Shiba Inu price has formed an ascending triangle on 1H chart. this type of chart pattern is a good indication of price going up. SV-3 indicator is in the top level, which confirms strong uptrend.
What a weekend that was. I hope all of you are jumping and screaming in happiness. Both Hodlers and Traders have profited thanks to incredible signals from Price Movement Benchmark. It was spot on - not too early and not too late as you need strong and stable GREEN signal. But will that trend continue? Let's see the charts. TradingView price chart is showing us...
Welcome to PipEze daily BTC report. For almost 2 months now we can see BTC moving sideways. Those who considering shorting Bitcoin should be happy as descending triangle pattern is showing on the chart. According to technical analysis, this market formation showing future downtrend. Descending triangle is usually continuation patter but at this position on the...
Price changes like in kaleidoscope - You can turn and twist BTC chart and will find different formations and patterns and that’s why for now You are better off sticking to support and resistance. As expected price fall from rising wedge but not much as stopped on 6400 support. Rejection candle suggest that there is a chance to go back to 6650 but we would love to...
BTC is struggling to go up and long wicks pointing upward only confirming this. If we break green support which been holding price since yesterday BTC might stop on blue diagonal support but more likely this won't hold and price will drop to 6300 and than could dive to 5800. Looks like there is not enough buyers on the market to establish proper uptrend and result...
1D chart wedge was broken and stopped at resistance. There is still plenty of room to grow to 7000 before reversing and retesting 6500 Financial market is full of surprises and that’s why You should know that although 1D chart gives opportunities to go up ( broken falling wedge ) 4H chart indicates price drop back to 5700. I’m talking of alternate AB=CD pattern.
No surprise for many of You that BTC created massive descending triangle and yesterday we got confirmation of breakout from that formation. Average price drop for triangle is 25% - 4850 level. BTC is moving in falling wedge and next bottom touch could be at 5500 region and that could lead us to temporary uptrend.
Bearish white swan is complete and ready for price drop
15MIN chart with early bearish white swan. Price still can go up to 6540 before dropping. Already showing signs of rejection
BTC is just about to complete bullish crab pattern. 6500 is perfect bottom for that pattern
BTC - price moving towards green resistance - if broken will go to level 0.61 if bounce off will go further down
Harmonic pattern from Total family. Ended with small falling wedge so price rise and then possible price drop
OK so we have few possible scenarios to choose from. Let’s start with simple support and resistance Looking on 1H chart BTC broke resistance and if successfully close above it blue bar become support and that’s a good base to go up to somewhere around 8100 Now wedge. As You can see we are touching (almost) top edge and if broke up we go up but because this is...
BTC has created Bullish Dragon pattern on 1H chart. Pattern is placed inside rising wedge formation so expect price rise to top of the wedge and than price decline.
Anything on chart can be measured and explain logically. Using our wedge I want to show You that trading can be nice and easy. We don’t have to guess where price gonna stop or where is the top so we can close our position and enjoy money we made. Falling wedges are known to break upwards ( statistically more chances to break up then down ). With a help of...
BTC is creating Reciprocal AB=CD pattern What we have : AB to C - fib 1.414 What we need : BC to D - 0.707 Once we cross red line ( price move has to be confirmed ) BTC should go to point D without problems. Point D is a reversal point so expect back to uptrend channel. If BTC move up and exceed point C pattern become invalid. This information is not a...