Komodo is looking bullish with a minimum of 50% uptrendMACD cross, rising RSI, a Wix Pix signal and favorable trendlines are making Komodo look bullish to me.
Rising
1 potential bearish scenario is rising wedge + overextended rsisAlthough overall I am bullish I think it's important to note this rising wedge we appear to be in. Considering the rsi levels on the 4hr and 1 day are overbought and overextended we will have some difficulty breaking above the top trendline of the rising wedge which is also the neckline of a bigger inverted head and shoulder pattern we have been trying to break most of August. Rising wedges tend to break downward and I wou;dn't be surprised if to reset the rsi levels it did some sort of flash crash to 6.3k to trick the bears finding support on the top trendline of the big weekly descending triangle pattern and bouncing back up off it while also triggering the breakout of that pattern at the same time. A scenario well worth considering. The weekly candle closes in 4 hours so odds are if bears are gonna try to cause the flash dump it will be right before it. In order to have enough momentum to breakout above that top wedge trendline odds are very good that we need to reset the 1 day and 4hr rsis. However it's always wise to remember in moments of extreme bullishness rsis can stay in the overbought zone for much longer than most analysts would expect.
Mirror Predicting Major Positive BreakoutHere I have what I have found to be a mirror of the PG stock which is about to predict a big positive breakout. As you can see all the valleys and peeks line up pretty close in time and price with their mirrored counterparts. Also I believe this will break positive because the rising wedge ( in yellow) tends to have positive breakouts in u shaped volume, which as you can see is u shaped. I will be providing the link to the site that i got that information from. thepatternsite.com
{In the U - Shaped Volume Section On The Website At the Bottom of The List is Rising Wedge For Upward Breakout}.
I am quite positive this will preform. What do you think
Rising channel on JPY exchange suggests bullish price actionWe are seeing a rising channel in the Japanese markets suggesting bullish price action to come, this could mean a jump to 6500 is more likely than i previously thought, keep your eyes open
lower low on the 4hr chart; officially broken down from wedge. I think it's very likely we can head to 5.9k here. The stochrsi on the 1day chart has plenty of room to drop still and the reason we are currently consolidating I believe is that the 4 hour rsi just hit oversold conditions. So it is likely we will fall back down and retest the bottom trendline of the pink symmetrical triangle. Even though we are currently at a lower low on the 4hr chart...dropping to 5.9k and then bouncing up would actually be a higher low on the 1 day chart. For now I am short. My one hope is that it doesn't cause the golden cross to undo itself. One still potentially bullish outcome to watch for in all of this however is that now we have fallen to a much more symmetrical shoulder height as the first shoulder of the inverted head and shoulder pattern, which means the ivnerted head an shoulder pattern for now is still valid...however it will be invalidated if we continue to fall and retest the bottom trendline of the pink symmetrical triangle pattern. Being prepared for either outcome is my plan...you make your own decision as this is not financial advice. Good luck and thanks for reading!
rising wedge still valid; 4hr srochrsi reset.As I had said an idea or so ago we will likely fake a breakout once or twice to reset rsi and stochrsi levels before w have enough momentum to break above the neckline of the inverted head & shoulders pattern. What was once looking like your average bull flag has morphed into a sort of small falling broadening wedge and now are 4hr stoch rsi is ready to go up again. I was also able to widen the bottom trendline of the rising wedge slightly and still maintain it's trend validity. So unless we see a big surge in bear volume here we are still inside the rising wedge and also found support at the wedge. If we do break down from the lavender wedge we may drop all the way back down to retest the bottom trendline of the symmetrical triangle. I think probability favors the uptrend still especially with the recent 4hr golden cross but need to anticipate the opposite happening as well. Just my opinion and not intended as financial advice. Good luck out there and thanks for reading.
BTC Sideways; Potential Small Head&Shoulders Pattern Playing Out4 hour chart has formed a left shoulder ad head of a small head and shoulders pattern...if that breaks down it may trigger the rising wedge breakdown as well...been going sideways for a few days now...the larger inverted head and shoulder pattern is still in play as well though...so this idea will remain neutral.
Still inside larger rising wedge; Potential inverted h&s in playAfter seemingly breaking down from the first wedge but not getting a big enough red candle to go with it I have readjusted the smaller green rising wedge to fit more of a traditional bull flag shape. Was also able to widen the larger purple rising wedge with the newer candles wicks to see that we are still very much inside the bigger rising wedge. We could essentially however stay inside the bigger wedge and trigger an inverted head and shoulder pattern for a bullish break upward before we break downward out of the larger wedge. If hat were to happen it may allow us to avoid breaking downward from the bigger lavender rising wedge all together. Current stochrsi, and rsi on the 4hr chart seem like tey are ready for an upward climb as well. All these things considered makes this idea a neutral one.
Bearish Divergence + Rising Wedge = Breakdown?Seeing the combo of the rising wedge and the bearish divergence on the 4hr chart and 4hr rsi makes me think we will at least see a small breakdown back to the 4hr 50ma. Hoping we turn it back towards the upside after forming another higher low to allow the bulls tos tay in control. In the short term though probability is high enough for me to switch my idea status to short. Of course as always, I will be prepared for the exact opposite outcome as well with a smart stop buy back a few pips above the top trendline of the pink symmetrical triangle..hoping I can instead buy back in near the 4hr 50ma though. bst of luck in whatever you decide. Thanks for reading! (not financial advice)
July Bitcoin tanking Now its pretty obvious where its going, and it peaks in like 1 or 2 days from now
BTC: possible short opportunity comingGood morning and Happy Fourth of July all! Bitcoin has been making some great moves lately. It appears there is actually some buy interest now instead of bears playing games. However, even in a bull run we need healthy retracement to reload the coil springs. I'm not bearish at all by any means, but will be looking for a short. On the 4 hour we have almost completed a rising wedge pattern. We are also approaching a heavy rejection zone right at the top of the wedge. Even though regular RSI is oversold, I think we have one more leg to run with the L-RSI (see green box below,) to maybe 6800ish. The expected retracement of this wedge would put us around 6050-6100, but I typically expect wedges to follow through to about 80%. This would put us at 6300 which I believe is a pretty psychological and charted support zone, so I will close my short around here to be safe.
[USDCAD] Goodnight Looney Bearish harmonic spotted on USDCAD. Weak price action and lower highs. Entered short.
Targets are labelled.
Please use a stop loss and appropriate risk management.
Remember to always trade responsibly.
Good luck! :D This universe has no boundaries.
the CPE rising.Featuring a possible 14% return. Starring CPE, and Bullish Gains. Packed with nonstop trending up action! reviewers are calling it a masterpiece. viewer discretion is advised, Bears be warned of losing gains and emotional stuff.
BTC / USD Wedge Target & Medium Term SentimentExpecting another leg down on BTC. Currently watching price action to see if a retest of the bottom of the wedge (or reach towards it) will be featured. It is difficult to prematurely put these events in sequence.
Best course of action would be to wait for a test of the red line that is currently indicated just above current price and observe the reaction to that.
Price will either break above and test a range in the proximity of a fib/resistance level/bottom of wedge or we reject that level and most likely breakdown to hit the wedge target.
In most scenarios, medium-term sentiment is bearish.
Also important to note that wedge targets are minimums. Not impossible to make downward progress. Given this scenario: sights would be set on sub 7K. However, that scenario is low probability due to the amount of time spent in accumulation in this trading range.
BTC Breaks down from rising wedge.We all know rising wedges and price action usually follows down from there. I am looking at a short here to 6900, and if panic ensues expect lower.
Super Bullish for NAS, When Will We Break Out??Looks like NASDAQ is leading the way in the stock market in terms of bullish strength. We're knocking on the door of ATH's, and I can say with some confidence that we will breakout at some point in the near future. It's possible that we can break past ATH's on the first attempt, but I am a little reluctant to become an aggressive buyer just yet. A small rising wedge pattern looks like it's forming, and I would like to see us retest the 50 Day MA as support. Both the 200 and 50 Day MA are now trending up, so this retest followed by a bounce would be an ideal setup for a trade.
I've also seen these rising wedges breakout to the upside for the NASDAQ so this is also very possible, especially considering that we remain in a strong long term uptrend. If we manage to break past 7200 then then I would see this as an ideal setup for a trade as well. Often when breaking out from ATH's or any bullish pattern, you can expect a quick correction back to test the breakout level as support, so that can present a good buying opportunity if you miss the initial breakout.
Bitcoin is forming a dark rising wedge towards 6kHi traders,
I want to share with you the possible formation of a rising wedge . This is a bearish pattern.
Price can move as high as 78xx before making a major drop
I think it is likely that this will retest 7k support and probaly break it to send us back to the 6x range.
I've added some sellstop price levels depending on if the price gets there. You should always be aware that this pattern could break earlier then expected.
So I'm going to move my stop higher depending on where the price is gonna go.
In the RSI there is constantly bearish divergence forming. This also already shows the signs of a weak trend.
In order to invalid the rising wedge the price should break out of this formation with power.
If we look at Ethereum the same formation is found. This gives us another confirmation of darkness
Looking at the weekly hart we can see that we are following 2014 in terms of RSI.
We also had a final green week before breakdown. A relief move before entering the darkness.
We are also still confirming 50 ema as resistance which is bad.
Thanks for reading trade safe and make your own decisions.
Greetings,
Vincent
BITCOIN Pattern After Another!Here we can see good trade opportunities on BTC chart!
Trend is Your friend:
*Triangle breakout and sell on the retest
*Rising Wedge breakout & sell on the retest
At the moment we could see another bear flag formation & this bear flag happens on the channel bottom trendline (channel down since Triangle)
Let's see what the market offers to us and be ready for worse!
Good luck!
I GUESS ITS REALLY TIME THIS PENNY STOCKS GG TO RISE GUESS ITS REALLY TIME THIS PENNY STOCKS GG TO RISE
CHART LOOKS PRETTY GD
PROMISING CO.
VANGUARD DID ALSO ADD MILLIONS IN IT RECENTLY WITH MANY OTHERS
HOPE YOU GUYS WILL EARN SOME TOO
We appear to potentially be breaking above the rising wedge.While I've been confident we would break up from the current rising wedge instead of down from the head and shoulders pattern for roughly a week now, I wasn't sure if that would be before another retest of the head and shoulder neckline at the bottom of the wedge or not, but now we have two 4 hour candles up out of the rising wedge with an hour and 5 minutes left before the current one's close. Until we see a surge in bullish volume we haven't confirmed the breakout so keep that in mind...I'd say a smart place to buy in would be a couple pips above the 4hr 50ma (in orange) because that is our current resistance and for us to reach 2 pips above it will likely require flipping it from resistance to support. I'm confident if we flip that moving average to support we will confirm the breakout so I have a stop buy set up for 2 pips above the ema.
btc bearish breakdown feom rising wedge/bear pennantbeen warning people most of the afternoon that had their bullish blinders on that this rising wedge would likely break downward as we would probably form one more lower high/lower low combo before completing eve's handle and continuing upward. I had spotted bearish divergence on the 15, 30, 1hr, and 4hr rsis and noticed the 4hr stoch rsi was completely maxed and due for a drop. Still dont have my laptop back so been having to keep posting ideas to a minimum, but I believe this drop could take us as far down as $7350 seeing how that is the exact halfway point between the bottom of eves cup (6400) and the top of the left side of the cup(11700). I'm still a strong believer in us triggering both the double bottom pattern and the cup and handle attached to it so I'm confident we will see a big rebound bounce before we have a chance to go any lower than $7350. I would expect the real bottom of this recent dip to be somewhere between 7350 and 8200 but I'd say any price between 7500 and 8000 is an ideal and safe spot to,buy back in at. Of course these are only my presumptions not financial advice so make your own decisions..best of luck everyone.
