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BTCUSDT Falling wedge and demand zone The price got a rejection from the 0.382 Fibonacci level on the monthly timeframe. On the weekly timeframe, we can find the higher low. As you can see in the video the price created a demand zone around 33k, and the price could retest this area if the price is going to have a new bearish impulse. On the 4h timeframe, the price is going to create a falling wedge. How to approach? IF the price is going to have a breakout from the falling wedge and SATISFY our rules, we could open a new long position, otherwise, if the price is going to have a bearish impulse we could see a retest of the demand zone on 33k area. –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Long
by InkyGrip
20
ETHUSDT needs to have a breakout from it!On the monthly timeframe, the price got a rejection from the 0.5 Fibonacci level and on the weekly timeframe, the price created a higher low. the price is creating a falling wedge on the 4h timeframe and now the price is testing the daily dynamic support. how to approach? IF the price is going to have a breakout from the falling wedge and retest the 4h resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
ETH: WAIT FOR BREAK THIS BEFORE PRESSING LONG OR SHORT BUTTON!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ETH/USDT update. ETH is bouncing nicely from the lower trendline of the wedge. Now it is moving towards the breakout point. If ETH breaks and close above this wedge then we see some good movement in ETH and Altcoins. If it again rejects from the wedge breakout point then we might see another lower low. So it's better to wait for some confirmation to enter in any trade setup. We will be posting some Long or Short trade setup after we got the confirmation. 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
$BTC - is it time for #bitcoin to breakout?!BTC has been forming a falling wedge lately, which I have shared in my ideas several times yesterday's dip confirmed its support line and brought the price up by a few % putting it back into the falling wedge asap I want to share this signal the MACD printed in the last days: a slight bullish divergence formed, and the macd line looks ready to cross the signal line, which, being it below the 0 level, would mean a big uptrend incoming if we also manage to break out of the falling wedge with it drop a like and follow if you enjoyed, and please let me know what you think about this in the comments!
Long
by opop777
ALICEUSDT is creating a falling wedge. Ready for breakout?The price is creating a descending channel on the daily timeframe and the price created a double bottom on the monthly support on 5.7$. On the 4h timeframe the price is trying to create a new higher high inside a falling wedge. After the first impulse the market is testing the 0.5 Fibonacci level. How to approach? The price needs to have a breakout from the falling wedge and descending channel, flip the key level on 6.4$. IF the price is going to have a breakout According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
6
Falling wedge pattern with big profit expectancy 3-5 fold $APT The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. In general, a falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend. This article explains the structure of a falling wedge formation, its importance as well as technical approach to trading this pattern. We will discuss the rising wedge pattern in a separate blog post. How to trade it : A: falling wedges entries are right on the breakout however , such a mega falling wedge to be played differently. Entry: after breaking the wedge's upper border at point (5), either with an entry after the breakout, or after a possible retest of the upper border's breakout rate. Take profit: identified by measuring the vertical distance between the first resistance (1) and the first support (2), that measurement is then applied from the breakout rate (5) Stop loss: can either $3 price mark, or a Pre defined level per your trading conditions however , you should give the trade a room . B Buy and slice while it's moving up . The setup is crazy and might go five to ten fold increase , Yes I know what I'm talking about , Check my other ideas here $INDO . Check out Good luck!
AMEX:APTLong
by K-alonzi
1
ENJUSDT is creating a dalling wedgeThe price is testing the daily support on 1.3 inside a falling wedge after a rejection from the 4h resistance. Daily support is a key level. On the bigger picture, we can spot a demand zone above the weekly support on 1.176$ How to approach? the price could have a pullback until the previous 4h support now resistance on the dynamic resistance as well. If the price is going to have a rejection, we could see a new bearish impulse until the weekly support. The scenario is going to invalidate if the price is going to have a clear breakout above 1.4 ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
Short
by InkyGrip
2
BTC Fake Break Down or a New Downtrend in marketHello Traders, Weekly close was more of a Downtrend Depletion with a Doji being formed on our charts. However, as we see it now, we are currently looking at a weekly opening which could end up creating quite a lot of Panic in our trading community. We have already gone below our last week's Low and the week just started. Although we would want to believe that its just a Fake out, other technical Indicators like RSI, MACD, AWESOME OSCILLATORS might not support that theory. As of this moment, we at ChainAssets.Capital see this as a possible Fake Breakdown, to overthrow the small Retail Investors. However, Trading has always been a game of probability, thus it is more safe to assume that it is not a fake breakdown but market is actually losing its value. We would like to speak levels now. As per the current scenario, if we manage to stay above $35k, we might see some sort of Support from our Major TrendLine on Weekly (which is also a good support for our supposed isosceles triangle). However, if we see that our support at $35k gets broken, we might wanna start looking for Shorts from here on out, because in that case, we will starting a new Downtrend in which all our previous Horizontal and Diagonal Support levels will fail. We estimate that if the market keeps on Dropping, we might see some rather bold Levels in Market all over again. $10k being a possible target of BTC, Alt Coins might face more consequences. Though only one possible scenario suggests the probability, it is still a good chance. Although we will see some sort of support at our previous key levels like that of $29k, and $19k - $23k ranges, we aren't too sure about them being held when the whole of our Market will be panicking. It is even possible for Market to stoop at the mentioned levels at a much faster rate than we expect. Please use Stop Losses in all conditions, be it Futures or Spot. No one can really tell if the market is going to fall or not. However, it is safe to assume that it is going to even if your technicals say otherwise. Positive Side: although the first scenario has been negative of our general Idea on Market, there are three other scenarios in which Market might get support from here. AS per price action, we simply reached an end for down wave and the evident marker for that is last week's Doji. If we manage to, somehow, get above the high of Last week's Doji, there are simply unlimited possibilities after that. But market has never been that easy to read, so still keep your Stops below Last Week's Doji's Low. There's also a possibility of getting a support at $29k to $32k range as well, in which case, Market might give us a really good pullback till $35k to $39k range, but not beyond that since, it will be the beginning of a rather long Consolidation period. But hey, consolidation period isn't all that bad, you can still expect to play horizontal Support and Resistance to go Long and Short and still benefit from the market. We were however, seriously hoping to achieve new highs in the coming months of June and July. But that's Crypto for you, it gets heavily affected by how the world experiences its events. DISCLAIMER : we simply project our ideas in our public analysis, and this should not be treated as a trading Call. Our analysis is also not written in that sense. The only reason we share these ideas is to get other's suggestion on what they think and how we all can improvise using each other's inputs. For trading, use your own analysis and never depend on someone else's analysis!
BITSTAMP:BTCUSD
by ChainAssetsCapital
FTMUSDT wants to go higher?The price is testing the confluence zone on 1.4$ zone. as you can see on the upper chart, the price is testing the daily resistance after the breakout from the falling wedge on the lower chart, on 4h Timeframe, the price is creating a rising wedge after the flip of 1.3$ resistance as I said in my previous analysis How to approach? the price needs to invalidate the rising wedge (usually is an inverse pattern) and retest the upper trendline as new support. If and only IF the price is going to confirm the flip, we can apply our rules to open a new long position. The next valid resistance is 1.6$ where the market has 0.618 Fibonacci level resistance
Long
by InkyGrip
2
LINAUSDT is creating a falling wedgeThe price is creating a falling wedge on the monthly area on 0.02$ After the breakout, the market got a rejection from the monthly area. On 4h timeframe, the price is creating a channel below the Monthly resistance. How to approach? For a bull scenario, the price needs to get liquidity and it needs to create a clear breakout from the monthly and 4h structure above 0.24$ Otherwise, if the price is going to lose the 0.16$ and confirm the breakout, the next target is the 1.618 Fibonacci on 0.010$ According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
4
ROSEUSDT is going to create a falling wedge The price had a huge bearish impulse, bounced on the weekly support on 0.3$ and had a new breakout. The price retested the previous support as new resistance and the market went to test again the previous weekly support on 0.2$. Connecting the lows and the highs, the price is creating a falling wedge exactly on the weekly support. How to approach? We are monitoring the price, we could see a double bottom on the weekly support. IF the price is going to have a breakout from the falling wedge and 4h resistance, and turn the previous resistance into new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
OCEANUSDT is creating a falling WedgeThe price got rejections from the descending dynamic resistance on the daily timeframe and bounced on the weekly static and dynamic support on 0.4$ On the daily timeframe the price is creating a falling wedge on the weekly support and now the price is trying to have ha breakout from the upper trendline and static resistance on 0.52$ On the 4h timeframe, the price is creating a rising wedge inside the main structure. The rising wedge is a bearish pattern, but, if the price is going to create a false breakout, we could see a breakout from the daily resistance. The setup is valid only after the daily breakout with retest and according with Plancton's rules –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
OLong
by InkyGrip
12
CELRUSDT is creating a falling wedgeThe price is creating a falling wedge on the daily timeframe. After an amazing bull run, the price is going to retest the start point around 0.041$ On 4h Timeframe, the price is testing the support around 0.47$. How to approach? We are monitoring the price, we could see a retest around 0.042-41$ on the previous daily support. If the price will get liquidity and will have the breakout from the dynamic daily resistance and 4h resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
10
GALAUSDT is testing the 0.786 Fibonacci levelThe price is testing the 0.786 Fibonacci level on the daily timeframe after a breakout from the falling wedge and a rejection from the daily resistance on 0.4$ On the 4h timeframe, the price bounced exactly on the previous support and dynamic one on 0.2$ How to approach? IF the price is going to lose the support and retest the previous support as new resistance, According to Plancton's strategy , we can set a nice order. The setup will be invalid above 0.3$ ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
14