BTC – Bullish Continuation Ahead ?Bitcoin has been trading within a well-defined rising channel since mid-2023, respecting both upper and lower bounds beautifully.
After each impulsive move, we’ve seen healthy corrections followed by bullish continuations — a classic market structure in play.
🟦 Accumulation Zone: After a long accumulation phase, BTC kicked off a strong bullish cycle.
🟥 Correction Phases: Each major move was followed by a red correction zone before resuming the uptrend.
🟧 Current Phase: BTC is consolidating just below the upper channel boundary. A breakout above this zone could confirm the next bullish wave toward $140K+.
🔵 Key Observations:
Structure remains intact within the channel
Previous breakout zones now acting as support (blue arrows)
Continuation patterns are forming, signaling potential upside
🏹As long as the orange zone holds, BTC remains in a bullish structure, and a breakout would likely push us to new highs.
📍Will history repeat and BTC continue its journey toward the upper channel boundary? Let’s wait for confirmation!
💬 What’s your bias here? Are you bullish or waiting for a deeper pullback?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Wedge
BF UTILITIES LTD 'S KEY LEVEL || BREAKDOWN OR BREAKOUT ??These are two charts of BF Utilities – one on the daily timeframe and the other on the weekly timeframe.
In the first chart : BF Utilities is sustaining near its Law of Polarity (LOP), which is acting as a resistance zone around the 880–890 range.
In the second chart : BF Utilities is forming a Rising Wedge pattern, with the resistance also lying in the 870–880 zone.
If this level is sustain ,then we may see lower price in BF Utilities.If this level is broken, the stock may move towards the upper boundary of the channel.
Thank you !!
GOLD → Retest of consolidation resistance. Breakout?FX:XAUUSD is consolidating in a symmetrical triangle pattern. The price is stabilizing amid a falling dollar and uncertainty...
Gold is recovering after falling to $3,283 thanks to a weaker dollar and lower bond yields amid concerns over Trump's new tariff threats. The announced tariffs against seven countries, including Brazil and the Philippines, have heightened tensions, partially offsetting the Fed's hawkish signals. Markets are now awaiting new data from the US and speeches by Fed officials, which could influence the further dynamics of gold.
Technically, gold is squeezed between the resistance and support of a symmetrical triangle. The price is being aggressively pushed away from support within a bullish trend, but at the same time, gold is testing resistance for the fifth time, which only increases the chances of a breakout.
Resistance levels: 3330, 3345, 3358
Support levels: 3308, 3295
If gold continues to storm the local resistance at 3330 and the triangle resistance during consolidation, we will have a good chance of catching the breakout and growth. An additional scenario could be growth after a shake-up of the triangle support and the global trend.
Best regards, R. Linda!
WIF/USDT: A dog wif hat lost faith but may become Pehoenix soon WIF/USDT: A dog wif hat lost faith but may become Pehoenix soon
after a long lasting crash WIF started a decent move again
was heavyly rejected
in consolidation since then
building a "Falling Wedge"
the supposed breakout happend
but there is still way more to come
For this one I'm not going to explain everything in detail what me made find my BIAS, narrative etc.
But at least enough Information that should be "useful" or "work you must not do buy yourself then".
That could be the beginning of a race back to at least baseline or somehow below.
For now, the trade is only planed to TP 1. Also im already in.
I stepped in cuz:
- there are several FVGs on several timeframes. The price is likely to play them out and should than react that way. I followed them and we should be bullish now. One good argument is that the weekly bullish FVG keeps nicely respected, while the bearish monthly FVG is actually struggeling.
- very bullish Price Action on WIF
- the TP from the "Falling Wedge" alone would be 1.3943
So TP1 + 2 got really much conflunce. And 3 as well, tru pressure from the market. Maybe even higher, but im not that far yet.
I closed a WIF trade that evening, did the analysis after that, and just opened it again without trigger :D
But there are triggers and u should use them:
RB 1+2+3
Price Action
pullbacks into FVGs on 1h f.e.
"Hammer" candles with high Volumen
break of structure on a LTF
That was the second Idea i made here ever. So i'm happy you made it that far, thank you.
Also feel free to comment the trade/the writing style, question, whatever.
Sugartongue, and my hunger is still young. But I'll chase lights until the morning comes. And the world is flashing at the window.
Gold can reach resistance level, break it and continue to riseHello traders, I want share with you my opinion about Gold. Recently, price formed a clean upward wedge pattern and is showing strong bullish behaviour. After bouncing off the support level at 3275, the price entered the buyer zone (3255 - 3275) and reversed with a confident impulse up, signalling renewed interest from buyers. From there, price has consistently respected the support line, printing higher lows and slowly climbing back toward the resistance level at 3410. This level has acted as a significant rejection area before, but this time, the structure looks stronger. Each pull-back has been shallow, and buyers are stepping in faster. The momentum is slowly building. Now the price is trading just below resistance and moving with a bullish trajectory. I expect Gold to continue its climb, first reaching the Resistance Level, and then targeting the seller zone (3410 - 3430). That’s why I’ve set my TP at 3430 points - right inside this upper area where I anticipate profit-taking and potential reversal. Given the bullish pattern structure, the wedge formation, and the strength of recent impulses, I stay bullish and expect further growth in the coming sessions. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
GBPUSD set for a move lower?Table is set! The GBPUSD is in a rising wedge, with the test (today) of the 61.8% Fibonacci level once again and now ascending wedge support and horizontal support as well. A break of the 1.3530 would put the 1.3440 breakout point (high from Sept 2024) and a possible breakdown back below the 1.3370 level. Bulls should be cautious with this technical setup.
Bitcoin can rebound up from support line of upward wedgeHello traders, I want share with you my opinion about Bitcoin. In this chart, we can see how the price dropped from the 102800 support level, which coincided with the buyer zone, and later entered to wedge upward. In this pattern, price made an impulse up from the support line of the wedge pattern and broke the 102800 support level, after making a retest, and continued to move up. Bitcoin rose to the current support level, which coincided with a support area and even entered this area, but soon turned around and fell below. Next, price rose to this area again and then made a correction movement, after which it turned around and made an impulse up to the resistance line of the wedge, breaking the 108000 level. After this movement, the price bounced from this line and fell back to the current support level, where it some time traded in the support area. Later price rebounded and continued to move up. Now, I expect that BTC can correct to support line of the wedge and then rise to the resistance line of this pattern. That's why I set my TP at the 112600 points, which coincided with this line. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
MarketBreakdown | EURUSD, DOLLAR INDEX, BITCOIN, SILVER
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸
The price started a correctional movement after it updated
a high the first of July.
The market formed a bullish flag pattern.
Your next trend-following bullish signal will be a breakout and a daily
candle close above its resistance.
2️⃣ Dollar Index #DXY daily time frame 💵
The market corrects in a bearish flag pattern.
I see a test of a significant horizontal resistance cluster now.
Your signal to see will be a bearish violation of a support
of the flag and a daily candle close below.
3️⃣ #BITCOIN #BTCUSD daily time frame
Though the price managed to update the All-Time High
yesterday, the market did not manage to close above
a current major resistance.
I believe that we will see another attempt of the market to breakthrough.
Your bullish confirmation will be a daily candle close above the underlined resistance.
4️⃣ #SILVER #XAGUSD daily time frame 🪙
The price reached an important confluence demand zone
based on a rising trend line and a horizontal key structures support.
Probabilities will be high to see a bullish movement from that.
Do you agree with my market breakdown?
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD (XAUUSD): Important Decision Ahead
As I predicted, Gold went up from a trend line yesterday.
The price is now testing another trend line - a falling resistance
of a bullish flag pattern.
The next reliable bullish signal that you can look for is its
bullish breakout and a daily candle close above that.
A bullish move is going to follow then.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Is DOGE About to Explode or Collapse?Yello Paradisers! Are you ready for what could be DOGE’s most explosive move in weeks? DOGEUSDT is currently developing a very interesting bullish setup that deserves attention.
💎The pair has formed a falling wedge — a pattern that often precedes a breakout to the upside. This comes right after a confirmed bullish Change of Character (CHoCH), indicating that buyers are quietly stepping back in.
💎Even more important, we’ve seen a classic inducement grab, meaning early liquidity has been taken out, clearing the way for a potential real move. On top of that, there’s hidden bullish divergence on the RSI and clear bullish divergence on the MACD. This combination of signals significantly increases the probability of a bullish reversal from the current support zone.
💎If DOGE prints a convincing bullish candlestick pattern at these levels, it could offer a high-probability long opportunity with a strong risk-to-reward ratio. But be careful — if the price breaksdown and closes candle below this key support, the bullish scenario becomes invalid, and it’s better to wait for a more favorable structure to develop.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way you will make it far in your crypto trading journey. Be a PRO.
MyCryptoParadise
iFeel the success🌴
MeghaHorn or BowTie Pattern !!!Key Observations:
Pattern Formation:
A broadening wedge or megaphone pattern (also likened to a bow tie) is forming.
Price is oscillating between expanding trend lines.
Labeled waves: 1, 2, 3, 4, 5 within the pattern.
Critical Zones:
Buy Above: $2,815.98 (upper boundary of the wedge).
Sell Below: $2,258.03 (lower boundary of the wedge).
No Trading Zone: Between $2,258 – $2,815 (uncertainty/consolidation area).
Price Target:
If price breaks below, Target 1 is indicated around $1,800 or below (implied from structure).
Current Price:
Trading at $2,748.56, up +5.05%, within the “No Trading Zone”.
Summary:
The chart suggests waiting for a breakout or breakdown from the wedge pattern to determine the next move. A breakout above $2,815 could signal a buy opportunity, while a breakdown below $2,258 could trigger a sell with a potential target near $1,800.
Ask ChatGPT
GBPUSDPrice reached a major weekly resistance and started selling with the daily giving a strong bearish engulfing last week. H4 formed a double top and started creating lower highs. H1 has formed a third bearish wedge. Waiting for clear breakout to look for shorts. Watch out for fundamentals this week.
HINDUSTAN ZINC LTD at Best Support !!There are two charts of Hindustan Zinc — one on the 4-hour time frame, and the second on weekly time frame.
Chart 1 (4-Hour Timeframe):
The stock is moving in a Higher High, Higher Low (HH-HL) structure, indicating a bullish trend.
Support zone is observed near the 400–410 range.
Chart 2 (Weekly Timeframe):
On the weekly chart:
the stock is approaching a major support zone in the range of ₹375 – ₹390, which has historically held strong.
If this level is sustain then we may see higher prices in HINDZINC.
Thank You !!
Bitcoin Update – Bullish Falling Wedge in Play?BTC/USD is currently trading near $108.8K, compressing within a falling wedge formation — historically a bullish continuation pattern, especially after a strong uptrend.
Why the Bias Remains Bullish:
Bullish MA Cross: Short-term MAs (9/21) are aligned for upside momentum.
Falling Wedge: Price compressing with lower highs and lows, coiling for a breakout.
RSI Strength: RSI (purple) remains elevated, supporting continued upside pressure.
Fundamental Catalysts:
Trump delays trade war announcements, reducing global uncertainty.
FOMC meeting in late July: Trump pushes for rate cuts, potentially bullish for risk assets like BTC.
If BTC breaks out above the wedge resistance with convincing volume:
Retest likely at ~$110K
Targets : $115K → $120K+
DYDX Breakout from Falling Wedge | Targeting $1.60+# DYDX Breakout from Falling Wedge | Targeting $1.60+
📈 **DYDX/USDT Analysis – Daily Timeframe**
DYDX has just broken out of a falling wedge pattern – a classic bullish reversal formation – after holding a strong support zone around **$0.50**. This zone has acted as a reliable demand area for several months.
---
🔍 **Technical Highlights:**
- ✅ Falling wedge breakout confirmed with daily candle close above resistance
- 🟢 Strong support at $0.50–$0.52
- ⚠️ Horizontal resistance at $0.75 may act as a short-term barrier
- 🚀 Potential rally toward major resistance at **$1.60–$1.70** (target zone)
---
🎯 **Profit Targets:**
- First Target: **$0.75**
- Final Target: **$1.60 – $1.70**
❌ **Invalidation (Stop-loss idea):**
- If price breaks below $0.48 with volume, the bullish scenario may be invalidated.
---
📊 This setup is based on breakout structure and potential trend reversal. If volume confirms, this could be the beginning of a new mid-term uptrend.
💬 Let me know what you think about this setup! Would love to hear your feedback.
GBPUSD - Macro Trend Continues!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPUSD has been overall bullish trading within the rising channel marked in red. And it is currently retesting the lower bound of the channel.
Moreover, the green zone is a strong structure.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the lower red trendline and structure.
📚 As per my trading style:
As #GBPUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
ETHUSD SHAPING THE BEARISH WEDGE, READY TO DECLINE
Ethereum has been forming the bearish wedge since the June 23th. The asset goes precisely according to Elliot 5-waves formation and is currently starting the wave E, rebounding from the lower border of the chart pattern.
What a trader may do?
We may go aggressive and trade long right immedia CAPITALCOM:ETHUSD tely with a take profit slightly below the 2,700.00 resistance level
🔼 a market buy order at 2544.19 with
❌a stop loss at 2489.90 and
🤑a take profit at 2691.35,
risk-reward ratio is 1:2.71 (nice one!)
However, I prefer to stay conservative and wait till the price tests the 2,700.00 level and enter the position there with
🔽 a pending sell stop order at 2691.35 with
❌a stop loss at 2759.92 and
🤑a take profit at 2409.89
risk-reward ratio here will be 1:4.1 (even better!)
In mid-term, I still expect ETHUSD to trade within a 2,400.00-2,700.00 range. So after assets reaches the 2,400.00, could be reasonable to look for new long opportunities! But will see.
Wedge Watch: SPACE42 Poised for Liftoff from Falling Orbit?
➤ 📈 RECOMMENDATION: BUY (Speculative)
➤ 🔍 REASONING:
📉 Chart Pattern: This is a falling wedge — a classic bullish pattern often seen at the end of a downtrend.
🚀 Bullish Signal: A breakout above the upper wedge line 📈 typically signals the start of an **uptrend**.
📊 Volume: Look for increasing volume** on the breakout 🔊 — this confirms momentum.
📐 Trend Structure: The narrowing price range with higher lows = buyers are stepping in gradually 💪.
🛠️ Action Strategy:
🟢 Entry: Buy on breakout above the upper trendline.
🛡️ Stop-loss: Just below the recent swing low inside the wedge.
🎯 Target: Take the height of the wedge and project it upward from the breakout level.
XRP Pattern Repeats—Next Move to $2.34?The XRP/USDT 1-hour chart is showing a compelling setup that may mirror a previously bullish price pattern. The left side of the chart highlights Pattern 1, which played out after a period of sideways consolidation followed by a breakout, resulting in a strong upward move. Now, price action is repeating a similar structure with nearly identical conditions forming.
In Pattern 1, XRP consolidated in a tight range, flipped the trend indicator from red to blue (suggesting a momentum shift), and then surged higher. This same transition is occurring again in the current market phase. Price has reclaimed the trend baseline, which has turned blue, hinting at growing buyer strength.
The idea here is that XRP could be preparing for another impulsive move to the upside, identical to what happened before. The setup is visually marked with a trade box showing entry, stop-loss, and target levels.
Trade Idea Based on Current Pattern
• Entry: 2.2849
• Target: 2.3436
• Stop-loss: 2.2520
• Reward-to-Risk (R:R): ≈ 1.78
• Potential Gain: 2.57%
• Potential Loss: 1.44%
The structure favors a long position, as long as the price holds above the 2.25–2.26 support range. A break below this could invalidate the setup and trigger the stop-loss. If the breakout is confirmed with volume, XRP could move rapidly toward the 2.34 level and possibly beyond.
This kind of fractal behavior, where patterns repeat themselves in similar market conditions, is common in crypto. With the trend indicator already flipping bullish and price forming higher lows, the probability of continuation looks solid—especially for short-term traders.
As always, trade with proper risk management, and be cautious of volatility that can trigger stop-hunts in tightly ranged zones.
Bulls Could "Wedge" Their Way Into Higher Prices On EGOANDA:EURGBP has made some impressive moves up since the Low from May 29th and Price just fell short of the Highs of April 11th before falling into a very familiar Bullish Pattern, the Falling Wedge!
The Falling Wedge is typically a Bullish Pattern where we expect Price to give us a Bullish Break of the Falling Resistance and Successful Retest of the Break before Price heads Higher!
Wedge Patterns can play both Reversal and Continuation Patterns dependent upon the location they form and surrounding Major Support/Resistance or Highs/Lows. In this case, we will be looking for a Continuation with Price being in an Uptrend before pausing slightly for a Consolidation Phase to form the "Triangle" of the Pattern.
*It is important to note that both the Falling Resistance and Falling Support have only been tested twice where three tests of both Trendlines should point to a strong equilibrium from both Bears and Bulls, validating the legs of the Triangle and strengthening the Consolidation Bias. ( So we could see Price test the Falling Resistance one last time before falling down to the Falling Support for a 3rd test! )
Lastly, when it comes to a Wedge Pattern, we should suspect that once Price makes a 3rd Test of the Falling Support and Retraces to the 50% Fibonacci Level @ .85887, this will signal the End of the Consolidation Phase!
- And this will be the time to enter!
**Once the Pattern is Confirmed and Breakout is Validated, based on the "Flagpole" or Rally prior to Price falling into the Consolidation Phase we can anticipate Price to potentially rise to the most recent High on April 11th of .87374 and give the next Previous High on November 16th 2023 of .87657 a try!
Fundamentally, news is light this week for both currencies in the pair with GDP m/m releasing for GBP on Friday, July 11th with a Forecast of .1%, a .4% increase from June's -.3%
Also, CPI y/y for GBP will be released the following week on Wednesday, July 16th.