The chart shows the potential for some further sideways movement as a game of price ping pong plays out. Price seems to be respecting these two moving averages.
There are multiple converging trending lines that suggest we see a very large ascending triangle playing out. Here's an example of how I see this bull cycle continuing. Of course the way price bounces around within the boundaries I laid out will be different than the example but the outcome will be something similar to this in my opinion.
Bitcoin has revealed a very large wave pattern on the daily chart. If it continues to play out, I think we will see $57k after some more sideways movement. From there, who knows, but the bulls are still in good shape.
I was at the gym and not even looking at charts when this pattern appeared in my mind's eye. I left early and came home to chart it...was just to vivid to ignore it. Basically it's a massive ascending triangle on the weekly. If this plays out, we'll see Bitcoin at around $80k USD before the cycle comes to an end.
Using a Elliot wave and Fib retracement I show my first major target in this Bitcoin reversal.
Chart shows daily inverse head and shoulders possible. Just something to start watching for. My buy in and profit taking target are shown.
ZIL showing a possible reversal. Looking for price to move about $0.09 and confirm there.
IF this cup and handle plays out, you can see my profit taking target. This movement is potentially large enough to call the trend reversal.
I already published one chart but this is a different view of the LUNA cup and handle. Maybe easier to see. So far I'm in profit on this trade...hoping BTC doesn't act up because this trade seems solid.
Looks like we could see a nice recovery begin if this plays out. My cup and handle target on chart. Fingers crossed!
Chart shows a newly formed ascending triangle that would break bullish. I plan to take a nice long position upon confirmation and will take some profits around $47k.
Using FIB retracement, Elliot Wave theory, and EMAs the chart shows where I may take a short position on ETH. If the plan plays out, I walk away with a cool 44%. I'm just a newb, so trade at your own risk. Good luck!
ETH is getting squeezed between the 200 and 50 SMAs. Likely ETH will bounce off the 200 and breakout of the large triangle pattern it is moving within. The chart shows a long position I will potentially take.
Using FIB retracement and SMAs, this chart shows two potential plays depending on the direction BTC goes. Volume has been weak so braking strong resistance levels could be difficult at the moment. I plan to sell at the 200 SMA and possibly buy back in after a retest. Not financial advice and keep in mind I've only been trading crypto for a year.
The chart shows three potential moves I might make depending on which way BTC breaks. The chart uses a pitchfork and fib retracement. The 20, 50, and 200 EMAs are also shown as support and resistance.
If bulls don't step in and push BTC up with significantly more volume, we could be rejected at the 50 moving average and break down out of the ascending triangle. From there a short opportunity may present itself as seen on the chart.
Bitcoin continuation of downward movement shown with pitchfork and EMAs. My target for taking a small long position
The chart shows the potential of a reversal pattern. A diamond bottom may indicate a steady downtrend ready to reverse.