Get started

Broadening Wedge

Bitcoin - Short term bull ideaKeep it plain, simple and minimize the noise! We nailed our last few trades! :) Sorry for the phone upload, but here we see the bull flag we were watching has turned into a descending broadening wedge (bullish pattern). If we get our confirmations, my target is around 33-34k. Also not surprised if we just nuke straight through this, as the market is clearly bearish . At the moment - the market is sideways, choppy and RISKY. I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade. Comment your ideas down below :)
Long
by tradermoth
XTZ broadening wedge#XTZ/USDT $XTZ is inside weekly broadening wedge pattern, and price is near lower line. 🐮 holding the lower line of wedge that is the same with support zone, will increase price to resistance around $4 and break out from this resistance will head up price toward resistance of 0.5 fib level that is the same with ascending trend line. break out from ascending trend line in long term will increase price to upper line of wedge that is the same with 1.414 and 1.618 fib levels. 🐻 break down from lower line of wedge will drop price to support around $1.5.
BINANCE:XTZUSDLong
by parissap
2
BTC: BREAKOUT!! Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC/USDT update. BTC looks good here. BTC is breaking out from the descending broadening wedge pattern in a 4hr time frame. Holding the $45k support very well so far which indicates that bulls are still in control. All we need now is to break above $47k resistance and then be ready to go above $50k If any 4hr candle closes below $45k then this pattern will be invalidated. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
14
BTC LTF UPDATE! $50K OR $43K?Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC/USDT update. BTC looks fine in LTF. BTC is making a broadening wedge structure in 1hr time frame. Currently, it is trading at $45,900 and holding the support of $45,500 well so far. I'm expecting a good bounce from here. BTC has a resistance at $47k. Once it breaks as well as this broadening wedge then we are ready to go $50k If BTC looses $45,500 support then next support for BTC is at $44k and at $43k I'm expecting a big move incoming soon. Let's send it to $50k What do you think guys? Do you think $50k is incoming or we have to see more correction? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
1
ENJ In in a Broadening wedge & It can Do 2 Things!ENJ is in a Broadening Wedge Pattern. This Means It can range In It Since There is no Break out Happend yet! But The odds of Doing a Break out Right now Is Not Zero! Since The Market Has Started a New Bullish Trend It is Possible for ENJ to be able To Break the Broadening Wedge Pattern.Right now The Best Support Level for ENJ Sits around 1.7$. There are 2 Scenarios Right now! One Is That ENJ would Like To Stay in The Broadening Wedge & Reach 2.150$ and Start Correction From The Top of it Back to the Mentioned Support Level! another Thing Is That Enjin Coin Would Break the Pattern and Start a Strong Bullish Wave From There! The Biggest Resistance afterward is 3$! We Shall See The Reaction From The Resistance (2.150$ The Red line ) Soon! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
20
🌳BTC has a Great Bullish Chance !🔵🟡Chart is speaking it self! Bitcoin / U.S. Dollar -BTC Is in a Broadening wedge. -The Price can range in this pattern as long as there is no Break out. -Right now The Price is at The Bottom of the Pattern -(+HD) on Both MACD & RSI -The Odds of A Great Bullish Movement Is High! - The chart is in Weekly Time Frame -Mid Term Target 72K! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
COINBASE:BTCUSDLong
by CobraVanguard
13
$MCD to 236 by end of quarter or all time highs$MCD - it took out the quarterly top, is now below 50% on the quarterly, and will likely make an outside bar candle (3) to take it to 236 by the end of the quarter. SHEEESSHHHH. This could also go the other way and look to make new highs again. Quarterly (White Fib & Red 50%): Currently a 2-2 with the high taken out, possible 3 down candle this quarterly as price has now passed 50% at 252.93. Monthly (Blue Fib): 2-1D Monthly 50% trigger Weekly (Yellow Fib): 2-2D Weekly Bearish Continuation if it breaks 250 to the downside. Also has the potential for a Bullish Randy Jackson if price breaks above 256.92 which also happens to be the weekly rejection to the downside. Daily (Grey): 2-1D Bearish Continuation or 2-1U Daily Reversal. Volume Sentiment: The downtrending candles show more volume of sellers when compared to buyers on the uptrend. I would expect this trend to continue if we are expecting to see 236 by the end of the quarter. Should this ticker decide to get bullish, I will be watching for price to move to the upside increased volume of buyers for confirmation. Bullish Targets: Look for a break above 252.29 on the daily with volume and take it up to 254.6. Should things continue with volume and if the area turns into support then you can take it up to 262 for the Bullish Randy Jackson for the week. Bearish Targets: Look for a break below 250 on the daily with volume. Take it to 245.25 and 243.95. If we retest 250 and aren't able to break above that then you can continue to take it down to 236.16 for the rest of the quarter. Overall I look for MCD to keep it hot with many options from the dollar menu bearish continuation to the big mac daddy bullish Randy Jackson (with volume) should things reverse from here.
NYSE:MCD
by GammaRayGoated
DOT/BTC: Expecting Bullish MovementHi every one DOT/ BTC DOT/BTC is in a Broadening Wedge Pattern. This Means The Price has a Great chance To Still Range In This Pattern cuz There is No Break out Here yet. We Can See That The Price is right at the Bottom Of The Mentioned Pattern. So This Means The Price has a Great Chance to Increase From Here and Reach The Top of The Broadening Wedge Pattern Which is also a Resistance Zone For it as well. There are also Regular Bullish Divergences (+RD) On MACD & RSI which Makes Us Think The Expected Bullish Movement is Pretty Reliable. What Is Polkadot (DOT)? Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3. Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community. Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services. The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain (explained further down). Polkadot’s native DOT token serves three clear purposes: staking for operations and security, facilitating network governance, and bonding tokens to connect parachains . Polkadot has four core components: Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains; Parachains: independent chains that can have their own tokens and be optimized for specific use cases; Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model; Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum.
by CobraVanguard
2
Bond Broadening - in 3DVolatility is the name of the game as the major indexes were in a big range all week. The Nasdaq is testing it's 2 hour UBB with a Bull Flag under resistance. The Russell 2000 also has a Bull Flag after finding 2hr LBB support, setting up a potential Lower High under the 2h 50 SMA. The Bonds gave back the bull break during the FOMC meeting and are now showing a choppy head and shoulders, on the 30 minute, which does not have the nice rolling shoulders. The weekly iH&S neckline remains a point of control.
TVC:US10Y
by Pennywick
We look for Reversals...Just an insane day in the Markets, As we knew.. we did not hold short. What did we know, we look for a reversal. We hit our outside quarter target and fell a bit more towards our 420 level before ripping almost 20 points into the close. Is this the bottom? It does NOT MATTER. We trade what we see, each day is a new day. This market can fall just as quick. We add our probabilities and take the highest set ups. Good job to those who caught the reversal here.
AMEX:SPY
by MoneyFlow_Options_Community
ATOM's Movement scenarios In The Next Few DaysHi every one COSMOS / TETHERUS ATOM is in a Broadening wedge. The Price is gonna range In this Pattern For Now Since There are no Clue of a Break out or Sign of It. So right Now The Price is at The Top of The wedge But It shall Start To Decrease Soon. ATOM has Not been Able To Break It's ATH 3 Times in a Row(Around 44$) So The Odds of Doing It for The 4th Time Is Pretty low. In The Best Possible Scenario It would Decrease to The Drawn Support Zone and Then It would Start To Increase Again. Even a Break out Might Happen & we would See ATOM above 44$! This is only an idea and not a financial advise ( NFA )🔴 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
5