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Falling Wedge

Bitcoin - All of the reasons why the bottom is near (in)  This analysis will show you why the bottom of Bitcoin could be very close. This is a set of indicators that tell their own story, so let's take a look at them. Currently, Bitcoin is the most hated asset in the world. Everything is rising, including gold, silver, stocks, the EUR/USD, indices, and even meta Facebook, the most bearish stock. Bitcoin is the weakest asset. You can be a contrarian and buy it. But let's take a look at the technical analysis. As you can see, we have a trendline from the all-time high of 69,000 USD to the current price. The bulls already broke the trendline, but the bear was stronger, and the price was pushed down. The trendline is currently being retested, which is a common thing in trading. There is a pretty huge chance that every trendline will be tested again. Usually, you want to buy the retest. So we have a first buy signal here. Large institutions and hedge funds regard 200 moving averages as strong support or resistance. There are two types of possible curves for a moving average. The curve can be descending or ascending. In this case, the curve is ascending, which is an indication of an uptrend. The uptrend is still valid, and this is a bullish sign. But the price is below the 200 MA, which is bearish on the other side. Then there's the Elliott Wave. This downtrend could have moved in a complex corrective structure known as a double zigzag (WXYXZ). This structure must contain 3 zigzags for a total of 6 impulses. It is really possible that it is actually a double zigzag corrective pattern, which is bullish. If we take a look at the volume indicator, we have historically had the highest volume on the Binance exchange. This is an indication of a massive exchange of Bitcoin. People are selling, but for every transaction, there has to be a buyer. Extremely high volume is an indication of capitulation and often indicates a trend reversal. During a stop-loss hunt, we typically see a huge volume spike and the price move in the opposite direction because the whales simply took the necessary liquidity.So massive volume spike can be a bullish sign. It is a special event. The next indicator is the RSI. There is a huge bullish divergence that cannot be ignored. Bullish divergence is a very powerful indication that the bears are losing steam. It happens when the price makes a new lower low while the indicator makes a higher low. This is very bullish. MACD: The histogram measures the difference between the two moving averages of the MACD indicator. The histogram is ticking to the upside and is above the 0 level. If the histogram reaches above the 0 level, then the two moving averages cross each other. Recently, we have had a bullish cross, which is a bullish signal. This bullish signal is still valid until the histogram falls below 0 again. FTX capitulation: A major player in the cryptocurrency industry has been wiped out. Capitulation is a sign of a trend reversal. When everyone is selling, it's time to buy. It looks like a lot of retail investors just sold their Bitcoin holdings. Capitulation is one of the classic phases of the market cycle. CPI data was very positive, and inflation is going down. As per my research in one of my previous analyses, I expect inflation to drop to 0% in the next few years. If you follow me on TradingView, then you know why it can happen based on technical analysis. But if you don't, no worries! You can check out the 0% inflation analysis in the related section down below! Gold is rising pretty significantly along with the DJI stock market index, which is also very good for Bitcoin. DXY dollar index is falling; the dollar is currently losing strength, but of course, it can be only temporarily. Believe it or not, but Bitcoin can rise 50% in a single week, and it can happen so fast. One tweet from CZ and the job is done. If you like this analysis and want to see more, then hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
81
Litecoin to Bitcoin is Peaking Back Above Very Historic SupportLTC/BTC have traded against eachother within this huge range since the beginning and this range has always been well respected and now we are on the lower end of the range and have broken out of a Falling Wedge and are now Piercing back within the support zone we very much needed to stay above and now could be looking for a retrace back to the upper end of the range up at 0.025 BTC. if we then break above that level LTC will have likely have Blue Skies from there and could go well above 0.05BTC.
Long
by RizeSenpai
Ethereum - Macro outlook | -62% next month! After the merge, the price of ETH is rapidly going down. It's basically a free fall right now. It was clearly a sell-the-news event.  I am very bearish until we break the major trendline that you can see on the chart. There is absolutely no reason to buy ETH at this moment.  On the daily chart, we can spot a descending parallel channel that is very well respected with all trendlines inside. These trendlines can be useful for short-term trades. I believe there is a possibility of touching the downward trendline in the future.  The market never goes in a straight line; we always have waves during the trend and that's why Elliott Waves are the best indicator to understand where we currently are in the market structure. According to my Elliott Wave analysis, we are in the final 5h wave of this particular market structure, which can be deadly indeed. But if I am right and we will go down, then do not expect ETH to go to new all-time highs soon. So prepare your shorts, because that's the only way you can profit in this bearish market. Maybe the ETHBTC pair is also starting a new macro downtrend, so basically ETH will fall off the cliff. The situation for ETH is horrendous. It's really better to switch to BNB if you really want to hold some coins. Or just stay in USDT and buy after the crash. I do not expect any tremendous gains for selected altcoins. You can find the most bearish altcoins in the related section down below. Serum (SRM) looks juicy for shorting on the futures market. For more analysis, hit "Like" and "Follow"!
Editors' picks
Short
by UnknownUnicorn2537518
219
✅Bitcoin - The bottom is in! The temporary bottom on Bitcoin is in! Now we are looking for a bullish retracement. I think we will go lower, to 3K-10K, in the next few years, but not now! On the chart, you can see the strongest resistance on the way up. It's hard to say which one will be the reversal point. Do you think this Bitcoin crash was natural or was it caused by some strong entity? Let me know what you think in the comment section. I am happy to read your comments! I think the most probable scenario for Bitcoin is to reach the blue trendline, or 0.618 FIB, at this moment. The crypto market is a joke, and all investors are getting rekt pretty much all the time, and it's going to be even worse. It's not easy to choose the right coins; only about 5% of them are powerful. The only reliable investment is BNB, let's be honest! At least it's holding its value and going up a little bit. This week was extreme for Crypto, pretty much very sad, but it is how it is, and we need to adapt! The upcoming uptrend will be a countertrend. That means it should be very fast, and we can finally experience a massive green dildo. DXY is crashing and EURUSD/GOLD is pumping, which is also a good sign for this weak crypto market. In my opinion, a relief rally is very likely right now! For more analysis, hit "Like" and "Follow"! On the 1h chart, we can spot a strong impulse wave, which is a sign of strength!
Long
by UnknownUnicorn2537518
89
BTC! My last bullish case scenario for Bitcoin. I'm looking at weekly timeframe. To tell the truth I haven't expected BTC to go lower than June low coz 17.5K was my bottom target as I mentioned in my previous analyses based on my analyses, all history data and more than 100 indicators that flashed bottom signal. Really this time it was different. In any way I think this is the biggest bear trap in BTC history and false breakdown. Now almost 100% expect lower prices even 8-10K BTC, but I think they will miss the biggest buying opportunity in their life and all bears will be rekt as bulls have been doing past couple of months. In technical point of view, BTC broke out weekly falling wedge pattern as I mentioned in my previous analyses and now it retested its broken trendline. At the same time it touched the lower band of megaphone bullish pattern in a conservative way and can go lower to 14K in a non conservative way. As you see BTC rejected at RSI weekly major trendline and dumped to 15.5K level, if it succeeds bounce back and closes weekly candle above 18.5K it will be very bullish for BTC and weekly RSI bullish divergence will be created as well. So I expect weekly falling wedge and bullish megaphone pattern to play out and send BTC to the major resistance zone 28-30K in coming weeks.
BITSTAMP:BTCUSDLong
by ergal91
3
BTC IMPORTANT WEEKLY UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Currently, how things going on in the market was really a doomsday for every one of us. Everyone is shattered and depressed. I understand but it is not the time for this get some courage if you lose a heavy amount and be prepared for the next. I posted a chart in Sept, in which I clearly mention that we see a breakdown of $18k important support area in the month of Nov. and the bottom is around the $10k-$12k level by the end of this year. Hope you look at that chart at the right time and save yourself. Now, let's get to the chart. BTC is forming a falling wedge-like structure in the weekly time frame and currently holding the lower trendline of the wedge. If it holds here and the thing turns positive then we see a good pump from here. If not hold this wedge then definitely our main target is the $10k-$12k level. What should we do here? Look no one knows what the bottom is. All we can do is DCA our buying. Buy some BTC here and set your bids up to the $10k level. The future of crypto is very bright and sooner or later all these bad things come to an end. If you like this idea and still believe in crypto then hit the like button. Also, share your views in the comment section. Thank You!
BITFINEX:BTCUSD
by CoreCrypto1
10
1 Litecoin could soon be worth more than 1 EthereumLTCETH has traded outside of the Boundaries of a 4 year wide Falling Wedge Pattern after giving us 3 distinct waves to the downside within the wedge and Bullishly Diverging on each wave down. Now we can see LTC breaking above the moving averages on major timeframes where it can now begin to make 3 major pushes up. Given the nature of how Altcoin Pairs work in regard to the coins' actual USD Value this chart implies that in time; either ETH's USD Value will be coming down towards Litecoin's Price or that Litecoin's Value will be coming up towards and eventually above ETH's Price. My bet is mostly on ETH's Marketcap losing serious Domiannce and money flowing into other altcoin with Litecoin having the most potential.
Long
by RizeSenpai
✅Bitcoin - Secret pattern no one is talking about! Not 13,000 USDT, not 12,000 USDT, but I think 10,000 USDT or 9,500 USDT can be the bottom for Bitcoin, and this is a very optimistic scenario! As you can see, the bears yesterday successfully broke the key market structure that had held for almost 6 months. Bitcoin is now in serious trouble, and 3,000 USDT is now at play, believe it or not. A 5-year or 10-year bear market (crypto winter) is also possible. Maybe the 17k that was hit yesterday was a temporary bottom; it's possible, but I don't think so. The temporary bottom will be around 14k, when everyone will be buying, and we will have a massive false uptrend. The chart is printing a falling wedge, but this wedge is incomplete, and we need much more time to spend on this pattern. From the Elliott Wave perspective, an impulse wave was printed yesterday, which is a disaster, that's for sure. A support of 10,000 USDT is very strong. I expect a significant reaction here because it is the 0.618 FIB of the previous impulse wave + the previous head and shoulders neckline. A lot of big players will get liquidated during an upcoming crash, like LUNA, FTT, and so on. The only good investment is BNB, let's be honest! At least it's holding its value. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
67
BTC bullish megaphone pattern with 80-85K targetI'm looking at weekly timeframe. As you noticed BTC formed bullish megaphone pattern with 80-85K target by Q2 2023. BTW there is also falling wedge pattern inside megaphone pattern which increases bullish case scenario. King of crypto broke weekly RSI trendline which is historical for BTC. At the moment BTC has broken weekly descending triangle with 24-25K target, so all my predictions based on my analyses posted since June 2022 are right. I told you BTC bottom was in at 17.5K on 18.06.2022 and I haven't changed my idea since then. Do you believe new ATH in 2023 or not? Comment bellow, check all my analyses bellow related ideas and if you like my analyses and ideas please follow me.
BITSTAMP:BTCUSDLong
by ergal91
3
Falling Wedge Breakout AttemptXRP 3-day chart is attempting a breakout of its falling wedge on the 3-day chart here. The next candle close is approx 24 hours from now, and if it closes above the wedge we'll have confirmation. If confirmed, measured targets put us near the same area of our previous ATH, or above it. If that occurs, two possibilities: 1.) a double-top with either a slightly higher or slightly lower high, or.. 2.) we see a run to a new ATH if it doesn't get stopped near previous highs.
KRAKEN:XRPUSDLong
by dudebruhwhoa
1
BTC Long of off Bullish Divergence!!BINANCE:BTCUSDT BTC showing hand off of 1H bullish divergence at $20k level. Teasing to test 4H 50MA and test $21K. If you followed my 1D idea yesterday, I was talking about going down to LTF and look for entry. BTC is an indicator and altcoins are moving - MATIC 17%. BTC 1H Retest is even better but sometimes we won't get this - Don't chase candles - instead look for an area of value and find entry. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by imr4nkh8n
✅Crypto - 2014 trendline is holding, open your eyes! This is technical analysis; I don't care about interest rates or fundamentals! Leave this analysis if you care about wars, covid, inflation, interest rates, and so on. 95% of people will never buy at the bottom and never sell at the top.  These people will tell you we will go to 13k. When we reach 13k they will tell you we will go to 10k. When we reach 10k they will tell you we will go to 6k. When we reach 6k they will tell you we will go to 3k. When we reach 3k they will tell you they will buy at 1k and so on. These people will never buy during the bear market; they will buy at the top instead! As you can see, the chart is extremely bullish. If you don't see it, then you are probably shorting support and longing resistance all the time.  This is really not the best time to be bearish. If we drop below the main specific support, then I will quickly switch my overview on the market. There's nothing wrong with that.  I am not a permabull or permabear. You know me well; today I can be bullish, tomorrow I will be bearish, and in two days I will be extremely bullish again.  It doesn't matter if I am wrong and Bitcoin goes to 13k. I can be right only 50% of the time with RR 1:2 to be profitable. I take swing trades with RR 1:20. I think 2023 will be a very bullish year for the crypto market, but you need to hold good coins. Forget about ADA, SOL, XRP, DOT......These coins will pump, but not next year. If you are bearish, tell me why in the comment section down below!  Which coin do you want me to analyze? Let me know in the comment section! For more analysis, hit "Like" and "Follow"!
CRYPTOCAP:TOTALLong
by UnknownUnicorn2537518
84