De_Dommex

A descending triangle is a technical analysis chart pattern used in trading and investing. It's a bearish continuation pattern that forms when:1. A price consolidates within a triangle, with2. A falling upper trendline (resistance) and3. A flat lower trendline (support).The descending triangle indicates a breakdown below the support level, suggesting a continued downward price move. It's considered a reliable pattern, as it shows selling pressure increasing while buying pressure decreases.Key points:- The pattern typically forms during a downtrend.- The falling resistance line shows decreasing demand.- The flat support line represents a level of supply.- A breakdown below the support level confirms the pattern.- The target price is estimated by measuring the height of the triangle and subtracting it from the breakdown point.The descending triangle is a strong indication of a potential price drop, and traders often use it as a signal to sell or short a price. As with any chart pattern, it's essential to combine it with other technical and fundamental analysis tools for confirmation.

As you can see so far bitcoin has been bullish since 2023 after a bullish move comes a bearish move in today's analysis we can see a double top and price just break below the support making the double top a valid signal, Bears are a control once again. A break of that support send BTC to a downtrend movement

A descending triangle is a bearish chart pattern used in technical analysis to predict a potential downward price movement. It's formed by drawing two converging trend lines: 1. A descending resistance line (upper line) 2. A horizontal or slightly sloping support line (lower line) The pattern appears as a triangle, with the price action contracting and consolidating between the two lines. Here are some key characteristics: 1. The upper line connects a series of lower highs 2. The lower line connects a series of equal lows or slightly lower lows 3. The price action is contained within the triangle A descending triangle can be a powerful signal, but it's essential to combine it with other forms of analysis and risk management techniques to ensure a well-informed trading decision.

A falling wedge is a technical analysis chart pattern used in financial markets,It's a reversal/continuation pattern that forms when a security's price is falling, indicating a potential trend reversal. A falling wedge consists of two converging trend lines, with the upper trend line sloping downward and the lower trend line sloping upward. The pattern forms when the price action is contained within these two trend lines, creating a wedge shape. Here are the key characteristics of a falling wedge: 1. *Bearish trend*: The security is in a downtrend, and the falling wedge forms as a continuation pattern. 2. *Converging trend lines*: The upper and lower trend lines converge, indicating a potential reversal. 3. *Downward slope*: The upper trend line slopes downward, while the lower trend line slopes upward. 4. *Price action*: The price action is contained within the wedge shape, with the security bouncing off the trend lines. 5. *Breakout*: A breakout occurs when the price closes above the upper trend line, indicating a potential trend reversal. A falling wedge can be a reliable reversal pattern, but it's essential to consider other technical and fundamental analysis factors before making trading decisions. In this situation price just break above the down trend line and also the candlestick closes above a resistance of 65,000 indicating a continuation of the bullish run. The bulls once again I control of the market. Remember, technical analysis is not a guarantee of future price movements, and it's always important to do your own research and risk management.

A symmetric triangle is a chart pattern formed by two converging trendlines, where both the upper and lower trendlines slope in towards each other. This pattern signifies a period of consolidation in the market, where buyers and sellers are indecisive about the future direction of the price. As the price oscillates between these trendlines, the trading range gradually narrows, creating a triangle shape. Symmetric triangles are characterized by decreasing trading volume as the pattern progresses, indicating diminishing volatility and potential for a breakout. Traders often anticipate a significant price movement following the breakout from the triangle pattern. However, the direction of the breakout is not predetermined, so traders typically wait for confirmation of the breakout by observing a decisive move beyond one of the trendlines accompanied by increased volume. Once the breakout occurs, traders may enter positions in the direction of the breakout, expecting a continuation of the new trend.

This is a descending triangle on a Higher TimeFrame. I love chat pattern they are always great and they show end of a trend or a trend continuation.Chat patterns are always a good signal in the market will be looking at the Descending Triangle in a triangular form and it broke above the TrendLine shows that the Bears and no longer in control of the market giving room for the Bulls to take control

This is a double bottom on a monthly time frame I would rather prefer looking at it in a line chart but for viewers who loves to view in candlesticks this is for you. A double bottom formed in a downtrend is normally used to describe as a reversal pattern especially when is in a big picture monthly time frame. A break from the neckline sent it above indicating a reverse in trends which means the bull wins again.

Hey guys!!! If you have been looking forward to join the bull run you'll be thinking what kind of coin should I get this is the right coin with the inverted head and shoulder change in reversal pattern formation, giving a signal that the bearish move has come to an end inverted head and shoulder is a chat pattern that indicates a change of direction of a trend.Trade closed: target reached: Just exactly how we got the signal. The inverted head and shoulders in a down and on a weekly time Frame gives a big picture that the down trend has come to end. Now the bulls has the market. So we can exit our trade with our profit we had and of course for position/swing traders you can hold your position.

Falling wedge A falling wedge. Price continuation of a bull market. Falling wedge is a CHART PATTERN formation that can be traded as a trendline breakout where the candlestick break above the down trendline, which it just did on H4 timeframe. Which lead to a bias that the bulls are getting control of the martket. BTC

Chart pattern Price just make a chart pattern formation. Based on how price chart pattern works the candlestick will have to close above or below the trendline to identify where next price is going in the scenarios price break above the down trendline line giving a signal that price is about to be bullish.