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Rising Wedge

Bitcoin BTC - Ready for a massive uptrend! | Elliott wave Bitcoin has successfully completed a retracement of the first impulsive wave! This correction was very fast but also relatively strong (almost 0.618 FIB). This was a classic retracement for the second wave.  It is possible that we see these lower prices for the last time, so if you are still hesitating and waiting for 13 000 USDT or even 6 000 USDT per bitcoin, then I think it's not going to happen. It's everyone's dream to buy cheap Bitcoin.  We must remember that Bitcoin successfully defended its previous all-time high from 2017, which was around 19 000 USDT, depending on exchanges.  The third wave of the first impulsive wave is an extended diagonal, which is pretty rare to see in the market. But as per Elliott Wave himself, diagonals also appear in third waves.  The next major resistance and high liquidity area is exactly at 34000 USDT. It's very likely that we will make a pullback here.  Bitcoin is pretty weak compared to altcoins like BNB or ETH, because the BTC.D (Dominance) chart is going down and people prefer altcoins instead of Bitcoin at this moment. This trend should continue for another year (alt season). For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
60
Bitcoin - Correction has been completed! New bull run started. As per my Elliott Wave analysis, an ABC correction (ZigZag) has been finally completed, and we have to start a new impulse wave! Now or never. We have a falling wedge pattern that is very close to a breakout. Indeed, this is definitely not a nice wedge, but the shape is similar. The previous first impulse wave has a third wave overlap structure, which is definitely acceptable. It's pretty rare to see it, but Elliott said it's possible.  Bitcoin's dominance is going down - LTCBTC is breaking out of the major downtrend from 2018. ETH looks much stronger together with BNB. This indicates an alt season in progress.  I am bullish on Bitcoin and on the stock market, and I don't think we will go to 13 000 USDT. Prepare for the 10-year biggest bear market in Bitcoin history if we fall to 13 000 USDT.  I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
104
Bearish Thesis Bitcoin to 20800-then drop to 18500 WIP (Short)Elliot Wave continuing from the drop from 25200, ABCDE. Rising Wedge to about 20750-850 (not exact), then a drop from there to 18400-600 as measured from the last drop. Not a guarantee. I haven't entered a short, I might take a swing with my hedge account. Work-In-Progress. This doesn't mean, "short now" but for traders that already have established shorts from higher levels, this would add to the "hold your shorts" argument. I might set some very small sell stops on my hedge account with very little risk. I'd be placing stops a few hundred above just in case. I would also be taking healthy profits in my very light long position on my main account if we approach this level, but that is already a given. Also 18400 would not necessarily be the stopping point for the drop, as it is simply a measured move based on the last one that played out. A secondary target might actually be to "sweep the lows" of 17600... implying at least a few hundred below that, or possibly thousands depending on catalysts, positioning, and where everyone's stops are placed.
BYBIT:BTCUSD.PShort
by JJMa
BTC PERSONAL ANALYSIS IN THE SHORT TERM (RAIN OF FIREEE!)Greetings fellow crypto fam! I am here to share a fairly well conclusion on what's gonna happen with bitcoin, we have been so exposed with lots of bearishness with all of the charts and patterns pointing more downside action. We have bearflags, rising wedges, inflation, rate hikes, housing market crashes, war, pandemic -- there's too much of anything in this world to even be at least interested in becoming a bull so I implore you to carefully consider your options in this market. There are two choices here,, either you enter shorts or puts in this monthly trend of bearishness or you can sit it out, wait for everything to settle probably 6 months or so and then decide from there. The totality of Jack Powell's speech in the Jackson Hole is a huge U-turn on his image basically because everyone was expecting for a neutral-rate hike or even a standard Jack Powell optimistic speech, but no he literally admitted that along the way some pain will happen and this cannot be helped by taking more of this approach aggressively and possibly even end it quickly. I like the brashness of it all, however he just nailed the door shut when he said that their decisions or outlook towards the economy would largely depend on "data". The bad thing about being data-dependent is that the economy could crash tons of money tomorrow and they will only act FROM there, there are no preventive measures, there are no concrete risk managements -- just pure reliance on what the potential future data can display and that's just sending everyone to their financial graves. This only proves that they literally cannot do anything to change what is happening and would prefer to just let the market settle ITSELF, all on its own , with continuous monitoring by yours truly, the FED. ---- Like the chart? The fundamental analysis too? Give my chart a boost, comment and share it. Its completely free, bookmark it, save it -- it is yours!
BYBIT:BTCUSD.PShort
by Wamses
Potential LTF BTC trade (Falling Wedge)BTC is coming out of a falling wedge of which’s target has been met. During this, the price action created a falling wedge which could take us higher until we reach the HTF resistance line in yellow which has continuously pushed price back down. I think upon touching this yellow resistance line we will fall down to around the 13k level as there is major support there, please check out my other chart for BTC where I detail this. (BTC Price Prediction - TA)
Long
by CripToeMonke
ETHEREUM PERSONAL ANALYSIS IN THE VERY SHORT TERM (LANDSLIDE!)Total evaluation for the ETH asset is completely bearish. I repeat, bearish. Its quite obvious where we are going at this point. I don't see any particular bounce until we hit the previous support which is around 1500$ and even then depending on the current situation for Jack Powell's speech, we might see a more bearish approach. Lets tune in together at this very important day because there is a huge chance whatever happens today will reverberate all throughout our low volume weekends which is hugely prone for manipulation pumps either way. ----- Like the chart? Save it! Bookmark it, boost it, comment on it you go for it -- its completely free and yours!
BINANCE:ETHUSDShort
by Wamses
ETH PERSONAL ANALYSIS IN THE SHORT TERM (CONFIRMED!!!)The total current evaluation for Ethereum is a massive bear. Yes, you are reading that right, it is a complete breakdown of a confirmed rising wedge on the daily and you know what that means? This means that the price will now go back to where it originally started. Please be mindful of longing anything right now as we do not have any confirmations on any sentiment or fundamental or economical news to support a bullish reversal. The NASDAQ and the SP500 are on its way down, you can check it on my profile. You are in a bear market after all, shorting is the best move as is longing in a bull market! --------- Do you like the chart? Do not forget to boost, comment, or share this to your friends. Bookmark it, save it, its completely free!
COINBASE:ETHUSDShort
by Wamses
CAD/JPY - 1H - Rising WedgeCAD/JPY is in a bullish trend, making HHs and HLs and forming a Rising Wedge . The price action is currently making a pullback into the rising support which has a confluence of slow MA dynamic support. The Bullish Bias is based on the following signals: Bullish trend (price making HHs and HLs) GMMA: fast MA above slow MA with separation Slow MA acting as dynamic support RSI above 50 and not too near overbought levels OBV convergence with price (uptrend has conviction) Expecting bulls to be in control above the rising support. Go short if the wedge breaks downside. Like & Follow for more such ideas.
Long
by yo_zubair
GOLD - New bull market has started! | All-time high next year Gold has bounced successfully from the strong support level on the weekly chart. As per my Elliott Wave analysis, an ABC correction (FLAT) + Wave (4) have been completed, so we can start a brand new impulsive wave! On the weekly chart, we can spot a beautiful rectangle consolidation, which is a strong continuation pattern. The price is above the 200 moving average. The 200 weekly MA is considered a very strong support area by huge institutions and hedge funds. I think this will be the final impulsive wave and then we can go back to retest the rectangle from the upside. You can place your profit target at the top of the parallel channel , but do not forget to switch to the LOG scale. For more analysis, please hit "Like" and "Follow"!
OANDA:XAUUSDLong
by UnknownUnicorn2537518
32
SP500 INDEX PERSONAL ANALYSIS IN THE LONG TERM (DUMP)The overall evaluation on the SP500 index has been in a monthly bearish trend that has always confirmed itself via a monthly resistance trendline rejection ever since the apex turning point of this index from January 2022. Please be cautious on your risk management as always. The projected lines of direction (white) are not random skittles, but was produced by my experience of years of trading on how market moves work to build proper market structure. Yes, it is possible that we may even dump further than expected or pump tremendously due to some peculiar and consistent positive catalysts however this serves as a "guideline" on what to expect for the months to come. The SP500 is very similar to the NASDAQ structure and as well as in crypto. We may not see any potential major consolidation ranges until we hit the 2020 support lines. ------------------ You like the chart? Its free! Don't forget to like, share and comment! Bookmark it, save it so that you may add it as additional reference for your future trades. Thank you! (If you got any spam notifications by me reposting this a lot, its because the image view or zoom is not available in tradingview upon application. You shouldn't have to adjust it yourself, just read for your convenience!)
VANTAGE:SP500Short
by Wamses
1
Bitcoin - Last valid bullish EW count was invalidated, what now? I studied this market structure for several hours, and my conclusion is that there is no valid Elliott Wave bullish count. Simply, a valid Elliott Wave count does not exist. Is this a problem?  From the Elliott Wave perspective, there are 2 possible options: 1) If we want to stay bullish, we have to accept the fact that a third impulsive wave can sometimes be a diagonal, not only an impulse. which I think could be true.  2) This was a huge WXYXZ corrective structure and we must go below 17622 USDT to confirm this count, make a new low, kindly by a wick, and then we can start a brand new uptrend or continue lower to 13-15k.  Which one of these options do you see? Let me know in the comment section what you think about it!  This technical analysis shows an impulsive wave with a non-standard diagonal third wave. We still have a total of 9 waves, which indicates a bullish movement as per the simple rule that 5, 9, 13, 17,... waves are generally impulsive structures.  Market structures are not perfect. Sometimes you can see a weird triangle or a weird wedge, as well as a weird impulsive wave. I don't trade Bitcoin, because my strategy and system is a strict pattern that occurs only sometimes in the market. That's why I watch 1000+ altcoins and pick only the most promising ones as per my strategy. But I do have Bitcoin for the longterm hodl.  For more ideas, please hit "Like" and "Follow"!
by UnknownUnicorn2537518
75