Rising Wedge
BTC short TradingplanHi @everone,
i Added on top of previous chart i would like to share some pattern wavecouts on top of it.
rule nr 1 : never short at a potential wave D ( this is often a huge trap) same for an falling wedge, its exact the opposite.
rule nr 2 : now how to count your waves, you want to spot a 5 wave structure with higher highs and higher lows with an apex wich is declining. the first wave needs to be inpulsive and may not made an lower low. This would inval your wave count for an wedge.
rule nr 3 : ONLY enter if you spotted an valid wave E with some bearish divergence on top of it!
Everyone nows what is an wedge..
But almost no one seems to knows how to really trade them.
Enjoy your new set of rules,
If u found this valueble please put your comment below, Thanks!
Goodluck,
Team Quantistic
BTC at a critical level! Can It break 18.2k?!Here's a quick look at the BTC 6 hr. chart. As we can see, the price has been printing a bigger rising channel, and if the price gets rejected from its current level, we may see a drop to the bottom of the rising channel! If the price breaks above the channel and thereby 18.2k, the price will probably retest the 18.8k level!
A rising channel has a 30% chance of breaking higher, and a 70% chance of breaking lower!
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Possible route for Gold H2 Hello traders this is my new analysis about possible route for Gold , if the news of PPI will have a positive result for USD it would cause to downtrend for Gold and about technical analysis there is a Rising wedge here that may show us the possibility of downfall for Gold .
Rising Wedge pattern on btcusdt updatedchart updated and you can see detailed on it.90% of the time it will be like this.
BTCUSDT is testing the 0.618 Fibonacci level inside a wedge
The price is testing a crucial level on the daily and 4h timeframe inside a rising wedge
How to approach it?
IF the price is going to have a breakout from the rising wedge and support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
NFLX- Ascending Wedge Pattern Setting up Bearish SHORTNFLX has been in an uptrend and quite bullish and relatively strong
on the 2H chart an ascending wedge pattern is seen.
Moving Averages confirm the present trend as bullish with no crossovers
and the price above all of them.
Given the ascending wedge I will take a small position now at the trendline
resistance as a swing short. I will add to it if/when price breaksdown
below the green trendline support and the fast moving average crosses
the intermediate moving average as well as a line crossover on the MACD
or bearish divergence on a RSI indicator.
QQQ Rising Wedge Pattern SHORT SetupQQQ is in a rising wedge pattern on the 15 minute chart and so is
predicting a breakdown to the downside below the support trendline.
The Connor RSI shows the relative strength about to cross below the
running average. Volatility is decreased in a consolidation awaiting
a breakout from the squeeze. All in all, QQQ is looking to be
setup to short in this upcoming week with federal news on the calendar.
BTC: Ascending Wedge w/ Liquidity TrapHere is the second part of my "There will be blood" chart (check it out below), which accurately forecasted the next redistribution event for BTC. It's becoming a familiar occurrence: an unmistakable ascending wedge pattern emerging with dominant supply expansion in the pullbacks presupposes more downward action to come, but perhaps not before a quick liquidity grab to the north. Since July there have been a myriad of rising wedge redistributive ranges in the PA. This appears to be yet another.
** If you have strong hands, patience, and like big wins, be sure to SUBSCRIBE to this channel. Here's why: I track all USD-paired cryptocurrencies on all the major CEXs and seek out the most lucrative swing trades and runners. All my charts are clean, straightforward, and easy-to-follow with exceptional win rates ranging between 80-85%. Check my chart history and see for yourself. My TA is based on a combo of Volume Spread Analysis, Wyckoff, EW theory & Fibonacci ratios. Stop getting smashed and start winning in crypto. My charts will teach you how.
*Not financial advice. DYOR and trade at your own risk.
ALGORAND Rising WedgeGot news for you: ALGORAND's not the only altcoin trending in a RW pattern. There are many others. Upper shadows are long and deep above microtrend resistance, volume is relatively low on the upthrusts. Blood is in the forecast, but perhaps not before another bull trap rally. Don't get fooled by the FOMO. Stay safe!
Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with exceptionally high win ratios (80-85% average). I've been a fulltime crypto trader/investor since 2017, and I handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons.
Not financial advice. Always DYOR & trade at your own risk.
BTC is gonna Decrease to 16000$BTC IS in a Rising Wedge Pattern. This means the Price is Gonna Become Bearish Soon.No break out has accrued yet, but It's gonna be a Bearish one. The Price will fall to 16000$ in best Scenario and It is possible to Decrease to the Bottom of The Pattern as well.
Why I opened BTC short when price rejected at 17.4K. Hi everyone, in this analysis I will explain why I opened short position when BTC was rejected at 17.4K level which was upper band of rising wedge/diagonal resistance and 4h 200 EMA. Before that I noticed ABCD pattern which started forming at 15.5K swing low in 22 November/ A point/ and finished at 17256 in 01 December/ D point/. BTC rejected at the mentioned zone with liquidity hunt above D point then strong rejection with bearish engulfing candle=RSI bearish divergence + momentum losing+ rising wedge pattern breakdown. My first target will be at 0.618 fib level /16.5K/ which is horizontal+ diagonal support at the same time. If price can't hold 16.5K C point will be my 2d target for ABCD pattern and 100% projection of CD wave. I don't expect BTC to go lower. If you pay attention to the volume bars, there is no buying pressure. Let's see how BTC reacts at 16.5K support level. Don't forget to put always stop losses.
If you like my ideas and analyses, don't forget to follow me please. I will appreciate any single follow. Thanks in advance.
Don't forget to check my other analyses bellow related ideas.
XAUUSDOANDA:XAUUSD
D1 Timeframe shows a broadening descending wedge chart.
This could be a lucrative trend to the Upside.
However on the W1 TimeFrame there is a formed rising wedge.
Which means........BUYERS will Sell this current high price.
It is seems to be the year end SALE.
ETH - The most bearish pattern is confirmed!
This is a very bearish 3-wave corrective pattern (WXY) double ZigZag. This pattern is now confirmed, and ETH could drop significantly!
It's not looking good for ETH at all. The bear market is strong, and ETH can potentially reach levels below 1000 USD.
The most important yellow trendline has been destroyed by the bulls, and the bears are back in full force!
I recommend longing ETH at the 0.618 FIB for quick gains. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
The ECB (European Central Bank) recently warned us about a massive crypto crash; this could be true.
1235 USD is a key level, and the bulls weren't able to sustain it! This level was important because it was the peak of the first wave (W). The possibility of an impulse wave has been invalidated for good.
I hope you guys are doing great and take care!
You must look at my ideas about Bitcoin, Gold, EURUSD, and Oil in the related section down below.
For more ideas, hit "Like" and "Follow", right now!
GOLD - Wall Street doesn't want you to know! Huge dump.
GOLD is currently very close to an extremely strong level, which is the previous swing high from August 2022!
The market will probably want liquidity above this swing high. I expect price to break this level and touch the top of the parallel ascending channel.
As per my Elliott Wave analysis, a classic impulse wave is almost done. This is a simple pattern that may work in confluence with other indicators.
What do you think about gold? Let me know in the comment section, because I look forward to your opinions!
I recommend you short gold once we break the previous swing high or once we touch the top of the channel again. Of course, you can set a limit order or wait for some reversal pattern at the critical point on lower timeframes.
I hope this analysis will help you with your trading decisions! Keep in mind that this is not a trade setup. There is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
Where should you place your profit target? You can use my level, which is the breakout point of the previous trendline (1681.94). You can also long gold here in the future once the price reaches this important point.
Wall Street doesn't want you to know that 99.9% of gold is paper gold in the form of contracts. You may say that the physical supply of gold is limited, which can be true. But they can "print" an infinite amount of paper gold backed by fiat.
For more ideas, hit "Like" and "Follow"!
GOLD: BIG PICTURE & LONG TERM ANALYSISLet's look at the weekly chart for GOLD. For that it's important to analyse all technical aspects and keep an open mind.
Long term investors will see 2 major patterns here:
1. a major kind of rising wedge (red lines): price is evolving between the 2 red lines since 2008, forming a rising wedge when you connect the highs and lows. What does it mean from a technical point of view?
Although the price is in an up-trend, a rising wedge is generally a bearish signal as it indicates a possible reversal during this up-trend. Rising wedges indicate the likelihood of falling prices after a breakout through the lower trend line.
As every technical pattern, it does not mean it will materialise, but at least it gives you clear levels of supports and resistances. Even if this bearish pattern materialises, the wedge can extend until 2030, so Gold can rise way more before falling.
2. a massive cup and handle: A cup and handle price pattern is a technical indicator that resembles a cup with a handle.
As you can see on the chart, the cup formed from 2011 to 2020, while the handle has been forming since 2020 until now.
A cup and handle is considered a bullish signal extending an uptrend.
After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward. This is exactly what we are seeing now (blue dotted lines). The blue dotted lines are giving you short term supports and resistances levels. Use these to trade GOLD on a shorter time frame.
The handle represents the final pullback before the big breakout and can retrace up to 1/3 of the cup's advance. Sometimes it can retrace up to 1/2 but not more. I have added the Fibonacci retracements on the chart, Gold has retraced 0.382, which is ideal for a bounce.
The target of a cup and handle is the height of the cup added to the breakout point (the neckline) of the handle. The neckline is the upper red line of the rising wedge. If we project the height of the cup we get a target zone between $3400 and $3500.
We could see Gold consolidating a bit more within the blue dotted line channel. As long as we do not fall below the max retracement zone and lower red line, the formation is bullish long term. A break upwards of the blue dotted line channel would trigger a long trade to the red line. A break of the upper red line would confirm the cup and handle pattern. A break of the lower red line won't be good at all for bulls.
Note that the above analysis is purely based on technicals and do not take into consideration fundamentals.
Gold back at it with a rising wedge flag Hello traders!
Gold has formed a nice rising wedge pattern after rejecting the light resistance around 1758.00. The pattern has been broken and looks good for intraday trade. It could possibly retest the trendline around 1758. If you are willing to discuss am open to hear your thougt in the comment section.
GBPCAD - Potential bearish move?GBPCAD approached a daily resistance level (1.61805) correctively which created a rising wedge pattern indicating a potential reversal to the downside. There is a breakout of the wedge pattern and expecting price to push lower to the support trend line at 1.59400
Have You Seen TJX Companies Shooting Star? TJX ended the day with a shooting star on the daily in confluence with a rising wedge pattern.
Bias-short
I plan to short TJX after a break below the head of the shooting star and the 1H trendline (for a safe entry). I will more than likely enter a small swing position to catch the move.
Short float % is 0.95% as of 15 November 2022. Please be mindful that the short float % will update on the 1st of December.
*This is not financial advice.
Willing & Able,
MrALtrades00
GOING LONG IN USDCHFI am taking a long position in USDCHF due to it recently forming a rising wedge pattern now the market is sideways and it nearly retests its support level
By taking a 1:1 risk and reward I have opened a long position as well as it is forming three white soldiers which means bulls are more active than bears
So let's see what happens next
GOLEM NETWORK Rising WedgeGot news for you: GOLEM NETWORK's not the only token trending in a RW pattern. There are many others. Upper shadows are long and deep above microtrend resistance, volume is relatively low on the upthrusts. Blood is in the forecast, but perhaps not before another bull trap rally. Don't get fooled by the FOMO. Stay safe!
Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with exceptionally high win ratios (80-85% average). I've been a fulltime crypto trader/investor since 2017, and I handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons.
Not financial advice. Always DYOR & trade at your own risk.
AERGO Rising WedgeGot news for you: AERGO's not the only token trending in a RW pattern. There are many others. Upper shadows are long and deep above microtrend resistance, volume is relatively low on the upthrusts. Blood is on the forecast, but perhaps not before another bull trap rally. Don't get fooled by the FOMO. Stay safe!
Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with exceptionally high win ratios (80-85% average). I'm a fulltime crypto trader/investor and I handpick all the runners myself after conducting a series of volume-to-spread reads and Wyckoff schematic comparisons.
Not financial advice. Always DYOR & trade at your own risk.
Bitcoin - 1 million USD (You have never seen this before)
You see this ascending parallel channel for the first time! The channel is projected from the start of the bull market in 2018 to the end of the bull market in 2021.
The road to 1 million will be full of traps, liquidations, scams, and frauds. But if you are ready for a roller coaster, you can hold your bitcoins in cold wallets such as Trezor, where they will be frozen to death.
This is a projection because, of course, no one can predict the halving dates. I want to show you how Bitcoin can behave on the road to 1 million USD.
This parallel channel should be sustainable over time; there is not too much pressure, and we can reach 1 million in 2037. But for now, we are in 2022, and the current price is 16,500 USD.
As you can clearly see, Bitcoin could reach 6,500 USD next year to touch the bottom of the parallel channel. I don't see any problem with that.
Who will get rekt after FTX? Let me know in the comment section right now!
Bitcoin is extremely volatile and dangerous asset, they said. If you bought the peak, then yes, it's dangerous.
Thanks for your attention!
