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Decendingtriangle

History doesnt repeat... in this case it will (Daily version)A couple days ago I did a weekly price comparison between the current price and the price back in 2017 (log scale). I managed to find a really interesting pattern playing out. I tried to make everything very obvious with the color coating but if you have any questions please don't hesitate to ask. Looking to buy either on the break down (not guaranteed as it could easily go upwards as well but a shakeout is pretty standard in crypto) or on the break of the all time high if it persists around this price for a little. Happy trading!
BITSTAMP:BTCUSDLong
by Spraycool
5
CHFJPY SHORT TRADE IDEA Hello Traders, The price is moved within descending triangle patterns and looks solid with the bearish structure. However, I will see the behavior price in the recent zones highlighted before confirming it as a solid bearish trend. For your consideration before taking this idea please mind your core principles of your trade confluences with proper risk reward management. _________________________________________________________________________________________________________________________________________ ***** Disclaimer ****** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________ Moreover, if you like my ideas and do take the same trade, please write it in the comment so we can manage the trade together. Thank you for your support!
Short
by Ochin_FX
4
Short GOLD 1H OANDA:XAUUSD has been riding the bullish wave for quite some time and therefore I will not yet recommend going short for the long term. This is a short term setup and here are my reasons. Volume : Falling Volume when price tests the resistance trendline indicates that bulls is not giving the necessary power to breakout. Triangle : The Triangle that is forming is pointing downwards and therefore the bears is starting to steer price in their direction. RSI : The RSI has a downwards slope that indicates closing prices is going lower. SL : 1745.00 TP : 1710.00 This is a short term setup
OANDA:XAUUSDShort
by OT_Forex
4
$XRP to underperform $BTC in 2020Don't like this chart for the bulls Consistent lower highs since summer 2017 Bit of a floor around 2000 - 2200 sats Concave price action is really bearish Wouldn't be surprised to see the trap door open on this and see all the ripple moonboys capitulate Possibility of this coin loosing its top 10 seat. Plenty of other projects deserving of the spot. With that said, could easily see a moon spike out of nowhere next altseason, so will hold a small amount of this s-coin. The worst s-coins tend to pump the hardest. Cool names, cool symbol, website design, buzzwords, shill army and advertising > use case, fundamentals, long-term prospects for fomo spikes Just don't be surprised if this takes a massive shit and goes to 200 sats.
Short
by porterstone