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Rising Wedge

PERP USDT: 8Hr timeframe, end of correction?8hr timeframe had an amazing run-up of 500% + since the start of Jul... In rising wedge since the start of Aug. Now pulled back almost exactly to the measured move of break down from this wedge, and that is also the big support level which was tested multiple times in the first half of Aug... If that support is lost, we could see a massive selloff, but also if it holds and BTC doesn't crash over our heads, we have a good chance to see some nice upside movement... We could expect a golden cross on MACD and already got one on SRSI, RSI looks ok, but on a shorter timeframe it's already high, and maybe one more retest of that support level is possible before attempting break of this next resistance level...
by PhilosophersStone
Bitcoin Three Day Directional Index just got bearishFresh off the presses from the 3 day close. The current top and the top of early 2021 have a lot of similarities. Key for this idea are the bearish rising wedges which are confirmed by falling volume as the pattern continues. If this is going to keep going with the similarities we are going to see the red volume really begin to pick up now that the DI+ has crossed under the DI-. There is always a chance that this DI cross will not be maintained but that remains to be seen. I have not shown the ADX because with price in a consolidation/reverersl pattern the ADX is low. I am looking to use this DI+/- cross in conjunction with the chart pattern and volume to predict an increase in the ADX. Linked ideas show broader bearishness in crypto.
Short
by This_Guhy
5
REEF/USDT Update: Another opportunity to buy cheap REEF. Intro: - Reef Finance tries to become one of the most used blockchains for DeFi. It's fast, scalable and has a low transaction costs. Reef Finance is build with Polkadot Substrate and comes with on-chain governance. - The DeFi sector did have a hard time during midyear but finally recovers and with it also REEF. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states you opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - As the whole market also REEF did see a 30% pullback. This lead to a downwards breakout of the tracked rising channel. However it looks like we will be back in during the start of the upcoming week and continue to climb up. - The overall volume keeps increasing slightly which is bullish. - The 0.5 Fib level did hold and wee did get a nice bounce. - Wee see that the 50MA came to help as support and did act well as such. (The following description is taken from last discussion.) - On the RSI side we got a rejection from the 80 line and are within a very shortterm downtrend most likely towards the 50 line where we expect support. - We see a golden cross indicated by the yellow camera and a deathcross indicated by the cyan camera. - The golden cross between the 20 and 50 MA can be seen as sign for a trend reversal while also most other signals tell us the same like price and volume . - Currently we sit above the new support around 0.22 Expectations: - We expect REEF to break back into the rising wedge and explode once we crack the 0.03$ resistance line. - Assuming the trend reversal keeps in play and we get some kind of mirror image we expect REEF to touch 0.5 again before the end of 2021. - Often times price consolidates above a support line which has been passed shortly before we see a bigger pump as separation from the support line. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
RLong
by tumbler55
2
Choppy weekend PA (BTC) takes 2x less liquidity to move marketHello traders, Looks like we may been in for a boring weekend ahead ranging with some possible stop hunts or wicks but as of now we haven't really moved at all. Sometimes over weekends PA remains calm because of future's CME closing on Friday and Opening a few days later Sunday/Monday. So to avoid filling a gap price remains in the same zone it closed at, sometimes it can dump or pump had then come back to the same zone before the close, but in some cases it will leave the zone and that's what causes Future's CME gaps to be printed and sometimes they go unfilled for a long time if the price starts trending in the opposite direction. We have gaps at $9650, $20,000, $22,000-$24,000, and another in the $30,000's. The $48,000 CME gap has been filled. Interesting weekend ahead, thought I'd share this TA with possible rising wedge. It's the weekend though so I'm not expecting anything to really happen. Please like/comment to show your support to my page, thank you. 👍
BYBIT:BTCUSD.PShort
by YurloTrades
14
Repsol S.A. (REP.mc) bearish scenario: We can found a technical figure Rising Wedge in Spanish company Repsol S.A. (REP.mc) on a daily chart. Repsol S.A.s a Spanish energy and petrochemical company based in Madrid. It is engaged in worldwide upstream and downstream activities. In the 2020 Forbes Global 2000, Repsol was ranked as the 645th-largest public company in the world. It has more than 24,000 employees worldwide. It is vertically integrated and operates in all areas of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation, and trading. The Rising Wedge has broken through the support line on 09/09/2021. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 12 days towards 9.128 EUR. According to the experts, your stop loss should be around 9.976 EUR if you enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BME:REPShort
by legacyFXofficial
Tesla's Stocks can Decrease to 628$Hi every one TESLA INC Tesla Stocks has formed a Rising wedge pattern! This Bearish Pattern might be able to Decrease The Price soon! no break out has happened yet so there are no confirmations but there is a Regular Bearish Divergence (-RD) on MACD which means the chance of a Bearish Movement is Pretty high! If the bearish Movement happens, the Price can Decrease to the bottom of the wedge pattern which is also a Strong support level around 628$! summery: -Tesla stocks are in a Rising wedge! -(-RD) on MACD -no break out , no confirmation! -This Bearish Pattern can Decrease the price to 628$ 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
NASDAQ:TSLAShort
by CobraVanguard
19
If the weekly 21ema can hold support we should break bullishlyJust need the weekly 21 ema to continue to hold support here and we can break bullishly up from this rising bull pennant here..if the weekly 21 ema continues at the current trajectory then the breakout point should be somewhere near where i posted the yellow dotted breakout target line....this should help lift us to 111k. Of course there is a chance that instead we would break the support of the 21 weekly ema...in which case we could break down..if this were the case and we flipped the 21 weekly ema to solidified support it's pretty much a given we would probably be entering at least a 3 month mini bear market before being able to climb back above it again. Currently however probability favors the 21 weekly ema to hold support as we can see the weekly stoch rsi has plenty of room to move up. We must still be cautious however considering the flag of this bull pennant is also a rising wedge which has a natural proclivity to break down....although during a parabolic bull run they tend to break upward far more often so this could easily be another rising wedge that breaks up if we are only halfway through this bull market. As always I will await a confirmed breakout either way
COINBASE:BTCUSD
by DrDovetail
DANGER WEEK AHEAD FOR THE DJI & MARKETSThe next 2 weeks in the market will likely be a roller coaster ride of volatility and emotion for inexperienced traders/investors alike. I see red flags everywhere in the markets. Lots of bearish divergences, rounded tops, complacency, bullish sentiment. New high after new high in the traditional markets, with cryptos also on a nice rally. I've been keeping watch on this DJI chart since July of 2020 and think now is the time to share it. As you can clearly see price action has been in a massive rising wedge. Price fell out of that wedge back on June, 11th of this year. Since then we have made new highs albeit very small and still below the wedge. Currently it seems to be in a smaller time frame ascending wedge. I want to bring your attention to the convergence of all 3 of these trend lines. The first 2 being both rising wedge lines and the third is the top of the local ascending wedge. Interestingly enough they all meet on Friday, September 10th; the last trading day before the 20th 9/11 anniversary. I can see a meltup on the DOW this upcoming week to 37,850 or so before a nasty rejection kiss off these three lines. Then a crisis (catalyst) happens this weekend and when trading resumes on Monday, September 13th complete carnage ensues. I'll leave it up to you to figure out what that might be, but the significance of the date along with what is going on in Afghanistan should give some clues. Fundamentals are liquidity via unemployment stimulus drying up, housing eviction moratorium coming to a halt, labor and supply shortages. Just this week Toyota announced they were slashing global production by a whopping 40%! I want to close this post by saying that I hope nothing bad happens to our country and the world this month. The last 18 months have been stressful enough. Unfortunately the charts are screaming otherwise. I'll follow up with a closeup of this chart and also some supporting documentation.
TVC:DJIShort
by CryptoDude79
4