It feels very much like we're in the opposite situation that happened after reaching 20k. It's one of those moments where it takes guts to go long and bears feel like they are right.
It seems BTC is forming another falling wedge. I think we'll see 1 more move down after rejecting at the trendline and then a rally up to the descending triangle trendline near 3850.
Its hard to ignore this whole last year and how the price is playing out. Maybe we have just been watching the micro so closely we have ignore the bigger picture. The fibs in the most recent price action are beautiful. If you draw your fibs and s/r levels to get confluence areas you will see how they have been respected to the T lately. This idea of a giant wedge...
0.36927 will only be met if the daily candle closes like this. Other targets are:
0.31480
0.34407
Currently long on Kraken with 5:1 leverage. Position opened at 0.29500 cent.
Hello guys, Cryptocue with a long idea about BTC. In the past few days BTC has been dropping with some weird price action, a lot of wicks follow by dumps forming a falling wedge. We had this idea in mind since the "fakeout" and saw how BTC bounced from the bottom trend line and right now it's at the apex of the formation, we believe it's time for an upward...
After a long time, we are publishing a new graph as the cryptocurrency market has been very bearish. Bitcoin seems to be a bit more stable than before as the volume has been decreasing after the "huge" dump. A lot of coins are pumping right now and we feel that the bears start to weaken which is the best sign for trading.
One of the coin that has not pumped yet...
Hey guys. BTC is forming a very good looking falling wedge- reversal on 4H. The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. i think there are 2 breakouts possible.
Breakout on number 1 : We'll possible see a very weak bounce out of the falling wedge and the price will consolidate around 3550 for a while.
...
⋱ℌello dear friends, let's have a look at Bitcoin⋰
Structure and patterns:
≫ Clearly we in big symmetrical triangle structure, moving inside it closely to the apex.
≫ Inside this pattern, we can found another structure called Descending Wedge (Falling Wedge), it is bullish in two of three cases so it's 67% probability to be bullish, and 33% probability to...
If you didn't buy ETH at $82 like we told you, then again at $112, you've got a new opportunity. Low 100's buy in is a safe bet with good support in a falling (bull) wedge.
Wait patiently, please like this chart and follow me, and I will update when it a good time to buy in. We are long in the bigger picture, please take at look at the past posts
You're Welcome
nzd/usd has created a past falling wedge pattern which shot up in price. Price than went to create a double bottom which I'm hoping will touch resistance and start to decelerate.
XABCD pattern has been places to show where price might fall back from.
After making a new bullish impulse have of the last month and a half we have settled down and formed a corrective wave. This corrective wave has formed a falling wedge pattern and we broke out. Look for a rise in Bond prices.
If you guys enjoy the analysis leave a follow! :) - Much Love
EUR/USD has formed a falling wedge pattern.
It has broken resistive trend line and is currently consolidating.
Hence we expect the counter to be bullish and move to higher levels.
