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Rising Wedge

LTCUSDT is testing a key level right now!Litecoin had a false breakout from the weekly support in the 47$ area. The market grabbed new liquidity and started with a consolidation phase until a breakout of the daily resistance of65$ area. The market is creating Higher High and Higher lows after a sweep of liquidity on 80$ area. How we can approach it? At the moment the price is testing a key level, not a trade zone for our Strategy, but I add it to my watch list. The market is creating a potential Rising wedge, between the weekly support. I'm watching the 80$ area resistance and 70$ area support. If the price is going to have a breakout from the support and retest it as new resistance, I'm going to look for a new short opportunity applying CPS strategy, otherwise, if the price is going to have a clear breakout with volume and confirmations, I could apply the MTB and CPS strategy with a possible target on first supply zone
by InkyGrip
11
BTCUSD - TIME TO SHORT?It appears that we are currently experiencing a similar pattern to the bull run we saw in the past. During this previous bull run, we saw a sharp decline from 65K to 29K. Currently, we are seeing a similar pattern with long positions being trapped at the top and many stops being placed below 20,4K. If this pattern continues, we may see a decline towards the 20K psychological level, which would help to flush out leveraged long positions and start a new impulse from there. Additionally, there is an open gap at 20K which may also be filled.
Short
by SiDec
3
How to understand the falling wedge and rising wedgeHello dear traders, Here are some educational chart patterns you must know in 2022 and 2025. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. What Is a Wedge? A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are rising or falling at differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Understanding the Wedge Pattern:- A wedge pattern can signal either bullish or bearish price reversals. In either case, this pattern holds three common characteristics: first, the converging trend lines; second, a pattern of declining volume as the price progresses through the pattern; third, a breakout from one of the trend lines. The two forms of the wedge pattern are a rising wedge (which signals a bearish reversal) and a falling wedge (which signals a bullish reversal). Falling Wedge pattern:- When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line. When the price breaks the upper trend line, the security is expected to reverse and trend higher. Traders identifying bullish reversal signals would want to look for trades that benefit from the security’s rise in price. Rising Wedge pattern:- This usually occurs when the security's price has been rising over time, but it can also occur in the midst of a downtrend. Trend lines drawn above and below a price chart pattern can converge to help a trader or analyst anticipate breakout reversals. While the price can break out of either trend line, the wedge pattern has a tendency to break out from the trend line in the opposite direction. Therefore, the ascending wedge pattern indicates a higher probability of further downside in the price after the breakdown of the lower trend line. Traders can enter bearish trades on the basis of a charted security after a breakout, either by selling the security short or by using derivatives such as futures or options. These trades will seek to profit from the possibility of a fall in prices. Trading Profits for the Wedge Pattern:- As a general rule, price pattern strategies for trading systems rarely produce returns that outperform buy-and-hold strategies over time, but some patterns nevertheless appear to be useful in predicting general price trends. Huh. Some studies suggest that a wedge pattern will break out toward reversal (a bullish breakout for falling wedges and a bearish breakout for rising wedges) more than two-thirds of the time, with a falling wedge being followed by a rising wedge. Is a more reliable indicator than the wedge. , Because wedge patterns converge in a smaller price channel, the distance between the price at the entry of the trade and the price for the stop loss is relatively smaller than at the beginning of the pattern. This means that the stop loss can be placed closer to the time the trade is initiated, and if the trade is successful, can result in a return greater than the amount of risk initially placed on the trade. Wedge a Continuation or a Reversal Pattern:- The wedge pattern signals a reversal. The reversal is either bearish or bullish, depending on where the trend line meets, what the trading volume is, and whether the wedge is falling or rising. Trade with care. If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you
COINBASE:BTCUSDEducation
by CryptoSanders9563
13
Bitcoin will 14x - 342,000 USD - 2025 projection! Welcome to this professional technical analysis. First of all, I want to say many congratulations to the bulls for this amazing start of the new bull market; it brings a lot of happiness back to the crypto community! January is one of the best months in Bitcoin's history and also for me because the profits are very high, but now let's take a look at the most important thing, which is the profit target for 2025! Bitcoin is an extremely volatile asset like no other. Every third year, we experience a brutal bearish retracement with a statistical correction of around 77% - 90%. A good strategy is not only to hold for the long run but also to sell at the top and buy at the bottom. It's not easy, of course, but it's extremely profitable. If you are a trader, I know you are most likely interested in the next profit target for this bull market. My expectation is that Bitcoin will reach its peak in September 2025, but the question is at what price? I know more about Bitcoin than anyone else, so let's take a look at it! Of course, it's very hard to predict the profit target exactly to the dollar. But we can use strong tools such as FIB extensions, trendlines, and chart patterns to determine the selling point and prepare for the next bear market in 2026. FIB extension is a very powerful tool. We need to use the LOG version and the linear version of the FIB extension simultaneously because they are both valid. On the left side of the chart, you can see a classic linear version, and on the right side, you can see a logarithmic version of the bitcoin price. The most likely and successful FIB extensions are 0.618, 1:1, 1.618, 2:1, 2.618, 4,618, and 6,618, where we may find a top and begin a new bear market later in 2025. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Trendlines are very powerful as well. We have an upward sloping trendline on both the linear and log scales.Take a look at that! On the log scale, we also have an ascending parallel channel that may have significant resistance at the top of the channel as well! My conclusion is that the next peak for Bitcoin is going to be around 122,000 USDT or around 330,000 USDT. If we reach the first target and the bulls continue higher, then the second target is definitely acceptable! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
91
AUDUSD - Rising WedgeAs we can see AUDUSD created a rising wedge and fell below and show great resistance at the .705 Fib level which is a key Fib level for the 2nd wave of the Elliott Wave Theory. We should now be in the formation of the 3rd wave which is usually the most impulsive wave. On the Chart I marked my Take Profit levels so we can do now is wait to see how the market plays out. Upgrade your trading with me For FREE SIGNALS and if you would like to see updates on this idea and many more please follow: @wrightwayinvestments @wrightwayinvestments @wrightwayinvestments ✅ Hit the like button, and share for more!
Short
by WrightWayInvestments
BTC: Diamond Effort from the BullsLet's see how this turns out. Highly manipulated ATM, on the macro I'm bearish. Currently, however, a FOMO pump to 22.8K may be in the cards before this thing goes back to structure & back to bed. Be safe, be strong, be wise :) **If you have patience, strong hands, and like scoring wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades. All my charts are clean and easy-to-follow with exceptional win rates ranging consistently between 80-85%. My TA is based off a combination of Wyckoff Volume Spread & Fibonacci Ratios. Stop getting smashed and start winning in crypto. My charts will teach you how. *Not a financial advisor. Trade at your own risk.
COINBASE:BTCUSD
by jalapablo
2
Daily review of ETH interval 1HHello everyone, I invite you to a quick update of the situation of ETH to USDT on the 1H interval. As we can see, we have formed a Rising Wedge pattern, which unfortunately is characterized by an exit from the bottom. We can use the current situation to play the position, for this purpose we will mark the Stop Loss at $1618, which should be taken into account when playing short. Entering positions in the area of the formation or just after leaving the formation at the bottom at $1525. However, the target that can be taken into account is $ 1434.
by cryptodailyuk