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Bitcoin can rebound up from triangle to 68400 resistance levelHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some time traded near the support level, which coincided with the buyer zone and then broke it, after which it rose to 68K points. After this movement, the price made a downward impulse to support line and then grew. In a short time later it rose to a resistance level, but then corrected almost a support line, after which turned around and continued to grow. Later BTC reached the 68400 level, broke it and even rose higher than the seller zone, but soon fell below. Price some time traded near this level and then rose higher than the seller zone again, after which turned around and started to decline inside the triangle. In this pattern, BTC broke the support level with the resistance level and fell until to the buyer zone and even lower, to the support line of the triangle. After this, the price made impulse up to the 68400 level and then rebounded down to the support line. A not long time ago, BTC bounced from this line and started to grow. So, in my opinion, the price can make a move down, below the support line of the triangle, and then rebound up to the 68400 resistance level, which coincides with my TP. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
13
EW: BTC Expanding Triangle ABCDE Potential macro scenarioEW: BTC Expanding Triangle ABCDE Potential scenario On the 12H timeframe, an intriguing scenario has emerged. In several instances, BTC has fallen short of the expected minimum and maximum levels within an "expanding triangle" pattern, suggesting a hidden structure. By focusing analysis on points where reLOW and reHIGH factually occurred, we can observed ABCDE structure and hence another potential ABC swing, up to the level of Golden pocket. Arguments: - At the 70k level, there's an immense volume of sell orders, while indicators like MFI, CVD, and Footprints show a decline in long momentum. - Simultaneously, there is strong bullish sentiment for one more swing up. However, it is unlikely that another swing would break through the resistance above 70-75k. - The failure to break 70-75k level could lead to a drop below 40k, where long holders are positioned. Once these positions are liquidated, the path to 100k would be open.
INDEX:BTCUSD
by fondOrange28771
$MBLY : MASSIVE SHORT SQUEEZE INBOUND! 28% SHORT FLOAT!!! NASDAQ:MBLY MASSIVE SHORT SQUEEZE INBOUND! 28% SHORT FLOAT!!! This company went from a Short Float of 17% in September to a Short Float of over 28% as of 15 October, as I talked about in the video from my X post. This name is about to have a much larger move than NASDAQ:SOUN , the stock that met my "High Five Setup" trading strategy on Friday, and they had an 18% move just today! I am more BULLISH on this company and their technology in FSD and Autonomous Vehicles than I was BULLISH on $SOUN. They also have a much better setup with a much larger move looming. 3 REASONS WHY YOU SHOULD NOT IGNORE THIS NAME: 1⃣ SHORT FLOAT OVER 28% 2⃣ "HIGH FIVE SETUP" 3⃣ TOP 3 IN AUTONOMOU VEHICLES/ FSD TECHNOLOGY WITH NASDAQ:GOOGL NASDAQ:TSLA Comment below with your thoughts on this trade. Will it squeeze this week? What other stocks do you think can check all the boxes on my "High Five Setup" trading strategy? Stay tuned for more!🔔 Like ❤️ Follow 🤳 Share 🔂 Not financial advice.
NASDAQ:MBLYLong
by RonnieV29
10
Bajaj Finserv Ltd. - Weekly Chart Analysis1. Symmetrical Triangle Pattern: Bajaj Finserv has been consolidating within a symmetrical triangle pattern over the past few years, showing lower highs and higher lows. This pattern suggests a period of accumulation or consolidation, where both buyers and sellers are competing, leading to a breakout or breakdown. 2. Recent Breakout and Pullback: The price recently broke above the upper boundary of the triangle, indicating a bullish breakout, which was accompanied by significant buying volume. Currently, the price is retesting the breakout level, which may act as a support zone if it holds. 3. Fibonacci Levels and Potential Resistance Zones: The previous high near INR 1,880 (approx.) acts as a critical resistance zone. This level also aligns with the 88.18% Fibonacci retracement level, which may serve as a potential profit-booking zone if the stock moves upward again. If the stock maintains its momentum post-retest, a move toward this resistance could be expected. 4. Volume Profile Analysis: The Volume Profile on the right shows strong support around the INR 1,500-1,600 levels, indicating that a significant volume of shares has been traded within this range. This level may act as a support if the price dips further from the current pullback. 5. Trendline Support and Moving Averages: The long-term upward trendline provides a strong dynamic support level. The 50-week and 200-week moving averages are positioned below the price, indicating a long-term uptrend and offering additional support around INR 1,500. 6. RSI and Momentum Indicators: The Relative Strength Index (RSI) shows a healthy range but is not overbought, suggesting there is room for further upward movement. A crossover in the RSI or any divergence may indicate potential reversals, so keeping an eye on these indicators would be beneficial. 7. Key Levels to Watch: Support: INR 1,500-1,600 (Volume Profile and Moving Average Support), INR 1,730 (current retest level). Resistance: INR 1,880 (previous high and Fibonacci level). Conclusion: The stock is at a critical juncture, currently retesting the breakout level of the symmetrical triangle. If the price sustains above INR 1,730, we could see a bullish continuation toward INR 1,880. However, a breakdown below the trendline or INR 1,500 could invalidate the bullish outlook, potentially leading to further downside.
NSE:BAJAJFINSVLong
by AngshumanSaikia
$MBLY WE ARE GETTING TOIIIGGGGHHHTTT!!! 65%+ Move InboundNASDAQ:MBLY WE ARE GETTING SO TOIIIGGGGHHHTTT!!! Heading into earnings. This is bottom 9th down by 1 run with the bases loaded and 2 outs for #Mobileye. My "High Five Setup" is telling me NASDAQ:MBLY is going to SMACK A GRAND SLAM and the grin off shorts faces! If I told you to just look at the chart and indicators I have on it, what would your guess be for the breakout move? UP OR DOWN?! I know my answer. I'm ready for it, are you?! Video analysis linked to this post. Not financial advice.
NASDAQ:MBLYLong
by RonnieV29
4
The last bullish chance of Bitcoin in mid-term !!Currently, it can be said that Bitcoin has completed its fourth corrective wave and from now on, the price can be expected to rise to the top of the triangle. If the triangle breaks, we expect a new ATH to occur, but in new year. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
1
Oil Prices Slump as Israel-Iran Tensions Drop: Bears Eye $71Israel's targeted strike, which avoided Iran's energy facilities, is driving crude oil prices sharply lower. After closing Friday at $75 per barrel, prices opened today at $72.61 and quickly dropped to a low of $71. This has created a notable gap between today’s high and Friday’s close, which could be filled if prices rebound temporarily before resuming a potential downward trend.The recent price action has also breached a significant triangle pattern, suggesting a strong downside move. The trend will remain bearish below $74.32, with sellers targeting $71 and potentially $69.89 per barrel. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:BRENTShort
by ThinkMarkets
The Symmetrical Triangle: Real Success Rates + Breakout.The Symmetrical Triangle: Real Success Rates + Breakout. The symmetrical triangle is an important chart pattern in technical analysis, deserving special attention from professional traders. This formation is characterized by a convergence of prices between two trendlines, one descending and the other ascending, creating a consolidation zone where indecision between buyers and sellers is palpable. Statistical Analysis Empirical data reveals that the success rate of the symmetrical triangle for a trend continuation is approximately 54%. This percentage, although higher than 50%, underlines the importance of a cautious approach and rigorous risk management in using this pattern. Breakout Point The breakout of the symmetrical triangle usually occurs when the price has traveled approximately 75% of the distance to the apex. This point is crucial for traders, as it often represents the moment when volatility increases and a new trend can be established. Risks and False Exits It is essential to note that the symmetrical triangle has a relatively high rate of false exits. Statistics indicate that approximately 13% of cases in a bear market can result in a false exit to the bottom. This phenomenon underlines the need for additional confirmation before entering a position. Strategy of use To effectively exploit the symmetrical triangle, professional traders must: -Identify the formation accurately. -Wait for the breakout near the point of convergence of the trendlines. -Confirm the breakout with other technical indicators or an increase in volume. -Put in place strict risk management to protect against false exits. In conclusion, the symmetrical triangle, although being a valuable tool in the trader's arsenal, requires a methodical approach and a thorough understanding of its characteristics to be used effectively in a trading strategy.
BINANCE:BTCUSDEducation
by Le-Loup-de-Zurich
2
APEUSDT -1H BEARISH CROSSING of EMA 100/200APEUSDT -1H BEARISH CROSSING of EMA 100/200 BOT TRADEX NEWS: We have carried out the first successful tests of automated order execution based on Trading View strategies and indicators. These tests have allowed us to study the execution logic of all the BOT variables, so we have already begun to implement new functional improvements. It will be ready very soon :) If you like my AT, and you agree with the approaches, please FOLLOW ME and press BOOST so we can share it with more people. We are working on an automated trading tool so that everyone can apply their strategies VISUALLY and PROFESSIONALLY, as we present in the analysis. Thank you! _______________________________________________________ APEUSDT -1H BEARISH CROSSING of EMA 100/200 APE has corrected 78% of the previous push and should be enough to launch a new bullish impulse. However, everything points to it continuing to fall: BEARISH CROSSING of EMA 100/200 TRIANGLE pattern with decreasing highs... LEVELS: TP: 1.31 SL: 0.75 ______________________________________________________ Automated Cryptocurrency Trading Bots: All these strategic alternatives can be configured with TradeX BoT, as it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downward or upward, for the orders to be executed in one direction or the other, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the process of development and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, train yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
Short
by DeuXfi
Solana's Ascending Triangle Sets $249 Target, Raising the StakesLast week, we noted that Solana triggered an inverse head and shoulders pattern by pushing higher on Sunday, October 20. This pattern has a target of $201 per coin. Interestingly, the price reached as high as $178 before being rejected lower, forming a lower high than the high from July 28. We can now draw a descending trend line by connecting the highs from March, April, and July and the recent high on October 24. Support runs through the September 6 low at $120 per coin. Together, these lines form a bearish descending triangle. What's interesting is that Solana's price is now testing the trend line of this pattern. If it breaks above, the pattern suggests a potential target as high as $249 per coin—a strong 39% gain. However, trading a breakout from the descending triangle trend line is challenging, yet with the smaller inverse head-and-shoulders pattern, triggering this pattern becomes more plausible. Additionally, Bitcoin's strong upward momentum is providing further support. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:SOLUSD
by ThinkMarkets
2
GBPJPY → Buyers increase positions to break 195.5 ↑FX:GBPJPY continues to climb purposefully towards 195.5, forming a consolidation in the form of an ascending triangle. The goal of this maneuver is to break the resistance with further continuation of the upward movement... The bulls are trying to keep the defense above the key support at 193.5. The change of the fundamental background for JPY strengthens the sales of the national currency, which favorably affects, in our case, GBP. As a consequence, the market starts testing 195.5 with the aim of a breakout. GDP in UK remained at the same level of 0.2%. There is important news ahead - PPI. Based on the previous economic data, we can assume that PPI will also support the dollar, which will negatively affect the JPY. On the background of this influence, the bulls will be able to overcome the key resistance. Support levels: 193.5, 191.7, 190.0 Resistance levels: 195.5 The acutal situation on the chart is directed towards the continuation of the movement. The market structure is changing, the fundamental background is on the side of the buyer. We are waiting for the breakthrough of the key resistance (trigger) and the continuation of growth... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPJPY ;) Regards R. Linda!
Long
by RLinda
8
NVEE - 17 months DESCENDING TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
NASDAQ:NVEEShort
by TheArtOfCharting
1952 - 2 years ASCENDING TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
HKEX:1952Long
by TheArtOfCharting