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W-pattern

🔥 Bitcoin Bull-Flag: Will The Bulls Win?A few days ago I made an analysis on BTC and the bull-flag it was trading in. My expectation was that Bitcoin would move down towards the bottom support and reverse from it to keep the trend intact. As of earlier this morning, BTC has retested the support and has bounced from it. Time will tell whether the support will actually hold in the longer term. This is the chance for the bulls to show themselves. If BTC fails the bull-flag and falls through the support, chances are that we will go down much further. Still, the trend is your friend. Statistically speaking, we should be breaking on the top side. My 48k target still remains in play.
COINBASE:BTCUSDLong
by FieryTrading
15
Bitcoin - BTCUSDT - In Wedge PatternGreetings, BTC has been struggling to breakout and then stay above $44K. With time since the previous move above $38K resistance, the top trendline has been descending. Along with that, the recent bounces have created an ascending bottom trendline. If we extend this bottom trendline back, it aligns well with the previous resistance very well which makes it a strong support. These two lines are converging on Jan 10, 2024 which is the deadline for SEC's decision on Bitcoin ETF's - too much of a coincidence? Anyway this convergence is creating a wedge pattern which typically gives 50/50 chance to both up and down move. However as mentioned, the bottom trendline is a strong support and has a steeper angle so we would give a slight edge to bulls here. With SEC's decision coming up in a few days, we expect high volatility in the markets. All investors should manage their risk. From our end, we will provide our analysis as frequently as we can. Please SUBSCRIBE to stay up to date! Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
COINBASE:BTCUSD
by figuring_out_the_dream
🔥 Bitcoin Bull-Flag: High Risk-Reward EntryBTC has reversed yet again from the 44k area and is currently in a short-term downtrend. In case this downtrend will continue for the next few days, I want to be prepared. I'm eyeballing an entry from the bottom support of the bull-flag pattern. High probability that this area will cause some kind of reversal. With a stop below the most recent swing low and a target at 48k, we can construct a very decent trade with a R/R of 7,64. A more risk-averse trader can take profits around the top resistance of the flag-pattern.
Long
by FieryTrading
4
🔥 Bitcoin Bull-Flag Break Out: Bulls Keep Winning!Over the course of the last week I've made multiple analyses where I discussed the bull-flag pattern that BTC was trading in, and my expected move towards 48k. www.tradingview.com After a retest of the top resistance of the triangle, the bullish trend continueed. In m view, it's a matter of time before BTC will make a new yearly high. With a little more than a week to go, 48k is still in the cards for this year. The period between Christmas and New Year is historically a bullish one, so I think we can expect some fireworks. Even if we don't reach 48k this year, I still think it's going to be reached soon. Like mentioned before, 48k is going to be a highly contested area. We're either going to sharply reverse from there and see a bearish period, or we will pierce the resistance and move to >50k.
Long
by FieryTrading
10
🔥 MATIC: Preparing For A Bearish MoveMATIC has yet again rejected from the main bearish resistance that has been plaguing the bulls for years. I'm not sure if we will go all the way down, but in case we do, I want to be prepared. I'm eyeballing the bottom support as a major area of buying, therefore I'm going to be patient until this area has been reached. Bears can play, but bulls will in the end win. With a stop below the October lows and a target at the all-time high we can construct a highly profitable trade. Patience.
MLong
by FieryTrading
6
🔥 Bitcoin Bullish Support Holding: Wait For Break OutBTC has been consolidating for over a week at this point. Some form of consolidation was to be expected after the massive move from 36.7k to 44.7k. To me, it looks like BTC is bouncing off the bottom support yet again. This support has been holding for over 3 weeks now and was due to be retested. I'm waiting for the price to reach above 42.2k to confirm the break out through the top resistance, short term target placed at 44.7k.
Long
by FieryTrading
25
🔥 Bitcoin Bulls Are Back: Faked Out Bears In my most recent BTC analysis I discussed a potential break through the top diagonal resistance. This signal got cancelled because BTC fell through the bottom support, but this ended up being a fake out. Bears thought they got the overhand, but apparently not... Previous signal is being reactivated. If we can close a 4H candle above 42,750$, I'm interpreting that as a break out through the top resistance of the triangle with a target of 44,700$. Furthermore, this break out could be the final break out of the consolidation period we've seen over the last two weeks. Things can heat up going into the new year, with the period between Christmas and NY historically being bullish.
Long
by FieryTrading
4
Final SPX Short This Index has continuously been going up at a high-speed rate for the past seven weeks. However, after this analysis, I believe this will end very soon, and we will see the start of a market crash for the SPX500. H4 is Severely overbought with a lot of divergence, and there is a triple top to show resistance. There is finally a pattern on Weekly that has never occurred before, thus giving this trade a better chance of success. We will try to sell at the high of 4735 and expect a tremendous ROI.
SP:SPXShort
by JD_TeenTrader
DXY (US DOLLAR INDEX)Hello traders! The dollar index (DXY) in the 15m timeframe is in the (RISING WEDGE) pattern. Wait for the line break to confirm the scheme. The price retests the level of 101,750 and then the complete completion of the scheme begins. Rising to the level of 102.470. Be patient and wait for the breakout to enter the trade. Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
CAPITALCOM:DXYLong
by THP-Forex-Academy
🔥 QI Huge Risk Reward Signal: RSI Reversal PlayQI has been one of the major movers of the last two weeks. Two hours ago, the RSI has hit oversold on the hourly for the first time since several weeks. This signal is based on the idea that bulls will be hopping back into this token and push it upwards. Furthermore, the oversold RSI has occurred at the support level, further reinforcing the reversal narrative. Stop under the oversold-RSI-low. Target at the recent top. This allows us to create an amazing trade with a huge potential pay out.
Long
by FieryTrading
13
🔥 Bitcoin Successfully Bounces: Bulls Kept StrongTwo days ago, just after the big liquidation which took us from 44.5k to 40.3k, I made a post where I argued that there were no worries for the bulls as long as the bottom support held. Around 40 minutes ago, there was another FOMC interest rate decision in favor of the bulls. Stock markets rallied and BTC followed suit. Crypto is rallying back towards previous highs. The key giveaway was the oversold RSI on the 4H timeframe. Last few times this happened we saw a swift recovery to new highs. As explained in previous analyses, 48k is still my target for this year, given that the bottom diagonal support will hold. Good job bulls.
Long
by FieryTrading
17
What is the ( Flag pattern) ?A flag pattern is a technical analysis chart pattern that can be observed in the price charts of financial assets, such as stocks, currencies, or commodities. It is considered a continuation pattern, indicating that the prevailing trend is likely to continue after a brief consolidation or pause. The flag pattern is formed by two main components: Flagpole : The first part of the pattern is a strong and sharp price movement, either upward (bullish flag) or downward (bearish flag). This initial move is known as the flagpole and represents a strong surge in buying or selling activity. Flag : Following the flagpole, there is a period of consolidation where prices move in a rectangular or parallelogram-shaped pattern. This consolidation phase is referred to as the flag. The flag is characterized by decreasing volatility and typically forms a channel or a rectangle. There are two types of flag patterns: Bullish Flag: The flagpole is an upward price movement, and the flag is a downward-sloping consolidation. This pattern suggests a temporary pause in the upward trend before a potential continuation. Bearish Flag: The flagpole is a downward price movement, and the flag is an upward-sloping consolidation. This pattern indicates a temporary pause in the downward trend before a potential continuation. Traders often look for flag patterns as they may provide insights into the market sentiment and offer potential trading opportunities. The breakout direction (up or down) from the flag pattern is considered a signal for the potential future price movement. However, it's important to note that not all flags result in a continuation of the previous trend, and traders often use other technical indicators and analysis to confirm signals and manage risk.
BINANCE:BTCUSDEducation
by CryptoSphereTG_1
🔥 Bitcoin Inverse Head & Shoulders Pattern: Bulls Taking Power In yesterday's analysis I argued that Bitcoin's bull-trend is far from over. The short-term trend is still in favor of the bulls, but only as long as the bottom support held. As of yesterday, BTC has successfully bounced from the bottom support and is currently underway of forming an inverse head & shoulders pattern. The pattern has not yet been confirmed, so please wait for a move above 42,150$ to confirm the break out. In case of a break out, I'm looking at the most recent local top as my primary target: 44,500$.
Long
by FieryTrading
3
Eur/Usd (1h)Hello traders! It is clearly seen that the couple has broken the line. In my opinion, the price will go to test the level of 1.0800 and then a decrease to the level of 1.0755, where this level will bring a confirmation for an increase with a target of 1.0965. Be careful, as Wednesday is the FOMC. Be patient and wait for the break to enter the trade. Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
Long
by THP-Forex-Academy