USOIL is breaking down! The trendline from 2020 has been destroyed by the bulls recently, and we can free fall to 61.76 without any problems.
On the monthly chart, you can see a falling wedge, and all patterns should be retested. This is a chance to retest the wedge on the breakout point at 61.76 or even lower at the trendline.
This chart is totally brutal,...
Hi dear community and my lovely followers. Today I'm looking at weekly timeframe and want to count Elliott wave from 2018 bear market bottom to the current price. As you see, I think the correction started from 2021 November is a wave 4, which consists of ABC corrections). At the moment BTC is going to complete 5 sub wave of C wave or it has already completed ....
Falling Wedge Breakout
Formation of HH and HL
Aggressive Entry @ current Level (360.06)
Conservative Entry @ formation of HL, confluence with trendline support (355)
Trade with specified Stop Loss
TP levels are specified
Ride the trend with trailing stop Loss
Falling Wedge Breakout
Formation of HH and HL
Aggressive Entry @ current Level (168.76)
Conservative Entry @ formation of HL, confluence with trendline support (164)
Trade with specified Stop Loss
Ride the trend with trailing stop Loss
A nice example of connecting patterns on different sized candles
On the 4H candles we can observe a triangle, after breaking through which we started to form a falling wedge on a smaller timeframe (15m). While the wedge was broken, a lesser-known dragon pattern was formed (I'm just starting to study it .. thanks to @sylviasylvia .. ) whose last target is...
BYBIT:BTCUSDT.P
BTC is at support of the larger yellow falling wedge. In the smaller white channel, BTC has a build up. Look for break and retest for upside to 18,200 - 19,300.
Possible entries via lower time frame (1h Pennant). Remember it's the weekend, so volume is usually low.
If you liked this idea or if you have your own opinion about it, write in the...
I agree with Ben Zhou on his opinion about 4-digit Bitcoin!
He thinks that we are probably going to see more bombs coming in the next few months (liquidations of exchanges, coins, or other big players).
The CEO of Bybit has a lot of insider information about traders on his exchange. For example, he can see where the liquidity is and where people have their...
I will tell you, when the moon is for XRP, but first, let's take a look at the technical analysis.
On the chart, you can see two major downtrending trendlines, and the price is below them. The bears are in full control, and I cannot be bullish at this point.
The previous uptrend from June 13 to September 19 was a 3-wave structure (ABC). This suggests a...
Dear anons,
Provided another longterm projections based on past BTC peaks, dated back to 2017 & 2021, respectively.
💡Summary:
NEXT PEAK
> time target: mid/Dec 2024
> price target: $200k, 220k, 250k
**factors affecting targets marked on-chart
..
💬 Extra Note:
with various forms of hidden/blatant power wrestles ongoing btw China & US
dat...
I'm already positioned at much lower prices but today i see a potential entry to a day trade setup on LTC so in a different account i will be Longing Here and Targeting $103 as we are in a wedge, cracking into a weekly S/R zone, and the next resiatnce above would be $84.2 then straight to $103
SMRA . W1. Falling wedge pattern.
SL 540
TP1 720
TP2 800
TP3 985
⚠️ Manage your expectation to set your entry. The SL is 11% from the last closing price (615).
⚠️ See detail in my previous post (SMRA in daily timeframe).
IDX:SMRA
DYOR.
Disclaimer On.
SMRA . D1. Falling wedge pattern.
SL 540. Manage your expectation, because the SL is 11%.
SMRA had broke the resistance. Then the resistance has become support. So it potential to go to unfilled order area (level 670-700).
My personally set the entry at 590, 610, 615 (layering). And if it closed under the support (610) I will exit, even though in theory the SL is...
USDCHF has completed its cycle on the 4H time frame and likely to retrace before the continuation of the bearish trend. On the 15mins time frame, we can see a corrective nature of the market which is forming a falling wedge indicating a bullish move.
Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this DUSK/USDT trade update.
DUSK looks bullish here. Breaks out from the falling wedge-like structure in 4hr time frame and currently looks like it is going for a retest. Long some here and add more at the retest level.
Entry zone:- $0.087-$0.089
TP1:-...
