DOGE/USD loading Sudden Drop Protocol?
DOGE is passing a significant PTP (price-time pivot) in this hour.
I'm expecting a sharp drop, followed by an instant buy attack - pushing the price back up for at least a local top retest.
Will update this. Stay tuned & check my twitter, if you wanna be up to date.
Trade safe! 🤞🏽🙃
Btc-short
Bitcoin Descending Triangle Hi, Raiden Here. My first post of many to go here in tradingview. Watching bitcoin I see that we have lower highs with the same support of around 30k. if the pattern is true we should see a lower high then fall in the near future then eventually a break below 30k. What concerns me though is the fact that with this pattern price doesn't come from a downtrend but an uptrend so we just have to see how it unfolds. Leave a like if you like this analysis also follow me as I will be posting setups and ideas from crypto, stocks, and forex going forward. Thanks! Have a blessed one!
CAN WE SEE BTCUSDT @ $18 500 AGAIN? I think we can see BTCUSDT trading as low as 18 500 dollar area in the near future if and only if it doesn't establish another new higher high pretty soon and in order to do that the price of BTCUSDT has to rise with 25% and then we would also need to see a new All Time High after that for it to break this pattern and that is more than 40% from its current price. This will be very interesting scenario both ways.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
Upwards trending channel in BTC/USD chart.Upwards trending channel with a slight bearish sentiment. OBS If we break the lower line, make sure to wait for conformation bounce and enter trade after we passes the bounce price.
I give it a about 70% chance to break down and 30% to break up because of the sideways trend bitcoin has established, also it fits the pattern with a small drop in prize.
Follow me for more trade ideas.
In the red box might be the key...(Yet again) - Target 33k"Por que no hay deuda que no se pague ni plazo que no se cumpla" (That's a Spanish saying, it just suits)
1Hour chart is trying to go back to the red box. If the bottom side of the box turns into resistance we are most likely going to 33K (a tiny bit bellow).
Trade wisely, this might be a sweet short. Keep calm, look at the patterns, consider your favorite indicators and don't keep in consideration your ideal scenario, if you are holding long-term this is healthy. Hopefully even better than just crazy unpredictable UP UP UP. We have higher highs ahead, just gotta be patient. "La paciencia es la madre de todas las ciencias (y virtudes)" (Yes, another one).
Shout out to @YurloTrades, i pretty much based my targets on his brilliant analysis.
Wish you all the best of lucks.
J.S.
BTC still a sellIn my opinion BITFINEX:BTCUSD is still a sell.
Don't make the mistake and think it can be a hedge or store of value in modern times. An asset that volatile can, at this moment in time at least, never be that.
So long story short, I don't think that it will go any higher even with institutional investors. They already bought their share, the last really was fired up by FOMO.
Is Bitcoin losing its steam?This is a possible Bitcoin short scenario. Bitcoin is struggling to break the key resistance level at $41.5K to reach new ATH's. If the resistance level is broken, this setup will be invalidated. If this setup plays out we should be able to find support at the monthly support level at $29K which would result in a ~30% dump. This is a a healthy correction for Bitcoin in a bullish market cycle.