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W-pattern

🔥 MATIC: Preparing For A Bearish MoveMATIC has yet again rejected from the main bearish resistance that has been plaguing the bulls for years. I'm not sure if we will go all the way down, but in case we do, I want to be prepared. I'm eyeballing the bottom support as a major area of buying, therefore I'm going to be patient until this area has been reached. Bears can play, but bulls will in the end win. With a stop below the October lows and a target at the all-time high we can construct a highly profitable trade. Patience.
MLong
by FieryTrading
6
🔥 Bitcoin Bullish Support Holding: Wait For Break OutBTC has been consolidating for over a week at this point. Some form of consolidation was to be expected after the massive move from 36.7k to 44.7k. To me, it looks like BTC is bouncing off the bottom support yet again. This support has been holding for over 3 weeks now and was due to be retested. I'm waiting for the price to reach above 42.2k to confirm the break out through the top resistance, short term target placed at 44.7k.
Long
by FieryTrading
25
🔥 Bitcoin Bulls Are Back: Faked Out Bears In my most recent BTC analysis I discussed a potential break through the top diagonal resistance. This signal got cancelled because BTC fell through the bottom support, but this ended up being a fake out. Bears thought they got the overhand, but apparently not... Previous signal is being reactivated. If we can close a 4H candle above 42,750$, I'm interpreting that as a break out through the top resistance of the triangle with a target of 44,700$. Furthermore, this break out could be the final break out of the consolidation period we've seen over the last two weeks. Things can heat up going into the new year, with the period between Christmas and NY historically being bullish.
Long
by FieryTrading
4
Final SPX Short This Index has continuously been going up at a high-speed rate for the past seven weeks. However, after this analysis, I believe this will end very soon, and we will see the start of a market crash for the SPX500. H4 is Severely overbought with a lot of divergence, and there is a triple top to show resistance. There is finally a pattern on Weekly that has never occurred before, thus giving this trade a better chance of success. We will try to sell at the high of 4735 and expect a tremendous ROI.
SP:SPXShort
by JD_TeenTrader
DXY (US DOLLAR INDEX)Hello traders! The dollar index (DXY) in the 15m timeframe is in the (RISING WEDGE) pattern. Wait for the line break to confirm the scheme. The price retests the level of 101,750 and then the complete completion of the scheme begins. Rising to the level of 102.470. Be patient and wait for the breakout to enter the trade. Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
CAPITALCOM:DXYLong
by THP-Forex-Academy
🔥 QI Huge Risk Reward Signal: RSI Reversal PlayQI has been one of the major movers of the last two weeks. Two hours ago, the RSI has hit oversold on the hourly for the first time since several weeks. This signal is based on the idea that bulls will be hopping back into this token and push it upwards. Furthermore, the oversold RSI has occurred at the support level, further reinforcing the reversal narrative. Stop under the oversold-RSI-low. Target at the recent top. This allows us to create an amazing trade with a huge potential pay out.
Long
by FieryTrading
13
🔥 Bitcoin Successfully Bounces: Bulls Kept StrongTwo days ago, just after the big liquidation which took us from 44.5k to 40.3k, I made a post where I argued that there were no worries for the bulls as long as the bottom support held. Around 40 minutes ago, there was another FOMC interest rate decision in favor of the bulls. Stock markets rallied and BTC followed suit. Crypto is rallying back towards previous highs. The key giveaway was the oversold RSI on the 4H timeframe. Last few times this happened we saw a swift recovery to new highs. As explained in previous analyses, 48k is still my target for this year, given that the bottom diagonal support will hold. Good job bulls.
Long
by FieryTrading
17
What is the ( Flag pattern) ?A flag pattern is a technical analysis chart pattern that can be observed in the price charts of financial assets, such as stocks, currencies, or commodities. It is considered a continuation pattern, indicating that the prevailing trend is likely to continue after a brief consolidation or pause. The flag pattern is formed by two main components: Flagpole : The first part of the pattern is a strong and sharp price movement, either upward (bullish flag) or downward (bearish flag). This initial move is known as the flagpole and represents a strong surge in buying or selling activity. Flag : Following the flagpole, there is a period of consolidation where prices move in a rectangular or parallelogram-shaped pattern. This consolidation phase is referred to as the flag. The flag is characterized by decreasing volatility and typically forms a channel or a rectangle. There are two types of flag patterns: Bullish Flag: The flagpole is an upward price movement, and the flag is a downward-sloping consolidation. This pattern suggests a temporary pause in the upward trend before a potential continuation. Bearish Flag: The flagpole is a downward price movement, and the flag is an upward-sloping consolidation. This pattern indicates a temporary pause in the downward trend before a potential continuation. Traders often look for flag patterns as they may provide insights into the market sentiment and offer potential trading opportunities. The breakout direction (up or down) from the flag pattern is considered a signal for the potential future price movement. However, it's important to note that not all flags result in a continuation of the previous trend, and traders often use other technical indicators and analysis to confirm signals and manage risk.
BINANCE:BTCUSDEducation
by CryptoSphereTG_1
🔥 Bitcoin Inverse Head & Shoulders Pattern: Bulls Taking Power In yesterday's analysis I argued that Bitcoin's bull-trend is far from over. The short-term trend is still in favor of the bulls, but only as long as the bottom support held. As of yesterday, BTC has successfully bounced from the bottom support and is currently underway of forming an inverse head & shoulders pattern. The pattern has not yet been confirmed, so please wait for a move above 42,150$ to confirm the break out. In case of a break out, I'm looking at the most recent local top as my primary target: 44,500$.
Long
by FieryTrading
3
Eur/Usd (1h)Hello traders! It is clearly seen that the couple has broken the line. In my opinion, the price will go to test the level of 1.0800 and then a decrease to the level of 1.0755, where this level will bring a confirmation for an increase with a target of 1.0965. Be careful, as Wednesday is the FOMC. Be patient and wait for the break to enter the trade. Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
Long
by THP-Forex-Academy
🔥 Bitcoin Liquidation: No Worries Here!Last night, BTC fell around 8% in a very short period of time. Sadly, this doesn't come as a surprise after a massive move from 27k > 44k. Investors are piling in with high leverage, which makes them prone to liquidations like the one of last night. These liquidation events have happened a couple of times in the last few weeks. Every time they marked a local bottom, after which the price continued to go up. It's likely that the liquidation even from last night was a "necessary evil" to wipe out over-leveraged traders and clear the room for a more stable uptrend. Furthermore, the price reversed strongly from the diagonal support line on the chart. As long as we're trading above said support, the bulls are in complete control. My 48k price target still stands.
Long
by FieryTrading
4
EURUSD - Trend-Following Buy Setup ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURUSD has been overall bullish making higher highs and higher lows, and it is currently in a correction phase retesting the red trendline. Moreover, it is approaching a strong demand zone 1.067 🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and red trendline acting as a non-horizontal support. As per my trading style: As EURUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
🔥 ADA Aggressive Bull-Flag SignalThis signal is based on the idea that ADA is currently trading inside a bullish flag pattern, consolidating before the next break out. We're going to assume that the lows of the flag are already in and that the break out will occur shortly, hence the aggressive nature of the trade. Stop below the recent low, target at 0.6$. A more patient trader might want to wait for the break out to be confirmed, which will result in a lower risk-reward.
Long
by FieryTrading
1
Double Bottom - AUHere I have AUD/USD on the 1Hr Chart with what looks to be a Double Bottom Pattern! We were given a Higher High then the one on Tuesday which was preceded by a Lower Low late on Wednesday! Following the negative news on the Consumer Debt Today and with Non-Farm Employment, Unemployment Rate and Average Hourly Earnings Tomorrow, I will be looking for Price to retrace a little lower testing our EMA Spread, finding Support, then going HIGHER! *It's important to observe the Intensity of how Price Action revisits our area! Updates will be made. I also see the RSI giving us quite a Strong Divergence which strengthens my Bullish Bias! *TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS NOT TRADING ADVICE. EDUCTIONAL PURPOSES ONLY!* -Pattern CONFIRMED by Higher High Break -BUY- { SL } .65520 { ENTRY } .65838 - .65782 { TP } .66520
Long
by Novi_Fibonacci
1
🔥 Ethereum Highest Value In 1.5 YEARS: Bull-Market Started?Ethereum has managed to break through the main bearish resistance line that has been keeping the price in check for well over a year. With this break out, ETH has broken of the 1.5 years of accumulation and has arguably started a new bull-run. I'm looking for a longer-term move all the way towards the 3600$ area. This can take a while, so don't see this as a short-term trade. Now that ETH has also left bearish territory, things are looking very good for crypto.
Long
by FieryTrading
1
🔥 Bitcoin Bull-Flag: Road To 48,000$After a massive pump towards 44k, BTC has been consolidating for a couple of days now. My expectation is that this period of consolidation is only temporary and that we will break out in the near future, confirming the bull-flag pattern on the chart. Patient traders will wait for the price to break through the top resistance of the pattern, potentially even for the retest of said resistance. My target for 2023 has been 48k for a while now, so I'm aiming for a move towards that area, plus minus a percent or two. Patience is key!
Long
by FieryTrading
22
🔥 Bitcoin 8 Green Weeks In A Row! Closing In On 2017's RecordAs of this week, BTC has produced 8 green weeks in a row. The last time that this has occurred was during the heights of the 2017 bull-market and took us from 1100$ to 2900$. Seeing that the 'real' bull market hasn't even started yet, these 8 green weeks are impressive to say the least. However, in 2017 we saw a sharp 40% drop after these 8 weeks. I doubt that we're going to experience a 40% drop in the near future, but some kind of correction is to be expected from a technical point of view. Like said in my previous analyses, my target for 2023 remains at 48k.
INDEX:BTCUSDLong
by FieryTrading
1