Hello everyone,
This is not financial advice, but based on the chart from around 10 days to now I see a rising wedge forming on the 4h chart. If this plays out, BTC should find support somewhere between $47K and $50K, depending on how high it goes before the breakout. I am very bullish on BTC and think a small correction would be perfectly normal since the price...
currently a rising wedge can be seen in a 4hr chart, the resistances are coming in around 50450 to 50790, if breaks the resistance line then the technical price will be coming in around 55400 and the supports are coming at the range of 49125 to 49650, if breaks down the support line then the technical price will be coming in around 44500.
Previous analysis's
October 1 -
Sept 21 - pre-warning of the rising wedge
Hello Traders and Analysts,
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged short, due to purchasing further increments upon...
Hello traders,
I'm going to stop using leverage all together maxing out at 2x.
I'll keep 90% of my portfolio in cold storage (USDT) & trade with only 10% on my margin account. (cross 2x)
New rule: I'm only aloud to take a position once there's clear deviation, either at the lows or highs.
Don't use leverage at home kids.
👍
- On the chart, we can spot a bullish flag, which is currently breaking out!
- Also, the price is above the key trednline (wedge).
- Profit target is 0.618 FIB
- RSI is ready for a breakout!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want...
BYBIT:AVAXUSDT
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A rising wedge is building since 9/12
Although lots people told rising wedge is bearish flag, I think we could catch chance if made good use of it.
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Apparently, the bottom of this wedge shows strong support before
Also, price gained support gradually on Fib(0.382) and Fib(0.5), can note there are two lower shadow on Fib(0.5)
Therefore, We...
ETH versus BTC is continuing to trend in a downtrend channel after breaking down from rising wedge.
Red area is a demand zone, and I expect a pullback there before breaking up from the channel.
We have a Rising Wedge and Bearish Divergence on the MACD after rejecting the PCZ of a Potential Bearish 5-0; I will be looking for a big correction from here.
• Price has broken out of a bigger channel so there’s a 90% chance of it going to the bottom of structure
• Downward trend with a pullback correction so there’s a high chance of a continuation to the downside
• Price has formed a rising wedge which is a reversal pattern and is currently at the top of structure
• Price is at an area of daily resistance which...
BTC has just broken down from a rising wedge, signaling that we will likely have one more dump until we start trending up again. My support level is 38300, which is the 0.618 on teh daily time frame and also previous support.
We hit my IH&S pattern but could not break up from the rising wedge. Instead we have broken down, I think we are heading to that weekly 50 ema at 13,500
• Broke out of a big channel – 90% chance of going to the bottom
• Downward trend creating a lower high
• Came back to retest the channel’s support
• Created a rising wedge which is now broken
