Rising Wedge
The last bullish chance of CARDANO in short term!The ADAUSDT has broken the wedge, which is a bearish sign in the short term. The price can correct down to the 0.618 Fibonacci level and then potentially shoot back up.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
"ALTCOINS: HOLD OR SELL? BTC Dom at a Critical Turning Point!🚀 Hey Traders! 👋
If this analysis resonates with you, smash that 👍 and hit Follow for premium setups that actually deliver results! 💹🔥
🔥 Market Recap
Last night, we witnessed a massive liquidation cascade across the entire crypto market. Altcoins took a heavy hit, with many dropping 20-30% overnight, wiping out billions of dollars.
🔑 Key Takeaway:
This is why I always stress—never trade leverage without a stop-loss. Protect your capital first. Hope you all followed this golden rule!
📊 Market Outlook: Where Are We Heading?
BTC Dominance:
Breaking down from a rising wedge on the weekly time frame—a classic bearish signal.
Currently retesting the breakdown zone, indicating a potential sharp decline ahead.
🌟 What This Means:
If dominance drops further, spot altcoin holdings will likely surge.
This is the time to accumulate, not panic-sell.
💎 Opportunities Ahead
Many altcoins are retesting key support levels after breaking out on the daily time frame:
FET, W, PEPE, LTC, APT, RENDER, and more.
Patience is key here. Hold onto your spot bags and use this dip as an opportunity to accumulate strong projects.
🚀 The Road Ahead
Over the next few days, we anticipate a strong recovery across the market, with alts pumping hard. Stay calm, stick to your strategy, and ride this wave.
💬 Your Move:
What’s your strategy for this phase? Are you accumulating or waiting for more clarity? Drop your thoughts in the comments below—we’re in this together! 🌊🔥
👉 Follow us for more timely updates and winning trade setups. Let’s crush it! 💪
$BTC #Bitcoin Just Gonna Leave This Here (Hmmmm..Maybe?) 😝This is just adding onto my logarithmic regression-inversion theory and how I personally believe the $BTC price movements may specifically play out. The general theory is that the logarithmic regression of $BTC will invert at a certain point in the next 1-3 years, changing the price suppression $BTC has had for its whole life into exponential support. I personally believe this is very possible, with exponential adoption of #Bitcoin for things like sovereign wealth funds, countries' legal tender and possibly even a world reserve asset. If those things (plus other possible variables) occur then this is how I see that possibly playing out.
Here is a detailed explanation of what I personally believe is happening/going to happen here.
Phase 1:
There would be a breakdown of price like we have now (possibly) completed. This would be in order to accomplish a few things for global institutions. Some of those things are:
1) Get Bitcoin out of the hands of the "common man". It would not be possible to acquire the amount of $BTC needed with so many people holding.
2) Cause liquidity issues for exchanges, making it more difficult for just anyone to purchase. (We have already seen this. ex: Voyager, Celsius, etc.)
3)Allow large accounts to be created at more feasible prices, while also providing a good (high) enough entry price to sustain value for the overall asset in the eyes of the public. (To keep people from losing interest)
There are obviously more reasons, but that's another post.
Phase 2:
A relief rally back up to the median range. This will obviously be a very volatile range, as 50% of investors sell (expecting a sharp move downward) and others (possibly the central financial institutions and/or sovereign wealth funds, who will not initially disclose their acquisitions) accumulating within this range.
Because of this volatility, the likely range it will be in, the immediate supports/resistances, and the typical movement of the $BTC price; My current prediction is that $BTC will move upward, after flipping the top of the recent range into support, and break above the main down-trend of a massive flag that $BTC has been forming for over a year. Then after a retest of that upper trend, price will attempt to break the new-found resistance as traders long from that trend line. Believing that this is the last upward movement, traders will then short the resistance level, and other holders may sell out of fear (or just simply because they will be at a break-even price, since a lot of volume was transacted in that range). This range will then prove to be the median range, previously mentioned. $BTC will then make a lower low, again at the upper trend of the flag. This will seem like a "bear-signal" but will actually be a second confirmation of support off of the upper-resistance trend of the flag, which will "fake-out" traders, causing a short squeeze. Then more traders will continue to short as others switch to a long stance. All of these movements will print an inverse-head-and-shoulders, the break-out of which will give $BTC price the momentum needed to make it back up to the $60K-$70K range.
Phase 3:
After making it back to the "all-time-high" range, there will undoubtedly be heavy volatility, as some call for a triple-top and others "FOMO" into #Bitcoin. This volatility, bouncing between the upper regression curve and the inversion curve, will begin to print a "rising-wedge" pattern. The break-out of this wedge will be the ultimate inversion of regression into exponential growth.
This is all pure speculation, however it is based on both, strong fundamental data as well as technical data. I personally believe in this theory, and it could also play out in other ways, but this scenario seems to make the most sense to me at the moment.
**This is my own opinion based on data observed. This is not financial advice.**
Nothing!!!Currently, the price is in a descending wedge, which could lead to a price drop after the break. The bearish divergence in MACD and RSI strengthens this signal. Therefore, we should wait for the wedge to break.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
$LUNR: Rising wedge post breakoutRising wedge one month after breakout, if it breaks the resistance line that has been forming -- watch out below.
Nobody appreciates it !!!The toncoin has broken the wedge, which is a bearish sign in the short term. The price can correct down to the 0.618 Fibonacci level and then potentially shoot back up.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Real Success Rates of the "Rising Wedge" in TradingReal Success Rates of the "Rising Wedge" in Trading
Introduction
The rising wedge, also known as the "rising wedge" in English, is a chart pattern that has a remarkable success rate in trading. This analysis details its performance, reliability and complementary indicators to optimize its use.
Success Rate and Performance
-Key Statistics
Overall success rate: 81% in bull markets
Average potential profit: 38% in an existing uptrend
-Breakout Direction
Bearish: 60% of cases
Bullish: 40% of cases
Contextual Reliability
Bull market: 81% success, average gain of 38%
After a downtrend: 51% success, average decline of 9%
Important Considerations
The rising wedge is generally a bearish pattern, indicating a potential reversal.
Reliability increases with the duration of the pattern formation.
Confirmation of the breakout by other indicators, especially volume, is crucial.
Complementary Indicators
-Volume
Gradual decrease during formation
Significant increase during breakout
-Oscillators
RSI (Relative Strength Index): Identifies overbought/oversold conditions
Stochastics: Detects price/indicator divergences
-Moving Averages
Crossovers: Signal trend changes
-Dynamic Support/Resistance: Confirm the validity of the wedge
-Momentum Indicators
MACD: Identifies price/indicator divergences
Momentum: Assesses the exhaustion of the trend
-Other Elements
Fibonacci Levels: Identify potential support/resistance
Japanese Candlestick Analysis: Provides indications of reversals
Conclusion
The rising wedge is a powerful tool for traders, offering a high success rate and significant profit potential. The combined use of complementary indicators increases the reliability of the signal and improves the accuracy of trading decisions. It is essential to look for a convergence of signals from multiple sources to minimize false signals and optimize trading performance.
_______________________________________________
Here are the best times to enter a trade after a rising wedge, in a professional manner:
-The confirmed breakout
Wait for the candle to close below the support line of the wedge.
Look for a significant increase in volume during the breakout to confirm its validity.
-The retest
Look for a pullback on the broken support line, which has become resistance.
Enter when the price rebounds downward on this new resistance, confirming the downtrend.
-The post-breakout consolidation
Identify the formation of a flag or pennant after the initial breakout.
Enter when this mini-formation breaks in the direction of the main downtrend.
-The confirmed divergences
Spot bearish divergences on oscillators such as the RSI or the MACD.
Enter when price confirms divergence by breaking a nearby support.
-Timing with Japanese Candlesticks
Identify bearish formations such as the Evening Star, Bearish Harami, or Dark Cloud.
Enter as soon as the next candle confirms the bearish pattern.
-Important Considerations
Always place a stop-loss to manage risk effectively.
Be patient and wait for the setup to be confirmed before entering the trade
Check the trend on higher timeframes to ensure the consistency of the trade.
Integrate the analysis of the rising wedge with other technical indicators to improve the quality of decisions.
By following these recommendations, traders can optimize their entries on rising wedges while minimizing the risk of false signals.
BTCUSD Bullish Continuation: Rounding Bottom Supports Uptrend!COINBASE:BTCUSD - 4Hr Analysis
After analyzing the chart, I believe that price will continue its bullish cycle in the next few hours due to the formation of two key patterns: the Rising Wedge and the Rounding Bottom.
Rising Wedge:
The Rising Wedge is traditionally a bearish pattern, indicating a potential reversal or breakdown. However, in certain cases, this pattern can break out to the upside in the short term, especially if the price is near the top of the wedge. As seen in this chart, the Rising Wedge could suggest a temporary bullish breakout before the bearish pressure takes over. The breakout from this pattern often occurs due to bullish momentum pushing the price higher for a brief period.
Rounding Bottom:
The Rounding Bottom is a bullish pattern, indicating that the price has already started a recovery from a period of consolidation or decline. This pattern signals strength and momentum building after a downtrend, making it more likely that the current uptrend will continue. Since the Rounding Bottom is a reliable precursor to a sustained uptrend, it supports the idea that Bitcoin’s price will maintain its bullish cycle.
Conclusion:
The combination of the Rising Wedge and Rounding Bottom suggests that although there may be short-term price fluctuations, the overall trend is likely to remain bullish. Traders should keep an eye on the breakout from the Rising Wedge for potential entry points, while respecting the longer-term bullish signal from the Rounding Bottom.
Follow your risk management and happy trading!
S&P 500 Technical Analysis Ascending Triangle vs Rising Wedge I've identified two potential patterns on the S&P 500 SP:SPX chart:
Ascending Triangle (blue trendlines): Higher lows and flat highs, with breakout potential above the flat top or a breakdown below the higher lows. Indicated by blue arrows.
Rising Wedge Developing (red trend lines and arrows): Higher highs and higher lows, with a potential bearish breakout below the lower trend line or a less common bullish breakout above the upper trend line. Red arrows highlight the touch points on the rising wedge pattern.
Pattern Rules:
For a valid pattern, the following rules apply:
Ascending Triangle:
At least two higher lows
Flat highs
Decreasing volume
Breakout above the flat top or breakdown below the higher lows
Rising Wedge:
At least three touch points on each trend line (I will use as few as 2)
Higher highs and higher lows
Decreasing volume
Breakout below the lower trend line or above the upper trend line (less common)
Quick Review for Beginners:
New to chart patterns? Here's a quick rundown:
Higher lows: A series of lows that are higher than the previous ones.
Flat highs: A series of highs that are roughly the same level.
Decreasing volume: The trading volume decreases as the pattern forms.
Breakout: When the price moves above or below the pattern's boundary.
Trend lines: Lines drawn to connect the highs or lows of a pattern.
Keep in mind that chart patterns are not a guarantee of future price movements, but rather a tool to help identify potential trends and trading opportunities.
Getting closer and closer to the bullflag targetsTwo of the biggest patterns bitcoin has broken upwards from this year are both bull flags and they both have a bullish confluence measured move breakout target of around $99,999. The first one that’s been forming the longest from we actually broke upwards from all the way back n February or March, and here is what it looks like: it was all the way back then I knew we would eventually reach this target and it’s extremely satisfying to click play and watch price action go directly to the target. You can see the price target for that one shown at the chart on the top of this page at the top of the dotted purple line. The other big bull flag of this year we only just recently broke upwards from in October, and it has also had beautiful priceaction unfold perfectly shown here: Clicking play on this chart also is amazing to watch it seemingly go up and hit the exact target with the dotted red line acting as a magnet. That same dotted red line can be seen on the chart image above on this current chart idea. Even though on both of those charts it looks like we have already hit the exact target, when you zoom n on the daily time frame here you can see that we came within a whisker of hitting the $99999 target but still have only gotten just below it. IN the process recently we have been consolidating in a rising wedge (as indicated by the diagonal pink trendline) and a rising channel (the ascending red trendline + the dotted red trendline). The rising wedge also can qualify as a bullish pennant and when you factor in the pink flagpole to where price has broken above the top trendline of the wedge, the measured move target for a breakout of such a pennant is around $116k. Rising wedges default mode is to break down instead of up, but in a parabolic bull phase many of them can consecutively break upwards, I do believe at the very least price action will finally reach both the dotted red and dotted purple targets. However, since that was the full target for two of the most pivotal bullish chart patterns of the year that may actually be a good time for it to make a solid correction. We also have the psychological resistance of 100k where many people would likely take profit at which could add to the liklihood of a correction in that range. Usually once price gets this close to a psychological level it tends to hit it so it would not surprise me at all if we hit 100k before the correction, there’s also a chance we could hit the little pennants 16k breakout target before the correction too but if we correct right after 100k, right after the 115-116k target zone, or just above that at the next big resistance area around 120-130k which is the top green trendline of this series of channels on the log chart: My belief is the correction will go down to fill the gap that was created in the CME bitcoin futures chart shown here: . I think it could likely retest that zone right around the 1day 50ma (in orange) rises up to meet that zone. My goal is to wait for a pullback back around there or back to the neckline (in yellow) of the big cup and handle we broke up from just recently, I will look for those levels as potential zones to make any additional entries into the market. The cup and handle has been by far the absolute biggest chart pattern of the entire year, however the channel of the red bullflag is also the handle of the cup and handle. Will be interesting to see how much of the above plays out how I anticipate it will. *not financial advice*
SPY Ascending Triangle pattern AND Rising WedgeAMEX:SPY Printing a nice ascending triangle pattern along a rising wedge. Could go either way as marked out but considering last weeks action the time for the rally of santa is here as we head into the day of the great Turkey. Some fat wall street bankers have to cover and generate returns they keep pushing people out of positions just to buy them up. Very likely we set a new ATH on SPY this week. We just as easily could reverse as rising wedges tend to be bearish signals.
Btc currently retesting top trendline of rising wedge/pennantIt now has 3 consecutive candles above the rising wedge on the daily chart. Should the retest maintain support the breakout target for the entire pennant is 117k. Should the top trendline of the wedge lose support the wedge could still potentially breakdown, in which case we could then see bitcoin correct further to try and fill this gap on the CME BItcon futures chart before resuming the uptrend —->
For now probability favors the break upward until we lose the top trendline of the wedge/pennant as support. Jim Cramer announcing he’s bullish on bitcoin could easily cause enough downside to change that probability though. *not financial advice*
NZDJPY → 92.00 - bull run triggerOANDA:NZDJPY continues to accumulate pre-breakout potential against 92.000 resistance. Japan's national currency continues to weaken amid inaction from the country's Central Bank and the dollar rally...
On D1 and H1, the structure coincides and generally tells us that the price is ready to go up. Trigger 91.950 - 92.00. If buyers can break this resistance area and hold their defenses above this zone, a quick distribution will not be far behind.
JPY confirms its downward course by breaking support, which generally defines the medium-term potential for us.
Resistance levels: 92.00
Support levels: 91.362
The overall structure will be broken when the support at 91.36 is broken, but there are no hints of that yet. The currency pair does not fall after the false breakdown of resistance, but continues to inflate the potential, which generally confirms the bullish intentions to go higher.
Rate, share your opinion and questions, let's discuss what's going on with ★ OANDA:NZDJPY ;)
Regards R. Linda!
Bitcoin weekly chart. A hint at how its price may head very soon
My understanding is that BTCUSD has already broken the breakout top-line of the weekly cup, it was a price at about 73,750. I could be wrong, but approximately correct. This means BTCUSD has broken out already.
This weekly chart of bitcoin contains the famous weekly head n shoulders pattern that first started forming back in 2021 or was it 2022? Either year is long enough.
In the chart you will also see a rising wedge on this weekly chart. Well bitcoin is climbing to the top right now and does not have far to go. USD might be very strong today so it may not be the session for Bitcoin, but Bitcoin is so resilient to the USD that anything is possible and BTCUSD moves fast when it wants.
Price will bounce out of the top of wedge and become independent to formations, before it makes a short retrace and then heads over the critical area which is the Cup top-lining. This will probably happen very quickly but there should be a retest of the breakout zone.
Also, you want to view the price action on a very low time frame, like 1m to 5m. There will probably be a bullish rising wedge that price also moves in before separating and breaking out.
Good luck.
USD/CAD Bearish CorrectionKey 4HR Resistance Coming up. Expecting up to a .010536 correction before pushing through 1.39500. Bear Divergency presenting itself on RSI. Expecting correction to take place. Will enter trade at break of rising wedge pattern. Will not think trade is gone if liquidity grab pushes price above the wedge.
Bearish Reversal Signals: Will the Price Reverse?4H Timeframe
Current Price: 20,030.9
Bearish Signals:
• Rising Wedge (Bearish Reversal)
• Ascending Broadening Wedge (Bearish Reversal)
Expect the price to test the first price target (PT), followed by the second. Resistance may trigger a bearish reversal after reaching these levels. If the price finds support, we may reach the third PT, which is at the upper trendline of the rising wedge. Then, after reaching our bullish targets, the price would likely start its bearish reversal to eventually reach 18,749.0.
Price Targets:
Bullish:
• 1st TP: 20,210.3
• 2nd TP: 20,351.4
• 3rd TP: Upper Trendline of Rising Wedge
Bearish Reversal:
• 1st TP: Broadening Wedge Lower Trendline
• 2nd TP: Lower Trendline of Rising Wedge
• 3rd TP: 18,749.0
Happy Trading!
GBP/CAD D1: Potential Breakout from Rising Wedge with Double TopOn the daily chart of GBP/CAD, I’ve identified a Rising Wedge pattern with a Double Top formation within it, signaling a strong potential for a significant bearish movement. A similar pattern previously occurred on September 9, 2023, when a bearish breakout from the Rising Wedge was confirmed by a double top, followed by a sharp downtrend.
Currently, the same pattern has reappeared, with the price forming the second peak of the double top, but a breakout confirmation is still pending. The next price movement is illustrated by blue arrows, indicating the expected downward direction if a breakout occurs. Additionally, the breakout area is marked with a red rectangle to clarify the critical support level that needs to be breached, while the double top’s peak is highlighted with an orange circle to emphasize this key pattern level.
The strategy plan here is to wait for a breakout below the Rising Wedge support line to open a sell position. The profit target is set at the 1.7310 level, with a stop loss placed above the double top level, around 1.8200. If a breakout confirmation occurs, the bearish movement is expected to drive the price closer to the set profit target.
BITCOIN Short term Road Map !!!As you can see, the price has broken out of the wedge, and from now on, the price can drop to the 0.618=67k Fibonacci line. After that, we may see Bitcoin rise again.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
EURJPY → Buyer pressure is mounting. Pre-breakout consolidationFX:EURJPY is forming quite an interesting situation on the background of inaction of the Japanese Central Bank (weakening of JPY exchange rate) as well as strengthening of EUR.
The currency pair has been in the realization phase for more than a week. Based on the general assumptions, we can assume that this is not the end and the growth may continue. An ascending triangle is being formed on H1 (pre-breakout consolidation) against the resistance at 166.065. Accordingly, this level is a trigger. Within the general technical and fundamental environment, we can conclude that the currency pair is preparing for the continuation of growth.
If the bulls are able to overcome 166.06 and keep the defense above this zone, we should expect the continuation of the growth in the short and medium term.
Resistance levels: 166.06, 166
Support levels: 165.68, 165.14, 164.95
The trend is bullish, buyers are actively defending the trend support. All market pressure is focused on the resistance. A break of the level may provoke a strong upward impulse
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURJPY ;)
Regards R. Linda!
What will happen given the tensions?Gold is currently in a descending wedge and has completed its five upward waves, all indicating a bearish price trend. What further confirms this bearish outlook is the bearish divergence in the MACD. If the signal is followed, we will see a price drop. but Do current tensions in the Middle East allow for it ?
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
USDCAD ChartThere is Bullish Trend but have bearish divergence also reversal pattern of Rising Wedge. So, I am bearish bias in this setup. Wait for the breakdown of last HL i.e. 1.38110. then take sell entry putting SL on 1.39100.
