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Rising Wedge

Bitcoin BTC, Secret trendline from 2013! No one is talking about This is the monthly historical chart for Bitcoin , and as you can see, we are currently at major and very important support! We have a long-term trendline that is printed only on the LOG scale, and the majority of retail traders never use the LOG scale, so that's why it's invisible to them. The trendline was established in 2013, and this is the one and only one trendline you can draw at this moment. So what happens if we break this trendline and previous all-time high from 2017 in conluence? Well, it will be extremely nasty, and this bear market is probably going to be the longest in the history of Bitcoin . We can basically have a 10-year sideways/corrective structure. There is also a possibility of a drop to 3000 USD (not now, but later in 2024) to the previous swing low from 2020. This is a true bubble that will pop, not the previous 2014 or 2017. Also, if we break this trendline, then I can make a complete lifetime impulse wave from 2009 to 2021, and we are prepared for a multi-year massive ABC correction. But I have faith in this support because, why not? Any speculation on a breakdown is, in my opinion, very risky at this point. You don't want to short the support and long the resistance, you want to do exactly the opposite. But the majority of breakout traders make this mistake. First, they should wait for confirmation before entering a short position here. Do you think the trendline will hold or not? Let me know in the comment section! For more analysis, please hit "Like" and "Follow"!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
118
Trust Wallet TWT - Very durable altcoin, when pump? TWT is an extremely durable altcoin. During the bear market in 2021-2022 this coin held its value very well.  The platform was acquired by Binance in July 2018. So there is a huge expectation for the Trust Wallet platform. The full Trust Wallet team is not public, but it is known to comprise over 20 individuals — many of which have overlapping roles at Binance. This altcoin can basically pump anytime soon, but we can also go sideways for another few months. I believe the value of this coin will increase. The price is making higher lows. The structure is very bullish on the weekly chart. We have an ascending parallel channel with a symmetrical triangle inside. The local uptrend started with a beautiful impulse wave, which is an amazing sign for the bulls. But, we don't know yet when the correction ends. From my perspective, this altcoin provides a very low risk and pretty good reward, so it's worth it. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
28
FOUR PHASES ONE OUTCOMEPlease feel free to share your thoughts with me on the chart - as you can see BTC has currently lost key support at 19.1k and some change. The reason I believe the fourth phase has the potential to change everything, is that each time PA has tested key support (116 days and counting) it has either been off the back of a bullish pattern - see below. Phase two pushed PA back down to support via an ascending wedge (bearish) and the difference with phase four is that we again have an ascending wedge but this time the outcome has pushed PA below support whereas the previous took PA only to support before breaking out into a bullish pattern. Phase one - Triple Bottom Phase three - Descending wedge If someone is able to better explain my point and re-edit this post, or even crop the chart and edit it for themselves. Please feel free. Look forward to your comments Jon
COINBASE:BTCUSD
by Jonadam
4
$CAKE - Will this MELT Down soon!!Hello my Fellow TraderZ, Few days ago, I have shared my view on $CAKE #PANCAKESWAP on Daily TF, where I had mentioned that Price was ranging inside an ASCENDING TRIANGLE, broke it and coming for the retest for the further upside move. Today I'm sharing another possibility on DTF where it can be easily seen that the price is forming a Narrow RISING WEDGE Pattern. I'm not saying that this is going to be happen but just a possibility only if the Price unable to hold the current Support Zone . Keep an close eye on $CAKE as both side RISK:REWARD is very good. Happy Trading Fam. CHEERS!!!
by TRADER-GOKU
GBP / USD Short IdeaBearish Chart pattern forming on 4h / 1h timeframe indicating a potential uptrend reversal which could retrace to the 0.382 Fibonacci Level and beyond. This trade idea offers an excellent 5+ Risk to Reward Ratio for the remainder of the week and due to the UK's troubles of tax, political unreasonableness and general economic horror i expect this resistance level once support to allow for big selling opportunity for people trying to reject the recent Bullish pullback on the Pound. - Note to never risk more than 1-3% of your account on any given trade. - Stop Loss 47 Pips above sell bracket. - Stop Loss is 76 Pips above entry point. Opinions on GBU / USD?
Short
by wozencroftkyle
Link/USDT Short📉N.B. FOLLOW ME AND COMMENT BELOW FOR TAKE PROFIT AND STOP-LOSS Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors. How this analysis was done: First I find usdt pairs using crypto screener then if all Three×3 in 1 indicators gives main entry confirmation at the same time I go with the analysis then I find Support and Resistance zones  in 3x entry timeframe also using one of the three indicators for backing up my analysis and filter bad signals then I also make trendlines using two of the 3 indicators in 3x entry timeframe for filter out more bad signals then again using one of the 3in1 indicators I filter fake breakout in entry timeframe and in higher time frame and then if other minor conditions is  confirmed the analysis is done. Take Profit: Take profit is A/B/C Zone point Take profit is dynamic/trailing stop loss/take profit Stoploss: Stoploss is above/below the D Zone point / danger line Trading and investment in the financial markets always involves high risk, So In order to succeed using our signals make sure you have learned the essential skills for money and risk management To SUPPORT this channel, please press the LIKE button, COMMENT and Share with your friends
Short
by TrueUrBoss
2
NIFTY 50 ANALYSIS ON RBI'S MEETINGmarkets fell, indicators supporting!! rising wedge pattern is formed. RSI will react in the same way as there previous ones are. markets will reach its bottom point of its crucial trend line support, and will start moving up the next week. this week's was a crucial point, as FED'S meeting led to fall in our markets, and a further fall due to RBI's announcement. markets will be correcting till the decision comes, hence this two days, markets will reach 16520.
NSE:NIFTYShort
by raghavchoudhary2016
USDJPY ! Resistance action, short trade idea.USDJPY is trading swing high levels as Japan's central bank talks about taking notice. At point 1 , price makes a swing high and sells off sharply afterwards. This is when most trades will start noticing the level and they are prepared to sell when price comes back. At point 2 , price is approaching the level again but turns ahead of the line. Many traders have missed this entry and are probably very frustrated – you can be sure that next time price comes back, they will enter more aggressively. Sure enough, price breaks through the resistance level At point 3 and all the traders that have missed the entry at point 2 and who now entered early are caught on the wrong side. At point 4 , price again respects the resistance level to the point
Short
by YertuntsTrader
4
BCH/USDT : Broken below the rising wedgeBINANCE:BCHUSDT BINANCE:BCHUSDTPERP Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $BCH is breaking below the rising wedge with the current candle, However, It's better to wait for a proper confirmation below the wedge before taking any action. In terms of that, I'll be waiting for confirmation below the mark and take Short after it. - Stop-Loss should be located above $123.5 Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
Short
by Helical_Trades
2