Descending triangles can form as a reversal pattern to an uptrend, but they are generally seen as bearish continuation patterns. Most traders look to initiate a short position following a high volume breakdown . Bitcoin is often called the first crypto currency. Bitcoin is better described as the first decentralized digital currency. It is the largest of its kind in terms of total market value. Bitcoin is an instrument of . BTC — TradingView.
Btc eur tradingviewBTCUSD — Bitcoin Chart and Price — TradingView
Trade and invest at your own risk. Weekly Chart Analysis - Taking a look Hello, dear subscribers! It is broadly known, that the Ripple has very negative fundamental analysis according to the last news. The price immediately reacted with a huge dump.
On the right chart we can see two global support lines. The price have already broken down the support 1 level but It does appear that BTC might be forming a Bull Flag, with that said it could also just be a neutral wedge. This is not financial advice. Trading suggestion:. There is a possibility of temporary retracement to suggested support line Technical analysis:.
Stoploss H4. Maybe while there is not a creature stirring, but Bitcoin! Predictions and analysis. Videos only.
Top authors: BTC. Bitcoin is a payment system invented by Satoshi Nakamoto. Wyckoff Distribution says Bitcoin will go down,don't get trapped. Breakout Imminent!!! Alts Testing ATH? Bitcoin Giant Bull Flag? What do you think? Bull Flag - BTC. BTC intraday scalp.
Show more ideas. There are even situations where the trend lines will need to be redrawn as the price action breaks out in the opposite direction - no chart pattern is perfect. If a breakdown doesn't occur, it could rebound to re-test the upper trend line resistance before making another move lower to re-test lower trend line support levels.
The more times that the price touches the support and resistance levels, the more reliable the chart pattern. There are two possible scenarios in the next couple of hours: BTC retests resistance line and breaks it, and then retests again the next resistance line; BTC breaks support and falls until next support.
Putting SL right under 50 MA.