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Trianglepattren

typical triangle pattern btc go to 50k.just moment ago, ideal triangle pattern formed. price looks likely go up up to 50k, and falling price movement is actually very good sign. 4h chart show us that price still have room to rise to 50k. 15m chart show us that price movement formed a ideal triangle chart. i bought short at 47200.(after waiting very very long time) and i will buy long at 45300 ( Test points above the 4 hour chart, and bottom of triangle pattern) if price go below 45300 i expect price will bounce at 44900. (and form rising wedge.) stop loss 44700 ( if price go down to 44700, then i expect price go down to 43700, tp1, typical triangle pattern.)
BINANCE:BTCUSDLong
by LeeBit
3
HNTUSDT is trying to create a new Higher highThe price is testing the monthly resistance, a key level at 25$ the price got rejections in the past after a triple bottom on the 19.5$. The price got a rejection exactly on the 26$ where the market has a 4h resistance and dynamic daily resistance. On 4h Timeframe the price is trying to create a new higher high. How to approach? We are waiting for the breakout from the key level and applying our rules for a long position. As you can see on the left, just a breakout is not enough to open a new long position, so we will wait even for our rules. Next daily resistance is 28$, don't miss it –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
HLong
by InkyGrip
2
The New Case In BITCOINOur long-standing case in Bitcoin now needs some revision in terms of a technical update. First and foremost, and as anyone knows who’s followed me here on TradingView for some time now, you know I don’t do raw TA - and especially not when it comes to Bitcoin and crypto. No, I build cases. That’s why we land on our feet whilst most others crash and burn. So what then is raw TA and moreover: what is a case? Raw TA is simply to look at the underlying but without any context whatsoever, neither internal nor external. Building a case, on the other hand, is to contextualizes things. It's a way to add on new and relevant and independent technicals and to revoke obsolete ones. But most importantly it’s to connect the interconnected. In the case of Bitcoin I therefore add the strongest relevant technicals together in a constant flux. But even more so, it’s about comparing Bitcoin to mining companies and alt coins. By doing so we acquire a far more superior and holistic view in terms of risk and reward than could otherwise be attained. A case versus brute TA is like three dimensions versus two. This building of cases is particularly of value to us at this very moment. It is precisely what we’ll discuss in today’s analysis. Lately here on TradingView we've talked about how Bitcoin was preparing for a buy setup based on three individual technical criteria. First we had the symmetrical triangle in the RSI on the daily chart in Bitcoin. This alone was never a buy signal, but rather a premature notification of upwards power to follow. A turbo, if you may. Secondly - and the key aspect in this entire case - we had an ascending triangle in Bitcoin. Naturally, this would never break out unless the RSI were to break out first. Now we’ve had that triangle breakout and thus two of our three points are nicely checked. That leaves us with the third and final one. The black sheep in this case equation, namely Marathon Digital Holdings. Whilst Bitcoin took off by ten percent or so last weekend, I did expect a proportionate reaction in Marathon too … a blast through the horizontal resistance. Yet, on Monday we saw no such thing. Initially, the stock made a futile attempt at breaking above, but it didn’t take long before it was back again in its God forgotten channel. And this is where things get truly interesting and relevant. This is where our case begins, for as most inexperienced traders will base their entire position on the triangle breakout in Bitcoin, we know that such move will be limited unless Marathon follows suit. For as long as Marathon is stuck in its range, there’s no way in hell Bitcoin will proceed up with free reign. For when Bitcoin runs … on the fairly rare occasions when it trends strongly and persistently … that’s when Marathon has its time to shine by grossly over performing versus that of Bitcoin’s spot price. But by staying pat in its range and thus showing immense weakness and hesitation, it naturally follows that Bitcoin’s going nowhere. Had Marathon broken out to the upside on Monday, however, it’d be completely different story. Instead, it’s start-of-the-week disengagement caused me to take another look at Bitcoin to revise our case. What I found was this: a diagonal resistance line that perfectly fits the Marathon bill. And if we expand on this diagonal line, we quickly notice how it in fact amounts to an ascending channel … or a bear flag if you may … for that’s precisely what it is until proven otherwise. Now, bear flag or not, it doesn’t mean it’ll break out to the downside. We still have several check mate technical arguments for this area being a reversal point. We’re talking strong ones like the lower bullish red signals and the ABCDE triangle that is still fully in play. In this sense, I am still bullishly optimistic. But be that as it may. We still don’t take longs at technical resistance! It’s just too risky. Going long here is far more dangerous than doing so here, once the price has broken out on the upside. The ideal scenario right now would be for Bitcoin and Marathon to consolidate right below their respective resistances. Yet, as counter intuitive as it may sound, such price action has a predominant bias to result in long-lasting and strong moves to the upside (or downside had it occurred at support). With that said, if we can get breakouts in Bitcoin and (!) Marathon, then chances are we’re in for quite a ride. But no break, no take. On a final note, this is precisely why our case approaches are of such high value. Had it not been for Marathon’s failure to follow suit, we’d be long stuck in a potentially fast-waning, high risk breakout. Now, by updating and adapting our case to the new interconnected data, we can stay out of the way and rather target a low risk breakout rather being stuck in high risk volatility. On that note, I wish you all a kick-butt awesome weekend!
BITSTAMP:BTCUSD
by LongLifeTrading
SHIBA Points To Starting Point Of Cycle ManiaHello Crypto traders! Let's talk about memecoin Shiba Inu (SHIBUSD) in which we see very interesting pattern. The book says: Every mania is followed by a decline that ends at the starting point of the advance. SHIBA can be still looking for wave (C) sell-off that can send the price back down to 0.*10 – 0.*05 support zone and beginning of mania cycle, especially if we consider current sideways bearish running triangle pattern in wave (B) that can be approaching the end soon. Be humble and trade smart! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Short
by ew-forecast
2
A sign of trend reversal in AMC? The Elephant in the room...NYSE:AMC I'll keep the write up short and let the chart speak to you, but a few observations here that a lot of people just won't talk about: 1. Since the runup to $72 AMC has continuously set lower highs. 2. From the peak of $72 in June to the end of November, AMC was successful in countering the lower highs with higher lows. 3. End of Nov AMC broke its major structure created during the run up in June. This pushed AMC to a ascending parallel channel created by the Feb runup, retracement, and the initial kick of the June run. 4. Price discovery During June-Nov respected the entire range of the first June weekly candle. 5. Again, Nov we see a break down out of the Alpha structure to its predominate structure. This was a a warning sign - IN RESEPCT TO TECHNICAL ANALYSIS ONLY. 6. This is when Lower Lows start taking place, working with the lower highs to push the price discovery back down to the range of the last May weekly candle. 7. Dec-Jan we see a case of larger price range as compared to the candle bodies, showing indecision and buyer exhaustion. The first candle body to close outside this range pushed the price down to a new (most current) range. Lower lows and Lower highs have continued through this period. 8. It is also important to recognize the level of support that was broken (created during the Jan - May run. This support and the broken support during June-Nov resistance creates a channel - keep this in mind going forward. 9. Overall, since the run up, AMC has found that is it trading at lower and lower consolidation levels. and lastly.... 10. Not one weekly candle body has closed over its active consolidation levels since June 21'. UNTILL NOW. This in mind, outside of EVERYTHING ELSE besides this chart, its a very positive indication for AMC. This has NOT happened since BEFORE the June run up. Continued... I thought I could stop. I can't. What I am looking for as CONFIRMATION of my bullish feeling (not letting my emotion get to me this time) is a weekly candle that does 1 of 2 things: A. Closes above the swing high created in Dec - this would be >$30 - This is honestly a very hard feat in 5 trading days. This though would not only break the LLLH trend but also push through the descending resistance created at the top of the Jun run AND push through the ascending level of resistance (once support but broken in Jan 22') that creates the lower part of the ascending parallel channel. This is BEST case. This is also NOT as probable as scenario B... B. A weekly close slightly above the 2 mentioned levels of resistance. This is more achievable in my mind from a PURE TA perspective. It won't be easy. Keep in mind the REALITY of the chart. LL, LH - multiple structure breaks to the downside. These are facts. We must talk about the elephant in the room... I will keep this short. Look at the chart, find the next (lower) structure). Until the trend is officially broken, it is telling us that the next structure sellers are targeting is $8.93-14.05. Yes I said it. I will also say this: it is more probable than scenario A. The fact that we got a weekly close out of the current range is a GREAT SIGN that buyers are stepping in again. I suspect major resistance at $22-24 (in regards to this week only). Lets recognize the dilution factor. 5x since the Jan 21' runup. Even at current prices (when compared to the $72 high) the company is MUCH more valuable. It is simple math. The amount of buying pressure needed to get back to this price discovery would need to be MUCH greater than the prior buying pressure. THINK ABOUT MARKET CAP - especially when creating a personal PT. This is a cold hard question that NEEDS to be asked: can a company that runs from dollars to the low 70's sustain that price discovery under the conditions of dilution. This was AMC's biggest "hiccup". Yes this is a fundamental argument, but it DOES factor into TA. In TA you need a PT and SL to create a trading plan - market cap MUST be considered. Keep this in mind going forward with AMC. Disclosure - I am LONG on AMC and have been since Jan 21 <$5 and I have been selling covered calls since NOV when I first noticed the major trend changes - this has served me VERY well and has put me in a position that I was able to accumulate more AMC at $20. Although I will not participate in calls this time, I will slow my selling of them. I LIKE what I see STARTING to develop but I will be PATIENT as to NOT get too excited...yet..until I see what the EOW brings. Please consider the fact I am not taking into consideration ANYTHING outside the chart.. I did not keep this short. No pun intended.
NYSE:AMCLong
by OccamsPhazer
33
BTC in a triangle, possible retest of the 38-40K zoneHello everyone, BTC is currently ranging at resistance of what it looks like a symmetrical triangle (daily TF), It already attempted to breakout that triangle yesterday but it fails. In my opinion this is a bad place to long and the probability now favor a retest of 40-38K. The two options i see here is eitheir we brake that triangle in the coming days or we see a retest of that support zone. As i consider myself more conservative i will personnaly wait for the retest of support & will take my chance if i see a setup forming near that zone!
by ElDiablo0604
BTC\USDA quick BTC/USD update: At the moment, BTC is testing its crucial Descending Resistance Line of its Triangle Pattern as well as testing its crucial Resistance Area. Note that BTC has found resistance from this Descending Resistance Line 3 times previous and you can clearly see the interactions of the previous Daily Candles with this Resistance/Support area. Note that the APEX of the Triangle Pattern is located around the 23rd April 2022. At the moment of typing this, BTC is back above its Least Squares Moving Average (LSMA) as well as back above its Bollinger Bands Middle Band Basis 20 Period SMA on this 1 day timeframe. Note that BTC is back above its Volume Profile Visible Range Point of Control (VPVR POC) for this chart's visible range. At the Moment of typing this, BTC is still in the Bearish Zone of the Ichimoku Cloud. Note that Leading Span A (Senkou Span A) Resistance Line is located in the same spot as the Resistance Area that BTC is testing. Looking at the Trend-Based Fib Extension, we can see that the 0.236 level is also located at BTC’s crucial Resistance Area. Note that this is the first time since the 10th March that the daily Volume Bar has been above its Volume 20 Period MA. The Average Directional Index (ADX DI) is indicating a spike in Positive Momentum with the +DI (Green Line) rising to 22.04. Negative Momentum has dropped with the -DI (Red Line) dropping to 19.89. Note that the +DI (Green line) is now back above the -DI (Red Line) indicating Positive Momentum is stronger than Negative Momentum on this 1 day timeframe. Note that we have to be careful because the overall Trend Strength is still very weak with the ADX (Orange Line) at 15.39 way below the 20 Threshold (Black Dashed Line) and is still also below its 9 Period EMA (Black Line) which is at 17.64. Tonight’s daily candle close will be a very interesting one to watch. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by TradingThroughTheLens
1
SSSE - Shanghai Composite -The China Will Help Russia?This Chart Suggests That China Will Help Russia A negative mood in China could be reaching an extreme. Reports over the weekend are stating that Russia has asked China for military and economic assistance as its invasion of Ukraine gets bogged down. A new Sino-Russia friendship pact was formed just before Russia launched its assault, with Putin and Xi Jinping best of buddies at the Winter Olympics. With Western sanctions impacting the Russian economy, it’s abundantly clear that China is now the key in this geo-political crisis. China has a choice of whether to help Russia, by buying its oil, etc... or to put pressure on Putin to stop his imperialistic ambitions. The chart above is a clue that China will choose the former route. The chart shows the progression of negative social mood in China since 2007, with that mood trend driving a bear market in the Shanghai Composite index. The pattern is a triangle, very similar to that seen in the Russian RTS$ index which caused to forecast that Russia would invade Ukraine. Primary degree wave (C) of the triangle equaled 0.618 of the length of wave (A), a solid clue that the pattern is correct. The advance in wave (D) might still be operation but it’s interesting that, although not a classic triangle ratio, the proposed wave (D) ending in September 2021 equaled a Phi-related 0.382 of the length of wave (B). So, if this wave count is correct in the Shanghai Composite index, Primary degree wave (E) is already in operation. Negative mood expressions such as widespread Covid-lockdowns could already be a manifestation of this wave, which can be expected to be the point at which negative mood reaches an extreme. (Note that regardless of whether the Shanghai Composite is already in wave E or still in the latter throes of wave (D), in either case the larger degree bear market is 15 years old and counting.) The negative mood extreme could very probably drive China to go all-in in siding with Russia. Crisis and opportunity indeed.
C
by ferGOD
3
No more price HIKE in Oil priceHellow traders! Everyone is worried about the global Oil price Hikes, we can see price hikes on daily basis. The price is not only rising up in non-OPEC countries but we can see very high rates also in oil-producing countries. Looks like there is nothing to worry more about Oil price Hike as we can see in the chart that it will dive quicker than its previous rise. The chart formed expanding triangle pattern after the breakout of the trendline. Normally it was supposed to drop from 66$ but because Oil-producing countries wanted to hike the price to cover their pandemic losses so they kept pushing up. That's why we can also see some abnormal behavior in the chart. The breakout from the top trendline of expanding pattern is called a death point because after that we will see the change in the trend and the change has started. Now let's talk about the target. The price at 28.7 is the price where it's compulsory for the market to hit that price. It can't go anywhere without touching that point because it's an untested point and looks like formation is also completed and it is ready to touch 28.7$. Don't forget to hit the like button and follow to stay connected
TVC:USOILShort
by Aadil1000x
3
#Perlusdt Mid to long-term analysis.Perl was moving in a perfect triangle before bitcoin crash yesterday and was about to fly. But now this btc dump has extended it's time period moving inside triangle. Close above 0.10 will start it's uptrend again up-to 0.4-0.45$ in mid-term to long-term. Close below 0.05 will invalidate the structure and then we will have to wait for next structure formation. I personally think once BTC will stabilize this gem can give you 3 to 5x returns in mid-term to long-term time period. Do your own research always before investing. If you like my work kindly do like and follow.
P
by Furqannasir1
RCL | Bull Dragon Pattern | upcoming Triangle Breakout SetupPrice Action and Chart Pattern Trading Setup > Bullish Dragon Pattern with upcoming triangle breakout ENTRY setup above EMA200 and Volume Profile Point of control 44.50 > 1st Target upcoming TAIL HOOK fibo 0.5-0.618 > 2nd target at DRAGON HUMP 0.618-0.786 > 3rd target DRAGON HEAD 0.786-1.0 > Tail extended target DRAGON HORN ZONE 1.0-1.618 Indicator: > Smart Money and Banker Chip important level support at Triangle A position > Fund flow trend reversal into positive distribution phase > KDJ Stochastic strong uptrend > Banker BBD positive trend above baseline 0 Fundamental Factor: > positive BDI index +5% vs last week above 2000. > CCFI Container Index still at high level en.macromicro.me Risk ratio: 2.5:1 for short term target tailhook position or dragon hump trade and 3:1 Always trade with affordable risk and respect your stop loss Good Luck
SET:RCLLong
by dukeposh
SXP - LONG-TERM Woop, good morning traders, Look at SXP, whether it is deepest bottom or not. Actually, I never try to guess what will happen. I just look at candle stick, it always say a story to you. Current now, SXP has some key points : 1. Triangle pattern had been created and price broke bottom trend line. 2. At local strong support 2.0-2.3, bearish engulfing pattern had been completed, that mean retest fail. 3. RSI triangle also broke and under 50, it will move quickly to overbought area when price drops deeper. By these analysts above, highly price will sink deeper to 0.7-1.0. Now, just keep patient and observe
by Viktortea