Take 300pips with fall GBP/JPYprice broke the bearish wedge and retest with price still under a resistance i expect fall from this level until 185.000 after broke we continue to 157.000
Rising Wedge
BTC: $35K OR $26K? WHAT'S NEXT?Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this BTC update. In my previous BTC post, I showed you that BTC is forming an inverse head & shoulder pattern and we got the breakout but it didn't go according to the pattern. This is just because everyone is talking about the same pattern (Inverse H&S) and market makers never want that more than 90% of people are right so they manipulate the price action. So we have to be extra cautious at this time.
Now let's get to the chart.
BTC is forming a rising wedge-like pattern in 4hr time frame. The direction of the breakout will decide the next move of BTC. If BTC breaks out (Break and close above $31.5k) from this wedge then our target is $35k or if BTC breaks down (Break and close below $29.5k) from this wedge then our target should be $26k
Let's wait for the breakout or breakdown then we will decide our next move.
What do you think about this?
Do you think we go to $35k from here or $26k?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
SHORT ON USOIL - BUT COULD BREAKOUT OF WEDGE AND BECOME LONGRising wedge on the higher timeframe, price is currently touching the resistance level of the wedge which is the best place to sell from once the bears show up.
If the bears do no show up I will be looking for a break and a rest of old resistance as new support then I will get in for a buy.
However I would prefer to sell UsOil as I would be selling high.
TOTAL CRYPTO MARKET BEAR WEDGE PLAYED OUT, H & S IN PLAYTOTAL 1 MARKETCAP
1ST target met which was a Rising Wedge pattern and a confirmed breakdown on the DTF and WTF.
I drew this pattern on my chart January 2022.
you can also see on the WTF it is losing the multiyear TRENDLINE SUPPORT, I would expect a bounce otherwise
2ND target 800B 2018 cycle HH.
3RD target Weekly Head & Shoulders 400-500B.
NOT FINANCIAL ADVICE.
GALAusdt will drop nowHello traders!
Gala has formed a strong sell pattern.
We can see a J shape pattern. Normally market fall after the first bearish candles but in some cases markets forms a rising wedge pattern at the peak and then drops.
In this case the rising wedge is already broken and i am expecting a dip in GALA.
If the market dips lower and breaks the 0.0720 then the market will retest it and will fall more.
BTC in Rising Wedge You've Been Warned!If we also consider the stochastic relative strength index on the 4-hour timeframe, we will probably fall into the lower band of the channel.
CADCHF rising wedge The price has formed a rising wedge. We expect the price to breakout below wedge and continue the bearish momentum. We are looking for a 38% of the Fibonacci retracement. After the price reached its target, move the s&l to the entry point.
Target: 0.7511
Entry: 0.7670
S&L: 0.7749
SOL to the downsideHello Friends!
Breakdown out of this rising wedge on the back of a death cross can drop the price to potentially 3 target levels.
-$87.20
-$79.20
-$59.51
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
Monthly Bearish Divergence Breaking Demand LineWe have a Potential Double Top inside of a Rising Wedge Pattern on the Monthly with Bearish Divergence and very little support below us.
GMT - Short Term ideaAs we can see price is trading within this rising wedge that represent a berish structure. Also make just a recovery of about 20% from last crash.
Bitcoin Might be Heading to $29,000This is a correction post from my previous post as Tradingview Ideas are uneditable & undeleteable after 15 minutes.
According to the price target of Head and Shoulders pattern in
Daily timeframe here, Bitcoin will inevitably hit $29,000.
There is also a rising wedge pattern that is forming right now.
Rising wedge is a bearish pattern. The broken bottom support
of the wedge will thus strengthening the idea of Bitcoin will soon
be taking a dip.
Please tighten your trailing stop if you're hodling.
Please also see my Weekly chart analysis.
$GMT RISING WEDGE (D)Another Rising Wedge pattern.
IMO i think if it break out of the wedge i will short and have a tight stop loss. With the BEAR MARKET i think GMT can go down but no clue high low. Rather risk a small loss to be able to capture a bigger move than sit on the sideline.... happened to me on WAVES at its peak so lets just see how it plays out
NON FINANCIAL ADVICE - journaling your trades
QoverQ
$ZIL SHORT (D) - RISING WEDGE #ZIL #CRYPTOPlease remember to factor in if the trade posted is a DayTrade (DT) or SwingTrade (ST). To eliminate any confusion, all of the Title's should include one or both DT / ST.
PLEASE REMEMBER TO NEVER FOMO IN!
I'm here to share my thoughts and also receive feedback so please leave a comment if you agree/ disagree/ or just wanted to talk about a different setup.
Thanks,
QoverQ
$ENS SHORT (DT) RISING WEDGE #ENS #CRYPTO Please remember to factor in if the trade posted is a DayTrade (DT) or SwingTrade (ST). To eliminate any confusion, all of the Title's should include one or both DT / ST.
PLEASE REMEMBER TO NEVER FOMO IN!
I'm here to share my thoughts and also receive feedback so please leave a comment if you agree/ disagree/ or just wanted to talk about a different setup.
Thanks,
QoverQ
USDT.D BREAK DOWN! BULLISH FOR BTC AND ALTS!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this USDT DOMINANCE update. USDT.D looks bearish here.
USDT Dominance is breaking down from the rising wedge-like structure. Looks like it is ready to fall from here.
As you know USDT Dominance is inversely proportional to the BTC. So if USDT.D falls so we can expect a rise in the price of BTC.
I'm expecting a good positive rally in the market for the next two weeks. BTC chart (Posted earlier) also indicates the same thing. If you did not read that update then check it out (Link given below).
What do you think about this?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
IBOVESPA's 2 Year Rising WedgeSince the Coronavirus Pandemic, IBOVESPA has been in a rising wedge pattern. There are key spots in the pattern. This ups the chances of IBOVESPA dumping, since the pattern has been there for so long, and it is still in action. We don’t know what will happen. The most probable thing is that it will dump. All we need to do is wait. BMFBOVESPA:IBOV
KNC/USDT : Breaking below the wedge, But still into channel!BINANCE:KNCUSDT
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!
$KNC has formed an ascending channel and it's currently moving into it,
On other hand, there was a formed rising wedge that got broken by recent candles.
This rejection has come with an opportunity for us to locate our Short toward the channel's lower!
If you're not interested in the market's bias yet; Then you can wait for the channel's rejection and locate your Short on a proper retest of the broken channel...
Be advised that if any rejection happens below channel; Then the main support are $4.35 and $3.55!
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
$KNC - Rising Wedge PATTERNLooking at the chart KNC looks to be rocketing, but is it loosing fuel? What do you think the next move will be?
SHORT once the trendline is broken?
GBP/AUD Downtrend May Resume on Wedge BreakoutThe Australian Dollar may resume gains against the British Pound following weakness since early April.
GBP/AUD's bounce has been slowing, and now a breakout under a bearish Rising Wedge is in focus. Further downside confirmation could hint at downtrend resumption, placing the focus on the early-April low at 1.7175.
Beyond that sits the 2018 and October 2017 low.
This is as the 50-day Simple Moving Average could continue maintaining a broader downside bias, holding as resistance in the event of a turn higher.
Otherwise, confirming a breakout above 1.7887 could precede further upside progress towards the March high.
FX_IDC:GBPAUD
BTC/USDT : Moving into a rising wedge!BINANCE:BTCUSDT
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!
$BTC has formed a range here on current weekly's movement.
Also, there's a formed rising wedge that currently covers $BTC's movement.
Based on the data we have, If $BTC breaks below the wedge it should drop to the lower range's level.
For now, we have the confirmation for possible Longs till $40600 as $BTC's moving above $39200!
I'm looking for two possible movements to Take Position on...
- Sweep on Range's high, And look for Short on any rejection.
- Break below the rising wedge and take any possible retest into pressure lines ( Broken support or broken pattern ).
On another side; If $BTC manages to hold above $40600 till the new weekly open.
There'll be a chance for bulls to push the price above $40800 towards $42400 in Monday's range.
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
APEUSDT Rising Wedge 1hBINANCE:APEUSD
We'll see what will happen :D
Wedge breakout will happen like this if BTC stayed cool :D
APE will be short on coming daysits weekend, month end and we are on the top of the rising wedge, we could see a breakout on coming day towards to 17
This is what I see as a very possible scenario #btclongtermbulHey everyone,
Here is my refreshed Daily view on BITCOIN.
More Controversial traders won´t agree with me as I guess majority of you is bearish because of RUSSIAN-UKRAINE situation, but chart looks bullish for me and that is what matters personally 4 me if I ignore emotions which are bad for trading proper technical analysis balanced and correct R:R trading setups then it screams buy on me.
As breakout with retest played out for me I see this situation like a very solid long position setup with a very nice R:R which could bring in next 2-4months up to 150-210% gains with 3x leverage
Breakout with retest "zoomed" in
another reason why I see this bullish is that we are forming higher lows since Januray
#btclongtermbul
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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