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...
A quick update we are reaching a pivotal point as we approach the apex of this falling wedge as well as continuing to follow this potential eve bottom quite precisely. You can see here on the 1 day chart we are currently up outside the falling wedge on the current 1 day candle...like the previous 1day candle, it is finding strong resistance at the t line(in...
Its ok to revise your pattern boundaries as the chart action provides new data. As you can see I was stopped on this trade in a bulltrap. I have marked my original upper wedge boundary and my revised boundary. I always chart based on best fit. I consider things like number and strength of touchpoints with the line among other things. In this case I choose to view...
On the 1H time frame we see good signals on the StochRSI and a MACD cross that could lift things off for a potential breakout. (This is not financial advice, this is a volatile market where anything can happen)
BTC currently in a falling wedge. Was not able to break out yet. If it won't break out soon I think it will test strong support at the .786 at 6599 USD again (grey fib level). Break out of falling wedge does not mean that the bear market is over. Lots of resistance above it. If the 6599 support breaks I think BTC will be headed towards at least 4400-5000;...
Bulls want to see Falling Wedge breakout sooner than later. Wedge breakout target to test descending channel upper boundary at 9000. Bears want to see trading below 6400 range for continued downside.
We have a clear picture being painted, down before we can go up. We need a capitulation in order to get back up. So just sit tight and wait for the right entry. Market is very depressed due to price action, buyers that are entering are quickly exiting positions causing the market price to decline. We will be breaking down the final support that we have and then...
Adam and Eve double bottom for Bitcoin looking more and more likely after a successful retest of the double bottom lows. Let's see if the volume continues to head back up and capital continues to re-enter the market.
As you can see BTC got really excited, tried to get it up to 7.2k . The girl was so sexy, he only lasted a few minutes. Get it when it drips on the ground
Falling Wedge pattern break out on hourly chart
I think btc break out of falling wedge and is going 2400$ up as wedge height , target is 10700 and it`s clearly fit elliott waves theory. feel free to comment your idea here.
Appears to be a falling wedge pattern. In any event, the TA for this weekend doesn't look great. RSI is descending. Trade within range, but monitor carefully Breakout: when?
Bullish Trend - Falling Wedge - Watch for a breakout of the upper trend line for a great BUY opportunity.
Looking at the 4h chart of LTCUSD , there is a falling wedge which is currently sitting on support. If it breaks this support, we will either break bearish but if it bounces off the bottom of the wedge, we might break bullish.
Possible Bullish scenario for BTC Falling Wedge Bullish Reversal Descending Volume Profile Near major fib levels
Dears, O Bitcoin depois de ter rompido a LTB e que sem força e voltou abaixo da linha e acabou perdendo força compradora deixando somente um topo duplo. Depois de uma semana de queda forte o preço testou e perdeu suportes importantes encontrando um ponto de suporte proximo a retração de Fibo em 61.8% e acabou por fazer um pequeno "pullback" que acabou devolvendo...
Looking for buy opportunitys all the way up. Please facilitate on a lower timeframe. :)
Basically, this prediction will live if BTCUSD will continue to fall after it reaches $10200-10300, which is now a support line.