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Rising Wedge

Potential LTF BTC trade (Falling Wedge)BTC is coming out of a falling wedge of which’s target has been met. During this, the price action created a falling wedge which could take us higher until we reach the HTF resistance line in yellow which has continuously pushed price back down. I think upon touching this yellow resistance line we will fall down to around the 13k level as there is major support there, please check out my other chart for BTC where I detail this. (BTC Price Prediction - TA)
Long
by CripToeMonke
ETHEREUM PERSONAL ANALYSIS IN THE VERY SHORT TERM (LANDSLIDE!)Total evaluation for the ETH asset is completely bearish. I repeat, bearish. Its quite obvious where we are going at this point. I don't see any particular bounce until we hit the previous support which is around 1500$ and even then depending on the current situation for Jack Powell's speech, we might see a more bearish approach. Lets tune in together at this very important day because there is a huge chance whatever happens today will reverberate all throughout our low volume weekends which is hugely prone for manipulation pumps either way. ----- Like the chart? Save it! Bookmark it, boost it, comment on it you go for it -- its completely free and yours!
BINANCE:ETHUSDShort
by Wamses
ETH PERSONAL ANALYSIS IN THE SHORT TERM (CONFIRMED!!!)The total current evaluation for Ethereum is a massive bear. Yes, you are reading that right, it is a complete breakdown of a confirmed rising wedge on the daily and you know what that means? This means that the price will now go back to where it originally started. Please be mindful of longing anything right now as we do not have any confirmations on any sentiment or fundamental or economical news to support a bullish reversal. The NASDAQ and the SP500 are on its way down, you can check it on my profile. You are in a bear market after all, shorting is the best move as is longing in a bull market! --------- Do you like the chart? Do not forget to boost, comment, or share this to your friends. Bookmark it, save it, its completely free!
COINBASE:ETHUSDShort
by Wamses
CAD/JPY - 1H - Rising WedgeCAD/JPY is in a bullish trend, making HHs and HLs and forming a Rising Wedge . The price action is currently making a pullback into the rising support which has a confluence of slow MA dynamic support. The Bullish Bias is based on the following signals: Bullish trend (price making HHs and HLs) GMMA: fast MA above slow MA with separation Slow MA acting as dynamic support RSI above 50 and not too near overbought levels OBV convergence with price (uptrend has conviction) Expecting bulls to be in control above the rising support. Go short if the wedge breaks downside. Like & Follow for more such ideas.
Long
by yo_zubair
GOLD - New bull market has started! | All-time high next year Gold has bounced successfully from the strong support level on the weekly chart. As per my Elliott Wave analysis, an ABC correction (FLAT) + Wave (4) have been completed, so we can start a brand new impulsive wave! On the weekly chart, we can spot a beautiful rectangle consolidation, which is a strong continuation pattern. The price is above the 200 moving average. The 200 weekly MA is considered a very strong support area by huge institutions and hedge funds. I think this will be the final impulsive wave and then we can go back to retest the rectangle from the upside. You can place your profit target at the top of the parallel channel , but do not forget to switch to the LOG scale. For more analysis, please hit "Like" and "Follow"!
OANDA:XAUUSDLong
by UnknownUnicorn2537518
32
SP500 INDEX PERSONAL ANALYSIS IN THE LONG TERM (DUMP)The overall evaluation on the SP500 index has been in a monthly bearish trend that has always confirmed itself via a monthly resistance trendline rejection ever since the apex turning point of this index from January 2022. Please be cautious on your risk management as always. The projected lines of direction (white) are not random skittles, but was produced by my experience of years of trading on how market moves work to build proper market structure. Yes, it is possible that we may even dump further than expected or pump tremendously due to some peculiar and consistent positive catalysts however this serves as a "guideline" on what to expect for the months to come. The SP500 is very similar to the NASDAQ structure and as well as in crypto. We may not see any potential major consolidation ranges until we hit the 2020 support lines. ------------------ You like the chart? Its free! Don't forget to like, share and comment! Bookmark it, save it so that you may add it as additional reference for your future trades. Thank you! (If you got any spam notifications by me reposting this a lot, its because the image view or zoom is not available in tradingview upon application. You shouldn't have to adjust it yourself, just read for your convenience!)
VANTAGE:SP500Short
by Wamses
1
Bitcoin - Last valid bullish EW count was invalidated, what now? I studied this market structure for several hours, and my conclusion is that there is no valid Elliott Wave bullish count. Simply, a valid Elliott Wave count does not exist. Is this a problem?  From the Elliott Wave perspective, there are 2 possible options: 1) If we want to stay bullish, we have to accept the fact that a third impulsive wave can sometimes be a diagonal, not only an impulse. which I think could be true.  2) This was a huge WXYXZ corrective structure and we must go below 17622 USDT to confirm this count, make a new low, kindly by a wick, and then we can start a brand new uptrend or continue lower to 13-15k.  Which one of these options do you see? Let me know in the comment section what you think about it!  This technical analysis shows an impulsive wave with a non-standard diagonal third wave. We still have a total of 9 waves, which indicates a bullish movement as per the simple rule that 5, 9, 13, 17,... waves are generally impulsive structures.  Market structures are not perfect. Sometimes you can see a weird triangle or a weird wedge, as well as a weird impulsive wave. I don't trade Bitcoin, because my strategy and system is a strict pattern that occurs only sometimes in the market. That's why I watch 1000+ altcoins and pick only the most promising ones as per my strategy. But I do have Bitcoin for the longterm hodl.  For more ideas, please hit "Like" and "Follow"!
by UnknownUnicorn2537518
75
Not nowHi everyone, I mentioned last time that liquidity would be taken after showing 3 bars with rejection on a failed support. We are on a resistance that just turned out to be a support. Although, I think that we are going to fail it since we broke the trendline that used to form a rising wedge (a bearish pattern). So, we are going to reach the 6.5 level on DOTUSDT. Instead of shorting the market, I would usually trade the leveraged of this asset. (small secret) Another possible scenario that might happen, but is less likely, is that the price might bounce since it is facing a double confluence level, where it is meeting the 200 EMA and the strong support that we just talked about. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Short
by yassin_khanji
BTC: BREAKS DOWN! LOOKS BAD HERE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. In my previous BTC update, I told you that BTC is at resistance and if it breaks the resistance then we see $30 soon but BTC is unable to break the resistance and got rejected badly. Now, BTC is not looking good in the daily time frame. It breaks down from the rising wedge-like structure in the daily time frame. RSI is also breaking its uptrend. The last two times when this happened we have seen a 30-35% drop in the price of BTC. BTC needs a daily close above $25k to invalidate this scenario else is ready for more drops. What do you guys think about this? Do you think that we again see a 30-35% downside move or do you think that this is a fakeout? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
11