I’m sure this chart looks like a mess to most of you but every line currently on the chart is part of a pattern that is currently in play. We can see the smaller double bottom pattern we have been above the neckline of for a few days has a breakout target of 47.7k which it appears we are currently heading to now. In doing so, price action has also hoisted itself...
Last week we looked at this same pair & I was waiting for a double top to form as price broke into a previous level of structure resistance from the daily/weekly timeframe (Brexit Zone). Well we never got our double top (which brings up another valuable lesson about why we have RULES for patterns & the importance of following them), but the general prediction...
One of the biggest gainers in the past month. 320% in 25 days.
Inside a rising wedge 5 waves should be followed by ABC. Daily RSI in overbought and in bearish divergence.
TP1: ~24.5$
TP2: ~21.4$
TP3: ~19$
SL: 35$
It could go higher and touch the upper resistance of the wedge. That will result in a 4H bearish divergence.
Very good risk reward ration.
We have this nice rising wedge on btc. We have one small fakeout with purpose to trap the bulls and confirmation of that is low volume.
I entered my short position at 44.5k because of the daily resistance and i am planing to add more money into the position, if we close 4 hourly back into the rising wadge.
This fakeouts most of the time means fest moves to the...
Chart Even t: Bearish Divergences on multiple timeframes. Rising wedge pattern on 65m and lower timeframes.
Confluence : Bearish Divergence on 65m timeframe. Hidden Bearish Divergence on daily timeframe. Rising Wedge pattern (bearish) on 65m and lower timeframes. MACD very wide. Volume decreasing. Death Cross moving average event occurred a few days ago. Price...
Gbp jpy , rising wedge and it can come back to the FlB 618 retracement.and as per the Weekly Chart it Slowly breaking a trendline and rising the Price.
As mentioned in my yesterday's analysis,(RSI bearish divergence), the successful breakout of the former high @ 43'492 triggered further upside move towards, as expected, a high so far above the 45'000 area, with an intraday high so far 45'137.
We can see on this DAILY chart to different patterns :
1) A BROAD TRIANGLE PATTERN (currently attempting to...
this chart show us too clear rising wedge.
this indicate price will go down.
i short 50k at 45k.
stop loss 45500(previous high prise in 4h chart).
ta 1 -> 40k (10%) (3k below parallel channel)
ta 2 -> 37k (20%) (6k below parallel channel)
if price above 45500, then i think price can go 48k.
I think it will probably be difficult.
USDCAD is about to collapse! Since 2021 May, the correction movement has been made. But rising wedge (bearish) pattern is about to end. Do not open a short position immediately wait for a breakout also even better with another small bearish pattern.
As we can see we held 40K which is a key level for BTC. We are formed a W pattern which is another sign of reversal. Our greates challenge to come is the bearish Daily Order Block hovering over in red. If we can take out this zone, we will almost certainly be on the up for the short term.
We need to break this rising wedge pattern and turn this large zone of...
The predicted market crash... Can it get any worse? well, yes!
•Short since $4731 (closed some of my shorts today)↘️🔻
written on: 19:16 Thursday, February 24th, 2022
Central European Time ( CET )
S&P 500 Index (and the entire market with it)
The TA:
We broke out of the rising wedge on the 18th of January. We retested the wedge as resistance on January 18th....
I am identifying the Rising Wedge Pattern here. The volume also seems to be going down. We could see LUNA's last attempt towards $100 and then the downtrend or correction may start once the Rising wedge breaks.
We have here pretty good looking continuation rising wedge pattern. Price has pushed down to EMA 20 and its going to test both VWAP and EMA 20 at the bottom of the wedge pattern, If it breaks and retests we have a pretty good looking short here.
Looking at $SPY - I've been trading this from the previous Double Top on 4HR. Here I see a reversal. $SPY Rising Wedge, Double Top
-not trading advice ;)
Here are the most important BTC levels for us to be watching IMO We are in a large area of resistance on the macro TF and I would really like to see BTC break up out of this rising wedge pattern and out of this large area of resistance.
If we decide to break to the upside my next targets would be 50k, 55k, and 59k, I will be watching closely because if for some...
