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Falling Wedge

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"!
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