we have formed another ascending channel, breaking the red line which is the upper channel of the new ascending channel will invalidate the bearish pattern, we did invalidate this huge ascending channel before, so we can do it again, green line must HOLD
BLUR higher target is a cup and handle pattern, but as you can see the minimum target what we have formed is a double bottom W pattern, I have measured the target which is around $1
we have been hovering on the white dashed support line for 3 days now which looks like accumulation and also a bear flag! I Really hope this does not play out to be a bear flag pattern but instead it gets invalidated by the breakout of the accumulation box
holding well so far on the white dashed line diagonal support, we still cold come down to the green support line, but expecting a bounce either now or from the green line, not holding green line means big drop to the blue line, I do not think it will happen tbh
so LSE:ARB has formed a rising wedge pattern which is a bearish pattern Do not panic and sell it does not mean it always plays out, but we can do here is add alerts on the white support lines, and set alert on the green resistance line, if we flip it invalidates the bearish pattern
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TA wise BCBA:ROSE is a nice chart that in the short term can easily do a 5x imo you can set alert on the white diagonal line and enter on the retest! enjoy!
zooming out, you can see we broke out from the ascending channel and tapped resistance line, we just lost the 4h 200MA so we have two levels of support for a bounce which I will show you below 👇
#Bitcoin now has a new major support , first major resistance is $48354 followed by $65729 and then $87000 which is the diagonal resistance! imo we will top out at $141894, this can happen all next year but it can be a bumpy ride to the top expect pull backs and liq wicks down.
red support line must hold, we have a descending broadening wedge pattern, that orange resistance line is a critical level that we must flip into new support! You can wait to flip orange line, or use red line as SL, imo wait for orange line flip, set alerts
$PYTH very good R:R here, reclaim on the falling wedge pattern, bulls got shaken out twice! put SL below falling wedge support GL
nice retest in the upper falling wedge resistance which acted as support, SL is below white line! Approval on ETF will send Bitcoin price to 50k+ levels
I am sure so many people feel left out with the BIST:LINK buzz and missing out on them sweet gains after that accumulation breakout, well I have good news for you, you have a second chance, set alert on that orange diagonal resistance because you can trade the breakout up! key notes here is, the ascending channel was a signal of a break down! many faded this,...
there it is folks! #Bitcoin is breaking out, target is the blue line, you can put SL below the upper white line of the falling wedge
falling wedge target is the blue line! I have set my alert on for the resistance of the wedge and support, if we breakout we target blue line if we breakdown we target major support line!
TA wise never ever fade a descending broadening wedge pattern, it is a powerful bullish reversal pattern. First target of resistance is the $44k level followed by the $47k level. GL
CRYPTOCAP:RNDR my bull flag played out like a boss, my TA is impeccable , we are now in a falling wedge pattern upper blue line must break, you can trade the breakout GL
this was a insane move, head and shoulders was invalidated then a fake pump up, and straight back down, lots of longs got liquidated in this move, we are now below the 4h 200MA failing to reclaim will mean we can visit the major support green line below! GL