The price has formed a rising wedge. We expect the price to breakout below wedge and continue the bearish momentum. We are looking for a 38% of the Fibonacci retracement. After the price reached its target, move the s&l to the entry point.
Target: 0.7511
Entry: 0.7670
S&L: 0.7749
Hello Friends!
Breakdown out of this rising wedge on the back of a death cross can drop the price to potentially 3 target levels.
-$87.20
-$79.20
-$59.51
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
This is a correction post from my previous post as Tradingview Ideas are uneditable & undeleteable after 15 minutes.
According to the price target of Head and Shoulders pattern in
Daily timeframe here, Bitcoin will inevitably hit $29,000.
There is also a rising wedge pattern that is forming right now.
Rising wedge is a bearish pattern. The broken bottom...
Another Rising Wedge pattern.
IMO i think if it break out of the wedge i will short and have a tight stop loss. With the BEAR MARKET i think GMT can go down but no clue high low. Rather risk a small loss to be able to capture a bigger move than sit on the sideline.... happened to me on WAVES at its peak so lets just see how it plays out
NON FINANCIAL ADVICE -...
Please remember to factor in if the trade posted is a DayTrade (DT) or SwingTrade (ST). To eliminate any confusion, all of the Title's should include one or both DT / ST.
PLEASE REMEMBER TO NEVER FOMO IN!
I'm here to share my thoughts and also receive feedback so please leave a comment if you agree/ disagree/ or just wanted to talk about a different setup.
Thanks,
QoverQ
Please remember to factor in if the trade posted is a DayTrade (DT) or SwingTrade (ST). To eliminate any confusion, all of the Title's should include one or both DT / ST.
PLEASE REMEMBER TO NEVER FOMO IN!
I'm here to share my thoughts and also receive feedback so please leave a comment if you agree/ disagree/ or just wanted to talk about a different setup.
Thanks,
QoverQ
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Welcome to this USDT DOMINANCE update. USDT.D looks bearish here.
USDT Dominance is breaking down from the rising wedge-like structure. Looks like it is ready to fall from here.
As you know USDT Dominance is inversely proportional to the BTC. So if USDT.D falls so we can...
Since the Coronavirus Pandemic, IBOVESPA has been in a rising wedge pattern. There are key spots in the pattern. This ups the chances of IBOVESPA dumping, since the pattern has been there for so long, and it is still in action. We don’t know what will happen. The most probable thing is that it will dump. All we need to do is wait. BMFBOVESPA:IBOV
BINANCE:KNCUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$KNC has formed an ascending channel and it's currently moving into it,
On other hand, there was a formed rising wedge that got broken by recent candles.
This rejection has come with an...
The Australian Dollar may resume gains against the British Pound following weakness since early April.
GBP/AUD's bounce has been slowing, and now a breakout under a bearish Rising Wedge is in focus. Further downside confirmation could hint at downtrend resumption, placing the focus on the early-April low at 1.7175.
Beyond that sits the 2018 and October 2017...
BINANCE:BTCUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$BTC has formed a range here on current weekly's movement.
Also, there's a formed rising wedge that currently covers $BTC's movement.
Based on the data we have, If $BTC breaks below...
Hey everyone,
Here is my refreshed Daily view on BITCOIN.
More Controversial traders won´t agree with me as I guess majority of you is bearish because of RUSSIAN-UKRAINE situation, but chart looks bullish for me and that is what matters personally 4 me if I ignore emotions which are bad for trading proper technical analysis balanced and correct R:R trading...
