288 3
There is a coil pattern forming (descending volume , triangle formation), which is considered a continuation pattern. The past 30 days has been bearish , and I expect this coil to extend the bearish trend . Also, the index has been testing the 23.6% fibb level for the past 2 weeks, and has failed to successfully establish itself in the red range(23.6%-0% retracement). Due to this weakness while retesting the 23.6% level and the coil, I expect a retest of the 38.2% fibb level ($66.4bn).

This chart is a market index I created on Tradingview (market cap of BTC ETH LTC and XRP added together).

I don't like publishing bearish ideas, but I tell it how I see it! Tell me what you guys think in the comments!

Similar formation posted in my previous Idea. A triangle that breaks to the downside.
any reference? (theory links)
HondaJr adoukas
@adoukas, According to Symmetrical Triangle (long term) , Breakout Direction: (The future direction of the breakout) can only be determined after the break has occurred. Do you think the break has already occurred ? If so, when was it ?
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden