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Ascending Channel

BTC can break resistance line of channel and continue to growHello traders, I want share with you my opinion about Bitcoin. When observing the chart, we can see how Bitcoin entered the downward channel and is currently trading inside. Inside the channel, the price created a buyer zone, which it tested several times, bounced off it and begin to move up. Now the price is close to the resistance line of the channel and can continue to rise and break through it. After a possible braekout resistance line of channel, the price can continue to move upwards. So, based on this analysis, I see 2 goals for Bitcoin at level 23785 and resistance area 24450-24590. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
12
Yemi_Fx1 | Short for USDCHFFrom 4HTF perspective price has been moving in an ascending channel and currently it's approaching the upper dynamic trendline + area of value. If all criteria are met and the structure holds, then I'm looking forward for price to fall to the base of the channel. I'll be considering A Risk entry type at the top of the structure at an area of value. Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag. Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
Short
by Yemi_Fx1
XAUUSD - Ascending Channel Breakout As Shown XAUUSD has broken out of its ascending channel and impulsed downward giving indication gold may be in a bearish trend now and the trend has reversed. It seems we are in the first wave of the Elliot wave theory which is the impulse wave that is shown on the chart. We may see a further continuation or we will see a retrace to the key FIB levels of 61.8 (1922) or 78.6 (1939) before we see a continuation downward. Either way we should wait for confirmation of the trend line breaking or confirmation of the key FIB levels showing signs of resistance. I marked this Idea to be Invalid around 1961 and the target levels to be around 1830 and 1777. Upgrade your trading with me For FREE SIGNALS and if you would like to see updates on this idea and many more please follow: @wrightwayinvestments @wrightwayinvestments @wrightwayinvestments ✅ Hit the like button, and share for more!
OANDA:XAUUSDShort
by WrightWayInvestments
4
Ethereum is ready for a massive pump! (again) It has been one of the best 2 months in crypto history, with tremendous gains on altcoins. Euphoria is at a very high level, but it's going to be even higher because ETH is forming this incredibly bullish pattern! My main focus is and always will be on altcoins, and I am monitoring all futures + spot pairs on major exchanges. I prefer to trade on leverage, so you don't need too much margin compared to the spot. Ethereum's chart is displaying an inverse head and shoulders pattern, and I am confident that once we break the neckline, we will see a massive green dildo, which is why you should be in. It's a good idea to buy ETH right now and set your stop-loss below the right shoulder. You don't want to wait for a confirmation! You want a higher risk-to-reward ratio instead. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. On higher timeframes, ETH has been moving in an ascending parallel channel on the LOG scale. This channel is indeed very resistant; make sure you are aware of it. From the Elliott Wave perspective, the wave structure is totally incomplete. We are still in the 3d wave, and we have plenty of time for the upcoming uptrend! Some altcoins are skyrocketing with 100% - 500% gains already. Do not forget to take a look at my previous analysis on BTC - "30k next stop, then big crash! (Whales plan)." Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
71
EURCADEURCAD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
4
USDJPY M15 UPDATEUSDJPY seems to be losing some STEAM on this current uptrend, which is to be expected as we have gained some significant value and rather quickly since USDJPY hit its bottom around the 128 area. Multiple tests of the upper channel trend line, and a consolidation of the price action give clues to the next move. A retracement and retest of the BOTTOM CHANNEL TRENDLINE on our h4 chart is very highly likely. Look for another rejection of the upper channel and subsequent bearish momentum candle for short entry. ALTERNATIVELY, Swings can safely be resumed around the bottom of the channel, near the 133 zone. Some traders MAY mislabel this pattern as a HEAD AND SHOULDERS, although the structure is similar, labeling this pattern as such can cause confusion as the price action could easily retest and return to the top of the channel. NECKLINE of a "potential" Head and Shoulders pattern has been drawn to illustrate the break of the neckline and the invalidation of said pattern. Remember traders, keep it simple, trade what you see, dont over analyze
by NakedTrading4U
2
Bitcoin - Another 10% increase is likely, long here! Bitcoin looks extremely strong these days; there is probably nothing that can stop the rise at this moment. This is an analysis on the 1h chart that could give you 2 potential trades. On the first trade, you want to buy/long the ascending triangle's support. If this trade fails for some reason, there is another trade that you could take. It's at the start of the ascending triangle, which is also a significant swing low, and below this swing low is a huge gap, so it's very positive for a long trade! Now, where to trade profits for this trade? It's not that hard in this case. If we take a look at the parallel projection of the ascending triangle, we can see there is a dynamic resistance, so once the price reaches this level, you want to take profit! Exchanges do not support dynamic take-profit targets like profiting at the trendline. At this moment, you have to use some 3rd-party programs and an API interface. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. From the Elliott Wave perspective, we can see that the price has been moving in 5-wave impulses to the upside in the main direction of the trend and in 3-wave corrections to the downside. By identifying these patterns, we have a higher chance of success in these trades. This is my plan for Bitcoin on the 1h chart. I trade these moves on the futures market in addition to my spot holdings. By taking these trades, you will gain a pretty good risk-reward ratio, specifically one above 1:4 depending on your stop loss. Bitcoin should reach a price range of $28,000 to $30,000 in the immidiate short-term. If you do not know why, take a look at my previous analysis below! Remember to trade with the trend and only go long to increase your chances of success. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
76
BITCOIN close to ascending channel support 📖🚀Hello 🐋 we expected the retest of the support zone (ascending channel support) to be completed ✔️ if the price doesn't break the support zone to the downside and just complete the retest, we will see more gain, at least to our upper trend line 💣🚀 otherwise we can see more correction to lower support level ❌🧨 if breakout of the upper resistance zone be completed, we can see more pump to the upside ✔️🚀 besides brief amount of red candlesticks to the downside before any other movement is logical 📖💡 👌 Notice: pay attention to the price on shortcut chart (located below the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
9
Bitcoin - 30k next stop, then big crash! (whales plan) This is a strategic plan on how to play the upcoming price action on Bitcoin in the next few weeks. As a trader, you have to see it! As we can see, Bitcoin pumped with a strong impulse in previous days, and the 30k level currently acts like a magnet because there is no resistance on the way up other than this. You probably want to trade with the trend, so I would recommend only long positions to increase the probability of a successful trade. I've been using this strategy since the start of January, as you can see on my profile. After we hit 30k, there will be a tremendous dump, and this dump you can short. We have a lot of confluence to short bitcoin in this region; see my previous analysis in the related section down below for more info. After we hit 30k, Bitcoin will take a break, and we should see an alt-season. Of course, there will be an initial dump for the whole crypto space first. So make sure you know what to do! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. The price has been moving in the ascending parallel channel on the log scale. This channel is very well respected, and it's very important to watch it because if it breaks, then the uptrend will be exhausted. Make sure you follow me, because I will warn you if this happens! You want to stay updated. You can see my Elliott Wave count on the chart; we are in the 5th wave of the first major impulse wave to the upside, which is a sign of a huge bull market. Bitcoin could reach 130,000 USDT in 2025 and even more. Thank you, and for more ideas, hit "Like" and "Follow"! All of the reasons to take profits or short bitcoin above 30k can be found here:
Long
by UnknownUnicorn2537518
137
Bitcoin cycles: comparison and forecast (must know) We are currently in the new bullish cycle on Bitcoin, based on physics, statistics, mathematics, and logic. But the market can sometimes be unpredictable and go to zero. In this case, we are all doomed. This is the LOG scale on the weekly / 2W chart. That basically means we can't go up at the same rate and angle because bitcoin would cost more than $10 billion in the next few years. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. On this particular chart, the bull market from 2015 to 2017 has an angle of 48 degrees. The bull market from 2019 to 2021 has an angle of 35 degrees. The prediction is that this current bull market has an angle of 27 degrees. On this particular chart, the bear market in 2014 has an angle of 51 degrees. The bear market in 2018 has an angle of 51 degrees, which is the same value as the previous bear market. Bear market 2022 has a lower angle of 44 degrees than the previous. The next bear market in 2026 should have a similar or lower angle than the previous bear markets. From a time perspective, classic bull markets last for 1064–1071 days, and bear markets last for 364–406 days, as you can see on the chart. With this data, we can predict that the current bull market is going to end sometime in September 2025. Hit "like" right now if you think this is an interesting analysis! I know more about Bitcoin than the majority out there, and I have been trading it for a long time—longer than the majority out there. Bitcoin moves in cycles because of the halving events that cut in half the reward for miners. Now the question is: What is the price going to be in September 2025? Well, Bitcoin is not going to make you extremely rich. It's too late for the party; you should join in 2010 or 2014, when people got rewarded for their skills to buy Bitcoin cheap and early. But still, bitcoin is a store of value and will increase your wealth by a significant amount, compared to gold or stocks. 140,000 USDT is a reasonable target for 2025! If you want to make 100x or 100000x your money, the only option for you is to search for hidden gems or use high leverage on the futures market with a trading system and strategy. Both are indeed very hard and risky, but they're doable! Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
83
SITHAI | Elliott Wave Uptrend 5-Wave Projection | Ascending ChPrice action and chart pattern trading: Elliott Wave 5 wave projection > Ascending channel global pattern with i - iv wave ending diagonal formation : ii wave retraced 0.786 of i wave, iii wave ABC diagonal extended 1.242 of i wave with a bull outlook of further rising. > 4-wave could retrace below the current local rising triangle wave as a temp bear outlook. > Final 5 wave projected between 1.0 of local i wave and 1.618 extension of iv wave > RSI and MACD bullish signal above baseline. Always trade with affordable risk and respect your stoploss.
SET:SITHAILong
by dukeposh
BTC Price Analysis - 20100Hi All As you can see we a channel running that was pierced to the top, when a channel is pierced and PA re-enters the channel and exits on the other boundary the measured move is equal to the full height of the channel. We can see the RSI divergence we had last month, then a down trend, RSI recharge, down trend. I am expecting some sort of range for the RSI to recharge and then the last leg down. into the 20xxx area. The RSI here is just listed for those who want to see how long a trend can go on and when it pauses as it can be a good indicator of momentum. So much for the TA kings that kept ignoring all the signs. Not Financial Advice !!
Short
by theChartGuru
Bitcoin - Prediction of the future! +20% this month. This is what I expect from BTC in the next few days / weeks. I think everyone is still very bearish, so it's time for a massive, mind-blowing pump! On the chart, you can see my prediction of the price action and how it could possibly look. Bitcoin is still pretty much consolidating in this parallel channel, and that's why we should see an explosive move very soon. If you want, you can wait for confirmation, which is a bull break of the local flag pattern. The aggressive entry was below the FOMC candle, which is where the majority of traders' stop losses are. Bitcoin is currently sitting in a very strong support zone, and it's hard to see a breakdown at this point. I don't want to short the support. Usually I want to long the support. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. The trendline from December can be your next profit target. You cannot see the start of the trendline, but it started on December 14. Sometimes it's better to take a look at ETH, because we can see a clearer chart. The price action on ETH is much more enjoyable, and to be honest, I see a big pump soon! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
76
EURUSD on a retracement move 🦐The EUR/USD currency pair was in an upward trend and moving in an ascending channel on the chart. At the top of the trend, the market grabbed liquidity at the 1.1000 level. This sudden and sharp movement to the upside could signal a potential trend reversal and traders should be cautious. The break of the key support level at 1.1000 lead to further declines and a test of the 1.0800 level before the EU market open. If the price breaks below the key support level at 1.08000, it would indicate further downward momentum and traders can consider a short selling opportunity, before entering a short trade, traders should closely monitor the price action near the support level and look for confirmation from The plancton's strategy rules.
by InkyGrip
1
BTC UPDATE! NEXT POSSIBLE SCENARIO!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is rejecting from the $24k level and slowly going down. It is forming an ascending channel pattern in 4hr time frame and currently trading around the lower line of the channel. We have crucial support of BTC at the $22.3k-$22.8k level. Break and closing below $22.3k will be bad for the market and then we see more correction. If it holds the $22.3k-$22.8k area then we expect some bounce. Let's see how the price reacts in the next few hours. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
by CoreCrypto1
4
Ethereum - Ready for explosion! (Must see) ETH is a ticking bomb at this moment, because my analysis suggests an explosive move is about to happen. I hope your bags are full! As you can see, the price is breaking out of a bullish pennant on the 4h chart with a successful retest. What more do you need? The price is moving in an ascending parallel channel, and it's very important for ETH to hold this channel; otherwise, we are going to lose the bullish momentum. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. From the Elliott Wave perspective, we are currently still in the 3rd wave, so you don't need to worry about a potential crash; it's not going to happen. During wave 4, we will see a small pullback, but nothing dramatic. After we finish this whole impulse wave, then it's going to be awful, and the bears will step in. The first stop is the next strong resistance. Quarterly / monthly highs and 0.5 FIB are definitely strong resistance, there is no doubt about it. This could be your profit target for this trade if you want to trade in the short term. Since the start of the new year, I haven't opened any short positions on futures. I only trade longs at this moment, and this strategy is indeed extremely powerful, because the trend is your friend. Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
68
BTC/USD - Interesting times ahead with an Ascending ChannelBTC/USD 1 day chart quick update. Here is a closer look at this 1 day chart. BTC is in an Ascending Channel Pattern. BTC is still in a Falling Wedge Pattern. BTC is still in a Descending Channel. BTC is still in a massive Ichimoku Y Wave Pattern. At the moment of typing this, BTC is fighting to stay back above its 200MA. If BTC CLOSES this or tomorrows daily candle ABOVE the 200MA and stays above it, and we see a successful re-test of the 200MA as strong support, then we could see BTC attempt to break out of its Falling Wedge Pattern upper trend-line. Note that BTC has not closed above its 200MA since Monday 27th December 2021. Note that BTC is also back in the Bullish Zone of its Ichimoku Cloud. Looking at the Bollinger Bands, we can see the Bollinger Bands Upper and Lower Bands are expanding away from each other indicating increased volatility for the upside because the Middle Band is also pointing upwards. The Price is also walking up the outside of its Upper Band. Looking at the Relative Strength Index (RSI) we can see that the RSI is in the Overbought Zone on this 1 day timeframe. The RSI is still above its 9 Period EMA. With the RSI in the Overbought Zone doesn’t mean it will drop as the RSI line can range sideways for a prolonged period of time. Interesting times ahead if BTC manages to CLOSE this daily candle ABOVE its 200MA and then its Falling Wedge Pattern’s upper trend-line. A successful re-test of these 2 levels as strong support will be further confirmation that the bottom is in and a new uptrend has started. Note that after such a huge rise, maybe not yet, but we should expect at some point a correction downwards on this1 day timeframe. Who knows, if this continues, we may eventually see a Golden Cross on this 1 day timeframe when the 50MA crosses back above the 200MA. I hope this is helpful with your trading and hodl-ing. Correction on chart as i had the wrong trend-line signed above for the Ichimoku Y Wave lower trend-line. Below is the correction. Apologies.
BINANCE:BTCUSD
by TradingThroughTheLens
1