Pro traders look for this classic pattern to spot Bitcoin price reversals

Pro traders look for this classic pattern to spot Bitcoin price reversals
фото показано с : cointelegraph.com

2021-8-1 23:11

Crypto and stock traders view the inverse head-and-shoulders pattern as an early signal that a bullish trend reversal is in the making. origin »

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pattern traders early inverse head-and-shoulders signal trend

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Bearish or Bullish? Bitcoin Traders Argue Over Death Cross Outcome

On Saturday, cryptocurrency analysts and traders have been discussing bitcoin’s recent chart patterns and the infamous death cross pattern has been a topical conversation. A number of traders believe when bitcoin’s short-term moving average (MA) dips below the long-term MA, the crypto asset could be bracing for a major sell-off. Meanwhile, others are sure the […]

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This Alarming Pattern Suggests Bitcoin Could Soon Crater Lower

As Bitcoin continues its range-bound trading phase, traders are placing their bets on which direction it will trend next This consolidation has caused the cryptocurrency’s volatility to plunge to lows not seen in over a year It is unlikely that this trend will last for too much longer, as extended bouts of sideways trading are typically followed by massive movements One technical pattern that is strikingly similar to that seen in 2019 is now suggesting […]

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Here’s Why Traders Think Bitcoin is on the Cusp of Printing a $1,000 Candle

Bitcoin has continued ranging sideways within the upper-$9,000 region following a series of rejections at $10,000 The ongoing bout of sideways trading may mark buyers’ attempt to generate increased trading activity from bulls Analysts are noting that Bitcoin is nearing the apex of a large ascending triangle The resolution of this pattern could be the impetus for BTC to print a $1,000 candle Bitcoin has struggled to garner much momentum in recent times, with its […]

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IOST / USD Price Analysis: Traders Taking Profit

IOST has a bearish short-term trading bias, with the cryptocurrency slipping below its 200-period moving average on the four-hour time frame The IOST / USD pair has bullish medium-term outlook, with price still trading above its 200-day moving average A bullish inverted head and shoulders pattern still remains valid on the daily time frame IOST […] The post IOST / USD Price Analysis: Traders Taking Profit appeared first on Crypto Briefing.

2019-4-25 16:59