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Rising Wedge

BTC/USD SHORT / LONG after BINANCE:BTCUSDT SHORT TERM We can see rising wedge on btc usdt ... Thats should be short-termed trend reversal . I think price can go down to 20.000 in short term ... Iam selling 30% CRYPTO now and if BTC falls more than 10.000USD i will sell another 30%... LONG TERM If my SHORT TERM thinking will be right ... it will be possible to form very BIG pennant wedge and falling trend reverse back to bullish & my first bullish targets in this scenario will be 80.000USD-100.000USD ---> maybe in December ... When I am looking to BTC for LONG term i think it will be BULLISH for next years ...
Short
by Chlvx187808
2
Bitcoin Analyze (End of Rally is uploading)!!!⏰Hi, I hope you read my previous post and took an idea from my analyze. Today I tried to find the end of this rally by Bearish Expanding Triangle Pattern ( Main wave B from the corrective structure ). Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰ Location🌊 : if you want to know about counting waves of Bitcoin from 😱 2.5$ 😱 until the end of the Main wave A that you are seeing it on my chart, first you can read my previous post with topic '' Bitcoin Analyze 🗺️🔥(Counting Waves + Road map+ Long-term)🔥🗺️ '', second please read my post with topic '' Bitcoin Analyze (Road Map)!!!🗺️ '' too. Live : Bitcoin is moving simultaneously in a Rising wedge and Bearish Expanding Triangle . We expect after breaking the lower line of the Rising wedge , We reach the bottom line of the Bearish Expanding Triangle , which would be the sixth attempt to cross lines of the triangle, it may have multiple pullbacks to the broken bottom line of the Bearish Expanding Triangle , and this may create a Head and Shoulder pattern in which will prove the start of Mani wave C of corrective structure ABC . Interestingly, the neckline of the Head and shoulder pattern might be the target of the Rising Wedge pattern simultaneously. Here I want to briefly explain the Fibonacci retracement levels of the waves inside the Bearish Expanding Triangle . Guidelines : Wave B can retrace 78.6%– 88.6% of wave A = It has complied ✅ Wave C is usually 138.2% – 161.8% x wave A in size = It has complied ✅ Wave D can retrace 78.6%– 88.6% of wave C = It has complied ✅ Wave E is usually 138.2% – 161.8% x wave C in size = End of wave E can be between 138.2% x wave C= 49972$ until 161.8% x wave C= 51000$ , we have to find signs for verifying the end of Wave E. I think that we passed the end of wave E a few hours ago, the end of wave E could be on my TRZ . RSI : RSI has important resistances in front of itself, and we can see Bearish Deep Crab 🦀 that it is working now, and I think that this bullish rally can finish with a symmetrical triangle on RSI . Daily Timeframe ⏰ 👇https://www.tradingview.com/x/cfzW09Cp/ MACD : MACD is running in the symmetrical triangle and I guess that MACD will break the lower line of the triangle. also, we have Divergence between Price and MACD ( RD- ) until now. 4h Timeframe ⏰👇 My Suggestion : if you have Bitcoin , you have to think about taking profit from them Soon/ if you don't have coins, Don't be FOMO , probably time will give you another chance 👍😉// if you find triggers for short positions, you can do it. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Short
by pejman_zwin
24
Breakout. retest, continuation (BTC) golden pocket ($42,500) Hello traders. Buyers failed to reclaim the wedge so technically speaking it was a retest after breaking down which at the same time trapped bulls into thinking we we're going higher. Over the weekend we could've dumped but think they were waiting for CME's to close yesterday so we didn't print a CME gap. Yesterdays daily close was the most beautiful thing I've seen all month. Plan remains the same, 0.618 fibonacci (golden pocket) $42,500. 👍
BITFINEX:BTCUSDShort
by YurloTrades
2
GBPUSD vs 3 Resistance LevelGBPUSD is retesting 3 resistance at once, the rising wedge lower trendline & its previously resistance area, and its bigger timeframe down trend line. Of course, we're still waiting for confirmation in Candle Pattern & breakout. Manage your own risk. Disclaimer: This content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. Accordingly, the writer will not be liable in respect of any damage, expense, or other loss you may suffer arising out of such information or any reliance you may place upon such information.
by Phoenix-Rise-Trade
LUNA bearish?My followers made nice profit trading last LUNA idea of mine. You can see it in the link below. Now we have to take a step back and take a look at the bigger picture. In last idea, you can see a faded rising wedge that was invalidated by BTC drop (pulling LUNA down also). We traded that descending channel and made a nice profit, but now we can clearly see LUNA still respects this rising wedge. In the meantime we have bearish divergence formed on the RSI 4hr chart. Will we see some bigger correction, It could be the case since we have 2 bearish signs, rising wedge, and divergency. I should also mention that LUNA had a run-up of 320% without any significant correction. U should never underestimate the power of the herd, so it's possible we still can go up, but all signs for a move down are there and you shouldn't discard it. Be prepared for both scenarios...
by PhilosophersStone
2
BTCUSD 50K resistance zone is strong enough for dumpAs we said before resistance zone here is strong enough for dump But one important thing here is that some sellers and bears are getting in with opening short position here with stop losses around 50K--52K. So as we can see we have a broken pattern to the downside and some good reversal patterns and candles that are forming here and these are a good sign for the market to see some corrections to our targets and support zones on the chart But we may have a little pump before that and then... Notice: price can dump easily even now too. DISCLAIMER: ((trade based on your own decision )) <>
Short
by MMBTtrader
36
Bitcoin daily chart showing several bear signalsThis chart shows several bearish signals on the BTC daily chart, and is meant to provide insight into possible (but not guaranteed) future price movements. - It shows a rising wedge pattern, traditionally indicating a likelihood of a continuation of the previous trend (in this case: a downtrend). - It shows a decrease in volume. - It shows a bearish divergence on the RSI. - It shows a bearish cross on the MACD. Traditionally, these are all indicators of a bearish future trend, which can be used to speculate future price movements. I hope my analysis was helpful.
by mapav
ADA short term bearish, longterm bullishADA/USDT got a rejection on the 2.95 resistance (red line). If it will pullback further it can go down all the way to the diagonal resistance line of 2.65 approximately. But this depends on the behaviour of BTC & ETH. Eventhough, this can be seen as an healthy correction since we’re still in a solid uptrend (according to the yellow lines which form diagonal support). But on the longterm I’m incredibly bullish because of the fundamentals. This is my publication #10. Let me know what you think of it and if you have any questions, suggestions, feedback or other inquiries let me know! I’m also just a trader.
Long
by Awinish
7
ADA to 3.2$ wave 5Perfect hit on previous ADA setup. Looking like we are in the last wave 5 on daily. Fibonacci Extensions are in confluence and suggests targets are in between ~3,2$ and ~3.3$. 1H wave count looks like we are not done correcting. Entry : The 4H looks like a bullish falling wedge, so we can trade the breakout with an entry price around ~2.64. Because 1H says that we have one more leg down we could wait to enter at the end of wave 5 below ~2,47. This will increase risk reward ratio. Target : TP 3.28$ Stop loss : Risk reward ratio is pretty good but macro in crypto with BTC and ETH looking pretty bearish could increase risk. Stop loss should be set below lowest low. Depending on entry price this should be 2.460 for a breakout at 2.64 and 2.37 for the 1H wave 5 entry. Two scenarios lets see if they playout. Of course if BTC continues going down, highly unlikely because the weekend is coming, this idea will get invalidated.
Long
by CryptoSlots777
1