the support level felt from June 4 - 10. Large possibility that prices could use this as support once again. 4. 7022 | This level represents the 0.236 Fibonacci support level. Buy here if you believe in the Golden Ratio 5. 5408 | This level represents the worst case scenario of the triangle breakdown. Let me know your thoughts!
BITSTAMP:BTCUSD
by jiamijiang
BTCUSD+SimetricalBottom+???=[PROFIT!]Hey guys, I want to share this idea with y'all. I think we might be undergoing a symmetrical triangle, which would breakout downwards. I believe we might test 3000's level, and if it breaks, possibly will go down to 2500's level. Those levels are ranges calculated by Weekly, Daily and 4H supports/resistance. I won't give entries this time, because it might be a bit weird. If it breaks the top resistance at 3850, it could do strange things. I would prefer to wait for a candlestick pattern closure before going into shorting 3850/3950 or not shorting at all :P Anyways, below 3500 I would be shorting. I'm going to update this idea :) Below you have a sum up of a nice encyclopedia :P ///////////// Encyclopedia of Chart Patterns, Thomas N. Bulkowski, John Wiley. Triangles, Symmetrical Bottoms. Downside Breakouts. Appearance: Prices trend down then form lower highs and higher lows following two sloping trendlines that eventually intersect. The breakout is downward. Reversal or consolidation: Short-term (up to 3 months) bearish consolidation Failure rate: 2% -> 5% price upward. Average decline: 19%, with most likely decline being 10% Volume trend: Downward Premature breakout: 16% Fullbacks: 57% Percentage meeting predicted price target: 57% Surprising findings: Triangles with high volume breakouts show larger losses. Fullbacks are more likely to occur after a high volume breakout. ///////////////////
BITSTAMP:BTCUSDShort
by BiO-618
BITCOIN HORIZONTAL TRIANGLE ANALYSIS (PAY ATTENTION JUNE 21-24)Currently, Bitcoin is in a horizontal triangle and can break out either way before the apex. Hence pay attention to the market until 24th June (apex). It would be most beneficial to buy when the breakout is confirmed to be bullish (ie. bullish trend). It will be risky to buy as soon as it crosses the lines of support and resistance as it may just reverse! One thing to note is that 30 million dollars of bitcoin were hacked. This shouldn't actually affect the price but the public might freak out which will cause prices to drop. Normally I would predict a bullish trend but with this hack, I'm really not sure. Still fairly confident it will be bullish but make sure to invest only after there is a proper trend outside the triangle. Please like/ give feedback. Still new to this
COINBASE:BTCUSD
by rylest370
A Triangle speculationA speculation on ta triangle formation for observation... I think its going to breakdown as a net effect because of the bearish bat and gartley thet formed behind as i have posted in my 3 previous ideas... I spotted the potential triangle d=formation in the 5 mins chart but as i cannot post the time framehere i will update th 5mins observation in the below updates... Will be interesting.. Also note the price is playing int he PRZ of the bat and the gartley ..
BITFINEX:BTCUSD
by capsule91