Is This Chart Bullish or Bearish?

[tokeweed]

Ey guys, I need your help.  Here’s a chart of an alt I’m interested in buying but I’m not really sure if it’s starting to look bullish or if it’s down trend continues...  I mean with the whole market being in the red and all.

But just by looking at the chart, without bias, and just by optics or how it looks, is the chart bullish or bearish?



Edit:  I won’t tell you guys the name of the alt for now.  I’ll tell you later.

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[Engineer7]

I am amature but for just learning purposes I will say something about it.

Downtrend is stopped, bottom forming took place. It could be in a upside channel, however to early. The last candel suggest that it could decrease towards the bottom (close) and then increase to try upside.

[coco23]

This looks like the reversed-BTC chart 

I would say that there are chances for a short-term up movement. Whether the downtrend can be stopped needs to be seen...

[palle11]

Next time you represent your chart in candle option mode. Charts are better understood and interpreted better when in candle sticks because many traders learn and understand candles more.

For the analysis, you maybe having some bear correction but it favours bull in the long time.

[No Pain No blood]

I see there will be a trend reversal. but it's not bullish, if you look at the chart as a whole the trend still shows bear. That's all I can say, I can't go into deeper analysis because it's just an incomplete chart.

[semobo]

Ey guys, I need your help.  Here’s a chart of an alt I’m interested in buying but I’m not really sure if it’s starting to look bullish or if it’s down trend continues...  I mean with the whole market being in the red and all.

But just by looking at the chart, without bias, and just by optics or how it looks, is the chart bullish or bearish?



Edit:  I won’t tell you guys the name of the alt for now.  I’ll tell you later.

No timestamp details then how can you find that the trend of this coin, if you are giving us weekly chart then this maybe the end of the dump but will fall more if BTC dumps further so don't just stick with one chart, keep all the sources you have before making a discussion.

[tokeweed]

This looks like the reversed-BTC chart  

I would say that there are chances for a short-term up movement. Whether the downtrend can be stopped needs to be seen...

Nope, it’s an altcoin.  But since you think it’s a flipped BTC chart then your analysis could be completely biased.

Next time you represent your chart in candle option mode. Charts are better understood and interpreted better when in candle sticks because many traders learn and understand candles more.

For the analysis, you maybe having some bear correction but it favours bull in the long time.

I was just looking for your opinion based on optics and your first impression.  I’m not looking for a complete and detailed analysis.  Lol.

No timestamp details then how can you find that the trend of this coin, if you are giving us weekly chart then this maybe the end of the dump but will fall more if BTC dumps further so don't just stick with one chart, keep all the sources you have before making a discussion.

It’s a daily chart.  And as said, I kept all info so everybody’s opinions stay as simple as possible and based on just by how it looks.  The thing I’m getting at here is making it not biased as possible.

[semobo]

It’s a daily chart.  And as said, I kept all info so everybody’s opinions stay as simple as possible and based on just by how it looks.  The thing I’m getting at here is making it not biased as possible.

So its like the coin is still in the side ways which can move in either way so its not actually possible to find the future movement for now but you know the coin so make research on other sources and also the price of BTC is decreasing so I will not prefer to invest now, you should wait then you may have an opportunity to find cheaper price in the next few days.

[slapper]

The downtrend has been preached and might turn into either sideways or uptrend. From what I see, the selling force has lost their power for many days. I would not enter any trade for such obscure charts. More information is needed to determine whether it is fully reversed to uptrend or not. Both buying and selling in this area is dangerous. If I have this chart, I will zoom closely in smaller timeframe to look for a selling/buying signs

Is this bitcoin upside down chart?

[tokeweed]

^  No it’s not.  It’s an altcoin.    Do you guys think it’s looking more bullish today than a couple or so days ago when I made this thread.  You know...  cos it’s alt szn?

[Zoe Saldana]

^  No it’s not.  It’s an altcoin.    Do you guys think it’s looking more bullish today than a couple or so days ago when I made this thread.  You know...  cos it’s alt szn?

Hopefully, you are not just using price as a technical indicator.

Also, there are bullish, bearish, trading ranges.

[btcsmlcmnr]

Chart only tells story about trend if you have volume. Without the volume indicator, I can not say anything.

It can be the end phase of accumulation if volume is good, it will rally soon.
If volume is falling down to too low, to zero, it is a chart of dead coin. No bounce, no rally after all the falls.

[Christabel247]

It's likely to be bear
But I wanna know the time frame then we can fully explain the chart.
Now this is how it goes
For 5 minutes time frame, I m seeing riversal
30 minutes is consolidating
While in 1 hrs it will be on up trends. But in a week time frame will be in down trend but incompletion of 7days it will moved up causing retracement.

[judaspriest]

honestly this time it is very difficult to distinguish bullish and bearish,
the price of Bitcoin is in the support area and of course the price should go up, but watch the price go down,
I still hold the Bitcoin that I bought at a price of $ 45k, hopefully the price will not continue down

[Ararbermas]

Edit:  I won’t tell you guys the name of the alt for now.  I’ll tell you later.

You can't tell if its a bullish or bearish unless if you use some indicators wherein can tell the right direction of the candles. I highly recommend to use SUPERTREND, WA, MACD and RSI to see if its over bought and over sold, actually there's more useful indicators that can really tell the specific direction of the growth wherein ts up to you if you want make research first.

[int03h]

A chart where we can't pinpoint any timeline or anything. In this case, any good trader would shake his head in disgust.
It is best if you provide more information so that we can discuss it further. Currently, Bitcoin's chart is very bad. As we know most altcoins move in the direction of Bitcoin so in this case, a price drop will occur.

[crzy]

That's a bearish chart and there's a sign of reversal so  the bull might get started if that altcoin able to break the resistance, this is just my speculation based on the candles alone, but in trading you have to put more indictors to compliment each other especially the volume of that altcoin, it can tells the whole possible trend, so don't forget to analyze those and use indicators.

[noorammak]

With the market going downhill like this, I think any altcoin has the potential to break the trend to enter a short-term downside. The trend is strong and hard to resist. I recommend exiting your investment for safety or trying to find a better buy point. This week's drop has shaken up the crypto markets' struggles over the past several months.

[makishart]

I like this thread and that's proven if the TA is not even stronger than FA. that needs a few minutes for bitcoin price to go down caused by fear from the traders and miners to the bad news that came from China. I will not try to predict the current market consider it's totally unpredictable.
So many people have been sharing their TA these TA didn't even work.
Bitcoin is only following the news. That's the fundamental key of bitcoin.

[ivankoh]

Ey guys, I need your help.  Here’s a chart of an alt I’m interested in buying but I’m not really sure if it’s starting to look bullish or if it’s down trend continues...  I mean with the whole market being in the red and all.

But just by looking at the chart, without bias, and just by optics or how it looks, is the chart bullish or bearish?



Edit:  I won’t tell you guys the name of the alt for now.  I’ll tell you later.

At first glance, it looks like a new defi chart, falling wedge in rising wedge... very stiff before BTC breaks hard, I'm curious, it's quite similar to Theta at the original fault line.  The final anchor will be the bullish line.  There is no specific rsi , ma or it will continue to be affected by the break from BTC but it looks like it will make a new bottom.