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Falling

If wedge breaks up on current 4hr candle target= 11.9kI was anticipating we would break out of the wedge slightly lower here bu considering the previous 4hr candle closed as a bullish engulfing candle we could close the current one above the wedge and maybe even break here...if no I anticipate the 9924 horizontal will be the zone we break up from. I still think its quite likely we will be retesting the 1 day 50ma again before the larger 1 day and weekly consolidation is through.
COINBASE:BTCUSDLong
by DrDovetail
Could MATIC make us all rich? (or will alts just die)I don't know what matic is, but this coin has been forming a bullish falling wedge pattern for a while now. could this be the bottom of a huge bull run in the future? will altcoins just continue to die after all of these coins finish going up? I have no idea. but if you are just looking for an in-and-out trade instead of a long term investment I would certainly suggest to look at matic and some of these other altcoins that seem to be forming very big falling wedge patterns in BTC valuation.
MLong
by jambalulu
2
ICX should go up soon?I'd say so by the look of that falling wedge, right? This could be the kind of pattern that drags on for a while, nullifying both lines over and over until it finally completes and breaks out, but it also can start going up real soon, as we are reaching the apex of this current pattern.. It probably depends on the entire alt market- if BTC turns over and starts correcting soon I would think it more than likely for ICX (and many other altcoins) to break out of this bullish pattern for some upside bull action for a while, and ICX specifically looks like it will probably give good returns from the current price, at probably around at least 2x (100%) or 3x (200%) of its bitcoin value by the end of its short term run.
Long
by jambalulu
1
NEO \ BTC falling wedge in a downtrend? maybe...NEO\ BTC Analyzing NEO BTC (bitance) chatd we see a very very long downtrend from April (0.009 BTC) to August 2018 ( 0.0024 BTC) On september NEO broke downtrend and has entered in a falling wedge triangle where now we are in. Falling wedge in a downtrend is a bullish signal so we expected IF NEO dont broke lower support a testing in area 0.003100 BTC IF NEO broke down support.. well... there's no other support... free fall to hell. MY PERSONAL TRADE (it's only my personal trade not a suggestion!!) ORDER LIMIT: BUY ORDER if price reach 0.001635 SAT (now 0.001623 sat) i'll lower this entry point every 5 sat (0.001630 when reach 0.001618 and so on) please fell free to comment below. Thank's. F.E.
Long
by EmanueleFerrari
1
Price finally hits breakout target from march's falling wedge!What an incredible bull run it's been thusfar these last three months for btcusd. Of course we've been expecting an eventual climb to at least $7229 since february and looking back over my previous charts you can see we've been charting the falling wedge breakout target since march 11th and the wedge itself as early as mid february. Not only did we finally hit the breakout target of this white falling wedge we went slightly farther and hit the blue horizontal support line that we have had set up for almost as long just above the wedge target at $7427. It always amazes me when crazy pumps like this happen to find their moment of retracement at trendlines that I've charted long before the price breakout had even began and this time is no exception. You can see this blue line in my previous weekly chart idea as well. Normally in a circumstance such as this I would have set up a limit sell right at that trendline with a stop loss a few pips above the trendline but this time because we are in the midst of a parabolic uptrend I will likely just hodl and buy dips to be safe until I see the weekly stoch rsi break under the support trendline that's been propping up momentum this entire bull run. until I see that break im playing it safe because I actually tried to catch a quick dip around 5.8 that never came and had to scramble back in and I refuse to repeat that I will be relying instead on my lower low/lower high and buy/sell line strategies to decide when to sell and until i get those signals I will only hodl and buy dips...however the greed fear index right now is on extreme greed which is always a bearish sign, plenty of bearish divergence on multiple indicators, retracing a bit right here at the horizontal blue trend line we have just reached would create the perfect possibility for a monthly cup and handle pattern to form its handle, and we're gonna have to break under the weekly stochrsi's support trendline in the not so distant future. A correction is well overdue but in a parabolic run like this all bets are off especially when so many new institutional investors are aware the bull market has just arrived again. so my strategy until I get the right bearish signals will be hodling and dip buying. We should know in the next couple days or so if we have more room to continue up or correct, but for now I leave this idea neutral.
BITSTAMP:BTCUSD
by DrDovetail
BTC price close to reaching falling wedge target from March 11thAmazing to see the price action this close to reaching the projected breakout target from the bullish breakout of the falling wedge that we had recorded al the way back on march 11th. I was confident we would come close to hitting this projected target but honestly thought we'd see at least one retracement before we got as close as we are now. We can see we just hit the breakout target from the weekly bullflag we had just broken up from at 6888 whether or not we will continue up from here without a retracement is uncertain but shorts are still surprisingly high so we may have another leg up potentially which would allow us to reach the big white falling wedge's full target. We must remember however that falling wedges are one of those shapes that doesnt reach its full target as often as some of the other chart patterns so to even get this close is impressive and to do so before any corrections is even more impressive. I had originally called for a breakout from this wedge around february 18th but had predicted the breakout would occur slightly before march 11th so originally had the breakout target at around 7.6k but once the breakout was fully confirmed a few days later we honed the target to around 7229 so there is a chance we can still continue up from here. FOMO can easily fuel us a little more until longs start to pick up more steam in which case the momentum will start to shift the other way. Exciting times in btc and no doubt a clear sign we have reentered the bull market. Because of that this idea will be listed as long even if we do finally have a correction soon the not so distant future(next 3 years)should be quite bullish.
BITSTAMP:BTCUSDLong
by DrDovetail
EURUSD Falling WedgeA bullish wedge is what we can see here on the lower timeframe (1hr), I'm trading this as shown on the chart. We see the price closing in what means the bears are losing control pushing the price down over the buying up from the bulls. This can be traded on the breakout, but with a narrow wedge like this there is more chance missing the entry. You could also watch for a price lower, the RSI is not oversold yet but that is just an indicator that would conform your entry on a support or resistance. Notice that I'm regularly trading on closing wedges rather then breakout since I'm not a fulltime trader and can't watch over the markets all day everyday. Also this would not be my trading style because I don't want to get emotional involved with the markets, my way of doing this is just to spot a pattern and stick to the plan. Thanks for reading and have a good day! Wesley
Long
by W4DL
Are you prepared for the next 30 plus percent off???We are in the end of this bear trend, but we will fall a little bit more one more time. Be prepared to the fast fall! If you are longing with leverage, don't forget to set your stops to prevent liquidations. In my opinion, in the next weeks, we will fall to USD 2750, maybe with a leg touching the USD 2400 or something like that, and then Bitcoin we will rise up slowly back to USD 3400/4500 level for a few months. But, this will be the cheapest price we could see bitcoin ever again, so don't think this will be the end! Believe, this will be the begin of the preparation time that market needs to next and biggest Bull rally!
BNC:BLXShort
by RodrigoKazuma
Total Marketcap Weekly 200ma vs 20ma continues. At crucial pointWe can now see on the Total Marketcap's weekly chart we have managed to inch our way above the weekly 20ma's strong support. We need to of course close 2 consecutive weekly candles above this MA in order to confirm we have flipped it from strong resistance to support however and we can see the weekly stoch rsi is currently overextended and could potentially see a bearish cross here in the near future. For that reason, I'm not yet sure that the bulls will win the battle between the 200ma support and the 20ma resistance...If we do dip back below the 20ma before closing 2 weekly candles above it, my guess is we will be dropping back down to at the very least retest the weekly 200ma's support and possibly even break through it. I think if this occurs it will probably result in capitulation and even though we ma break under the 200 weekly I think on the weekly chart we will still ultimately find support there with maybe a huge wick to the downside dipping below it as capitulation. From there hopefully we would see a big bounce again provided by the 200 weekly ma that could have enough momentum to finally break us firmly above the 20 ma..and finally be done with the bear market. Of course if we see 2 weekly candle closes above this 20 MA I will instead be confident that probability strongly favors the bottom is already in and we should then see a corresponding significant bullish surge to go with it that takes us towards the breakout target of the larger falling wedge. We will likely find out in the next week which way we will be heading.
CRYPTOCAP:TOTAL
by DrDovetail