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Rising

BTCUSD goes super sayian once again! Can it hold above 9k?We can see here we have now reached the 8827 target we had for the breakout target of the small yellow falling wedge and have since broken above that. However, just above that we have found a candle rejection on a potential rising wedge pattern I have been watching develop over the past 2 weeks and this rejection is only giving further legitimacy to this wedge pattern. If the wedge is indeed legit, we all know rising wedges have a tendency to break to the downside so we must keep a close eye on how price action reacts here. Of course in this current bull run we have already broken up out of a rising wedge wedge once already so there's a chance we could do so once again. Since it is reacting to the wedge's top trendline resistance I have to leave this idea as neutral for now. Even if the wedge did ultimately eventually break down though there's still a chance we could have a big wick all the way to 9.6-10k before it came crashing down back into the wedge and then breaking down so there is still a way we could reach our original target and the wedge still gets validated...also a chance we blow right past the wedge...this is a very crucial range so vigilance is a must. However now that we have broken above 9k its time to bust out those Dragonball Vegeta memes while you still can. "IT'S OVER 9 THOOOOOOUUUUSSSSAAAANNNDDD!!!"
BITSTAMP:BTCUSD
by DrDovetail
Possible Rising Wedgefrom first hours of this last move up to 8800 i was skeptic. even though i traded this move but i got out of market yesterday by parking on USD. i just thought that this move to 8800 more and more is getting similar to wave 5 on wave principle (elliot wave theory) and now by forming a possible Rising wedge it is going to be a very one actually. So If we see a dump to the upward support line of rising wedge, the relative high (swing high at 8800) will be confirmed and considering that: we would have a perfect rising wedge. Happy shorting that after breakout.
BITSTAMP:BTCUSDShort
by farzinsabbagh
ETHUSD inside a bearish rising wedge on the weekly chartThis wedge doesn't have an apex until August but odds are good we will see a break from the wedge much sooner than that...here I have picked a rough estimate area of where I think the priceaction will break out of the wedge and have put both a bearish breakdown projection as well as a bullish one. Although probability should favor a bearish breakdown to occur. its always wise to factor in the opposite outcome which is what I've done here. Should it break down bearishly however odds are good that in doing so it will only form a higher low to follow up the recent higher high on the daily and if we could then follow that higher low up with one more consecutive higher high I would be confident that we were finally entering the bull market.
BITSTAMP:ETHUSDShort
by DrDovetail
Rising flag - pennantFlags and Pennants Pattern We will now analyse the flags and Pennants Pattern, two other Patterns of the technical analysis. Flags and Pennants are short-term continuation patterns ; are among the most reliable Patterns and they represent “short breaks” (not longer than 20 sessions) during a Trend, before the Trend continues to go in the initial direction. Let’s analyze them point by point. Remember, that in order to understand better the Patterns of the technical analysis, you should know how the Trend Lines and Resistances/Supports work (For this reason we suggest you to read: What is a Trend and what are Trend Lines; Resistance and Supports). Features of Flags and Pennants Pattern – When they occur: both Patterns occur during a strong Uptrend or strong Downtrend, that have high volumes of exchanges. – What are: The Pennants are similar to the Pattern of the symmetrical Triangle, but they have a shorter duration and they are smaller (They are also similar to another Pattern, The wedge). The Flags are similar to the Pattern of the rectangle, but they have a shorter duration and they are smaller. – In Flags, prices are contained between two parallel lines. – In Pennants, prices are contained between two convergent lines. – Duration: both figures, can last from 1 to 12 weeks and should normally last from 1 to 4 weeks (if they are over 12 weeks, a Pennant would be classified as a symmetrical triangle while a Flag as a rectangle). If they last between 8-12 weeks, their reliability as Patterns is less. – Volumes: High during the Trend that precedes these Patterns; Decreasing and Low, during the formation of these Patterns. Then, rising in the Breakout point (When the Prices go out the Pattern). – Breakout: although they are usually continuation patterns, it’s always better to wait for the Breakout from one side of the Patterns to be sure whether there will be a rise or a decline. Finding other confirmations (From oscillators or of Candlestick Patterns), and even a Pullback it would be better (There is a Pullback when the Prices return to the line that they have just cutted, then bounce on the line and come back to continue in their initial direction). – Minimum Target Price: you have to measure the width of the Pattern, and project it from the point of Breakout upward or downward (depending on whether prices have gone out from the Pattern with a rise or a decline).
BITFINEX:BTCUSDEducation
by IgorPorokh
8
EURJPY Rising WedgeThe rising wedge we see on the 1hr chart EURJPY looks very solid, descending volume represents lower interest in pushing the price up. The take profit is calculated on the save side by the "rules" of a wedge that the opening is the profit after breakout, I'm keeping a wider stop since I've seen many wedges that been published by me here getting stopped and then showing to be a very valid good profitable wedge. These you can look back at yourself for education purposes. Thanks for reading my analysis and I hope you like it! Wesley
Short
by W4DL