Gold is in range for past 3-4 years. Rejected the top of the range a total of 3 times, forming triple top. It will rebound at the range of 1750 - 1800 and retrace to golden pocket (red rectangle) before continue down trending towards the bottom of its 3 years range about 1620 - 1680.
Shiba Inu in its accumulation phase, trading ranges marked by dashed line. Price currently at lower boundary of these trading range. Daily RSI showing hidden bullish divergence and flag pattern seen over the chart, also price has break the upper trendline of the flag pattern. Price target at 0.000018
BTC heading towards 16k Bear market BTC has rally and forming triple top/head and shoulder pattern in 4 hours timeframe RSI in same timeframe showing slowing of momentum during each rally 17k - 17.5k is a strong resistant May take few days to drop. Good trade to hold for few days. Cheers
Hi reader. BTC broke out of ascending channel in an overall bearish market. Closing below 18k will means 2 scenario. 1) Retest of lower trendline of latest ascending channel, rejected and closing below previous low of 17500, in this scenario we will see BTC drop into previous accumulation phase resistance (rectangle area). And this range also at around long term...
SMA 50 crossing SMA 200 in 3D timeframe for BTC. Last 3D candle closed with highest volume for the past 3 candles with smaller body and long shadow indicating selling pressure had slowing down. My prediction for BTC is ranging sideways for few months. Now is the time to wait and identify this ranges. After that start trading this ranges. A good indicator and...
Current price action already forming 3 swing high and 2 swing low. Price at lower trendline. My opinion BTC is in later phase of distribution. Triangle is a continuation pattern, major pattern prior was downtrend (lower high and lower low). A fourth or fifth swing high inside triangle is possible, or a breakout from lower trendline downward is possible too....
Accumulation occur at the bottom. Distribution occur at the peak. I take this as small fish dont become big whale food. During distribution, technical rebound occur more often that reversal. Rally towards higher moving average failed time and time again. This is not what i said, u may read it anywhere on the web. Anyway this is just TA, no holy grain in...
Ever since Elon Musk announced Tesla will accept BTC as payment in February 2021, BTC price rally and subsequently dropped when in fact Tesla not accepting BTC anymore. Since then BTC has been trading in ranges that in my opinion fits into Wyckoff distribution pattern. Current price trading at below midpoint of these trading ranges, we are likely in phase D of...
stochastic making higher high and price action making lower high, indicating bearish divergent. Lets short