Just throwing this old chart up I actually made some successful trades to the down side post the 2021 Bull market top But that's not the point ... Imagine having a price methodology in your toolbox that could have let you simply walk away and move to the sidelines. And sit out that massive drawdown and the pain of witnessing your bags go down over...
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently, the price entered to rising channel, where it bounced from $65800 level and started to move up. Later BTC made correction to support line of channel and then made upward impulse to resistance line, breaking $71300 level. After this, it turned around...
GBP/AUD is presenting an intriguing short opportunity on the weekly chart as the pair inches towards a key resistance zone near the 1.95000 handle. The currency pair's recent uptrend is losing steam, with a clear resistance level forming, offering an advantageous entry point for a short position. Observing the convergence of the downward trend line and the...
On the above 5-day chart price action has corrected 95%. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Support confirms on past resistance (November 2019), look left. 3) The falling wedge allows us to forecast the cycle top as measured from the swing high to the swing low, 1700%. Is it possible price...
GOLD Bullish Falling Wedge Formed & Bullish Breakout Expected. Next target to see 2190-2200 in this week. Take Long position after successful bullish breakout of GOLD above the Trendline.
BINANCE:BTCUSDT.P As mentioned earlier, Bitcoin (BTC) has recently fallen below the $60k area price point. This marks a critical support zone, where bulls must maintain control to prevent further declines. The market is now in an expectant state, let's watch closely to determine whether BTC will stay within this critical range or face further downward movement
In this chart we have seen a series of HH & HL but in the rising wedge formation which means if it breaks the previous HL then it will rally a down trend. We also spotted a bearish Divergence which also support the short entry
SNPS - formed a wedge on low volume. I expect volume to come here next days. I will be watching for entry after 8EMA recapture.
On the above 5-day chart price action has corrected to a legacy support and resistance test point. It would be a mistake by market participants at this time to assume there is a continuation in the correction to lower lows. Why? 1) Look left. This support and resistance is more important than most. It is the support and resistance where market structure broke,...
1,2,3 flag for down movement ... is the main pattern forming a continuation pattern or it is ushering a reversal
We would love to see yellow strong buying continue to guide price out of our selling algos. First step is a breakout of strong selling purple and then we expect a fight to occur between strong yellow and more tapered blue. Soon enough if blue or yellow holds price (bullish buying continuation) we will see a retest of our teal selling algo and that will be our...
FLOKI is in strong bullish trend. As the market is consistently printing new HHs and HLs on higher TF. Currently the market is retracing a bit after last HH on daily and now forming bullish div on 1H, if this falling wedge will break then we will enter at breakout. If the market successfully sustain this bullish confluence the next leg high could go for new...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After breaking below $70,000 , BTC started the bearish correction phase. As long as the $70,000 resistance holds, we anticipate a movement towards the lower bound of the red wedge pattern. Moreover, the $60,000 - $62,000 range is a massive support zone. 🏹 Thus, the...
In case of bearish breakout of a rising wedge pattern base on technical analysis text book, we could expect more bearish move in price. Also we can see in the last bullish move price formed a bearish divergence. Also price managed to shift market structure to bearish in lower timeframe which add to the possibility of bearish move. If you've found this...
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price not long ago entered to wedge, where it first rebounded from the resistance line and quickly declined to the support line, breaking the 64900 level, which coincided with the buyer zone. After this, BTC bounced from the support line of the wedge and made a...
The US500 index has been rising within a rising wedge pattern since January 17th. However, this strong bullish trend has begun to show signs of losing momentum as overlapping waves develop. Overlapping waves are a key indicator of a potential reversal, signaling a loss of momentum. Additionally, the rising wedge pattern itself is a powerful reversal...
PVRINOX is around the long term support !! Long term support is working from 2008 and now around the support Long term support is around 1150-1240 In a weekly timeframe Stock is making falling channel Falling channel support is also coming around 1180-1240 We have confirmed these levels from 2 charts So Probability is higher that prices may bounce from...
GBPUSD Support Zone H1 . SL : 1.2684 TP1 : 1.277 TP2 : 1.281 TP3 : 1.285 TP4 : 1.289