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Symmetrical Triangle

(Update) BTC has been able to Break the EMA 200! What now?🌳BTC has been able to break the Symmetrical Triangle & EMA 200! So now Bitcoin Is Ready More Than Ever To Reach 50k! a New Support level has been Created at 44kand If BTC is Up to Do a Correction,It can Reach That Point. a Normal & Healthy Trend needs Correction as well. So We Expect the Price to Reach 44k before Ascending Further.The 50k Target is a Pretty Strong Resistance as well! If BTC manages to break The 50k Resistance, We Shall See the Possiblity of Reaching 57k! Previous Analysis: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
8
BTC OVERVIEW - LONG TRADE IDEAHey everyone, Just making a quick overview of BTC where it is now, we can see that BTCUSD is in a symmetrical triangle pattern now and looking like its going to break to the upside, RSI is over 50 in the 4h and the usdt dominance looks like is doing a triple top pattern on the weekly which is a bearish pattern . This can indicate that people are moving money away from USDT and putting into BTC and other alt coin which is a bulish sign to BTC . Based on this i think we can set up a long position with a good risk reward here as per the chart. Let me know your thoughts on this. Cheers!!!
FTX:BTCUSDLong
by sweeezy
BTC can Reach 50k If It Manages to Break this Resistance!🌳BTC is in a Symmetrical Triangle .This means The Price has a Chance to become Bullish Or bearish Depending on The Break out which is Gonna Happen Soon But The Price is Touching The Upper Line of The Mentioned Triangle So This Could Mean The Price will Do a Bullish Break out Soon & We Shall Expect a Huge Bullish Movement to 50k Because of The Measured Price Movement (AB=CD). Note that a Strong Resistance Sits at 44.7k So This Could be a Point That The Price Will Be Rejected. But If Bitcoin Manages To break even This Resistance,The Way to 50k Is Guaranteed! If anything Goes Wrong, 37k Is a Pretty Reliable Support. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
37
Where will ETH go?3700 or 1730$?🟡Chart is speaking it self! Ethereum / U.S. Dollar -ETH is in a Symmetrical Triangle. -No Break out Yet! -The Break out Determines The Trend For ETH! -Since AB=CD The Bearish Break out Will Reduce The Price to 1730$ and The bullish Break out Will Make The Price Reach 3700$. _________________________________________ 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
COINBASE:ETHUSD
by CobraVanguard
11
KCS/USDT ABOUT TO BREAK OUT SOON!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this KCS/USDT TRADE setup. KCS looks good here. KCS is the token of Kucoin exchange just like BNB. As you know Kucoin is slowly made its name and many users starts using Kucoin exchange rather than Binance. So I'm expecting a nice growth of this token. According to the chart, KCS is holding its $18 support very well so far. It is trading inside a symmetrical triangle where the break out of this triangle is still pending. Once it breaks the triangle it will pump hard. Accumulate this coin as low as possible. Entry range:- $18-$19 Target1:- $24 Target2:- $30 Target3:- $36 Target4:- $44 SL:- $16.5 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
5
OBEROI REALTY Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. Take trade if all conditions meet at the end of the day 3:15-3:30 PM. If you have any questions or suggestions, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
NSE:OBEROIRLTYLong
by Chartmaniac
USDT.D READY TO FALL! MARKET WILL BOUNCE ANYTIME!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT Dominance update. USDT.D looks bearish here. It means BTC and Alts can pump well. USDT.D makes a symmetrical triangle in an 8hr time frame and it already breaks down the triangle. After the break down retest is also done. Also, it traded below all important MA's (21,50,10 & 200) so it looks so bearish. And as you know when USDT.D is dumping, BTC and Alts start pumping. I'm expecting a good pump in the market in the next few days. What do you think about this? Do you think the market can pump upside from here? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
CRYPTOCAP:USDT.DShort
by CoreCrypto1
1
BTCUSD Symmetric TriangleLooks to me like BTCUSD is in a symmetric triangle pattern, which tends to follow the current trend (which has been down) before continuing onward. There is a possibility of reversal, but symmetric triangles typically continue the current trend. If this were an ascending right triangle, I'd see it as more bullish. If it were a descending right triangle, more bearish. I'm going to wait and see if it can hold above the triangle for a couple days, and then maybe open some positions on it, or wait for it to reject the trend and fib resistance points and continue down. My opinion is that it is likely to continue downward, and this is a Wyckoff redistribution phase. There's a chance it is a consolidation for an upcoming reversal, but I'm personally bearish.
COINBASE:BTCUSDShort
by brettfb