Hi!
Let's talk about BCH now!
BCH formed support line and resistant line, and it looks like a wedge.
Now, it hits the key support line.
There are two possibilities move as always.
If BCH hold on this support line, then it will test the upper line of the wedge and i believe it will break after the bounce.
But, if BCH break the support line, i believe we will test...
Hello friends,
It's been a while since my last post; lack of time and an urge to do more research has mainly driven me to take a break from posting ideas on TradingView. I am still in the process of doing more research and study, but I figure posting once in a while couldn't hurt.
Since I have become recently very convinced about this, I am outlining a very...
Today, We saw huge dropdown occured by bearish Rising Wedge pattern. BTC dropped down, below EMA21 and EMA50 again. It can be seen that these two trend lines are a strong opponents for BTC. We saw some false attempts to break EMAs trend lines, but the true breakthrough still did not happen.
Today's goal is to close above $7550, above EMA trend lines. Then...
Hi all,
BTC is basically trading in range. It means the market is undecided on what the BTC future price should be.
As a consequence, we are trading on Bitmex on low intervals.
Here is a possible trade setup based on current resistance, the Soch RSI level and the rising wedge pattern in formation.
Target is at the bottom of the wedge corresponding to next support...
Potential Short Setup.
1. Rising wedge Awaiting
2. DESCENDING Triangle.
Wait for the breakout from DESCENDING Triangle before taking SHORT position.
PS: Ignore typo - I actually meant 'Descending Triangle' on the chart.
Hi guys
Today i'm in here with a nice viewpoint for you! when we have in a market, we can draw many of major and minor patterns to get the range of market moves.
Also you can get good idea from kumo of ichimoku, especially when you can draw patterns on them. Look at the chart for seeing several scenario and 2 long term T.P in the future.
Have a good and profitable trades.
The price is currently trading within a rising wedge, it is very likely that the price would breakout the support of this rising wedge. The RSI is in a position that supports a downward move and if the price does start to move down from here the next major support is at around $364. I would keep everyone updated on my findings on this pair.
The rising wedge has broke, the price has managed to breakout the support level of the rising wedge pointing at further moves down. The price may take a break and retrace slightly before continuing bearish. I believe the price could fall as far as $6,600 then it will reach a strong support level. I would keep everyone updated on my findings with cryptocurrencies.
Looks like NASDAQ is leading the way in the stock market in terms of bullish strength. We're knocking on the door of ATH's, and I can say with some confidence that we will breakout at some point in the near future. It's possible that we can break past ATH's on the first attempt, but I am a little reluctant to become an aggressive buyer just yet. A small rising...
Reasons to consider a short sell:
Rising wedge formation indicates fewer buyers on each re-test of trend line
Pop out the top of rising wedge into a previous consolidation zone that trigger a sell off during May (supply zone)
Risk to reward (4:1) meet's criteria and allows multiple profit targets
BTC is near the apex of a bearish rising wedge. support is being tested as we speak, and it looks unlikely to hold this time given the stochastics and wave trend oscillator with twiggs money flow overlay show confluence, falling from the overbought condition. This is a short, at least to the 4hr 50ma. the bearish trend is likely to continue at this point, but a...
- As you can see IOTA is about to complete a rising wedge. It hit a standart 1:1 3rd wave and about to hit 1:1.618 5th wave, being the top of the resistance line.
- I can guarantee that they will sell the news (see: kryptocal.com)
If you find this chart helpful please consider donation:
- BTC: 1HGdrfsRckVe8hPTfk23EHnYxtCkNu4oXV
- LTC:...
Rising wedge on the hourly + bearish RSI divergence, good time to go short
We can wait for a breakdown of support which would give us confirmation that the rising wedge is in play
profits as mentioned in the graph, TP3 is the uptrend on the daily timeframe
Our Stop loss is a break of resistance
CDT has been moving upward through a rising wedge. These patterns can be continuation or reversal patterns.
Taking into consideration the bear cross on the stochastic RSI and the fact that the price is sitting in a wide bearish kumo with future price volatility not decreasing by very much.
The Kijun and Tenkan San are both acting as support but have begun to...
