Hello traders and followers,
Just updating you on BTC moves,and bringing you a new trade, wich should only be entered after confirmation (breakout), cause you know, btc makes weird unexpected moves all the time...
We are looking at the 1hr chart, and price is forming a falling wedge, wich is a bullish pattern, and should be breaking out soon!
Trades can be...
We have a falling wedge forming pattern (reversal) on the 4h chart here wolves, the end of the wedge landing in a heavy support zone with 2 main supports at 8120 and 7850 creating a breakout zone. We have just bounced off the first support, however, with vol still low we are expecting to be rejected from the wedge resistance and move down to the second support...
So far the bigger bearish head and shoulders pattern on our chart has had the price action bounce upward off of it each time it's connected with the neckline...Considering how the larger pattern the head and shoulders is inside is a falling wedge pattern which is bullish and tends to break upward, my presumption is that any time the price action reaches the...
Is #ZIL looking to bounce before reaching the 0.618 fib retracement? looks like its forming a falling wedge? is it? we will see if its in the pattern or the fib? either way will be fine right?
Whats up Yall,
NANO is looking good for a low risk entry at the bottom of this falling wedge, which is a bullish pattern after a downtrend and very reiliable pattern.
Positives - Wedge pattern is bullish pattern, low risk entry of this pattern, bullish divegence on MACD, overall bullish on Klinger Oscillator and Stoch RSI almost form bullish...
Hey everyone,
I hope everyone is doing fine. My last chart didn't work out I thought we were going straight to 10k but instead Bitcoin started the detour.
Nevertheless I still think we are setting up for a breakout right now and we have a few more signs. Today I would like to share them with you.
First of all we are forming a what I think is a 'Bullish...
I know I have been analyzing a bunch of other alts recently, with it being cup and hande season and all...but let's get back to the bread & butter...the btcusd chart. As you can see we have formed another falling wedge(a bullish pattern) which happens to also be a slanted bull pennant. Both are bullish patterns and considering how close they are to the upward...
There was no more room left to go sideways as the price action got pinned up against the Eve trendline(in pink) and since the falling wedge(bull pattern) broke out first before the bearflag(bear pattern) had a chance to breakdownward it caused both to break bullishly upward....the upward projected breakout target for the wedge is $9238 while the upward projected...
Price action is currently being squeezed between the 4hr buy/sell line(50ma) and the 4hr tline(8 EMA) and should shoot one way or the other soon enough. I expect a break upward even though it's currently forming a bear flag(which usually breaks down). A break below the bearflag could take us as far down as $7938 but if we go up then we could hit the neckline of...
Hi there
i think short term target will be around 10100
reasons :
1. size of falling wedge left side
2. elliot waves size of wave 1=5
3. 1200 ma 4 hour= 200 ma daily huge resistance
4. 38.20 fib retracement of 11700 to 6500 fall wave
looking at the chart that i have posted we are yet out of this downtrend! we are in a critical position with ontology. we are testing the white support line and it has held after two bounces off, so indeed it looks strong. we are currently in a downtrend and along with that being said we have tested the top red resistance line several times. with the previous...
Bitcoin has been forming a very large Falling Wedge over the past several weeks. We can see that support and resistance levels are bound by the wedge, and that we are nearing its apex. What will happen at the end of this wedge? Considering market sentiment and the current global financial climate, I'd say it's more likely that BTC will break downards. But there is...
Over last couple weeks we have noticed a falling wedge pattern on most coins. Overall bullish market may resume, as our current downtrend breaks current trendlines upwards. On Daily Chart, we see it has closed above, and as we see RSI move towards overbought, we may see a slight dip downwards to test resistance levels again. If we stay above previous resistance...
Not unexpected the great bullish price action I woke up to this morning but still a great feeling to finally see the breakout from the falling wedge I had been expecting finally triggered. What's more than that, if you look at the bpottom wick of the current day candle you will see it bounced upward off of the eve bottom that I have laid out precisely, further...
