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Rising Wedge

Bitcoin BTC - Acceleration very soon! + Elliott Wave This local correction should be over very soon, and we can continue higher in the uptrend! It's not an easy task to do an Elliott Wave analysis here, but this is how I see it. As per my Elliott Wave analysis, we are in the impulse wave 3 of the huge impulse wave 3. Currently, we are very close to the acceleration point, where we will see an increase in volatility. I am very bullish on Bitcoin and I would never short Bitcoin on the futures market at the current or even lower price! I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
82
ETH UPDATE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ETH update. ETH is forming a rising wedge structure in 6hr time frame which is generally a bearish pattern. ETH is hovering in $1650-$1750 zone from the last few days. If it breaks down this rising wedge structure then it will be bad for ETH and many Altcoins. Resistance for ETH is still same which is at $1730-$1790 level. Supports:- $1490/$1380/$1260/$1000 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
by CoreCrypto1
5
XAUUSD ( HIGH PROBABILITY SELL SETUP SOON)Gold was up $6 to $1771.9, the precious metal was above 20D MA (@ $1731) & below it 50D MA (@ $1796), Here we can see clearly the next move for Gold, while we can see clearly its trading within a Bearish Ascending Wedge, This is a bearish reversal signal & the lack of progress higher has confirmed a sentiment shift, A break of support @1772.00 should lead to a more aggressive move lower towards 1740.00, Although the anticipated move lower is corrective, it does offer ample risk/reward today, while the RSI Indicator its showing us the opposite of the actual price action on the charts, We look to SELL a break of $1771.66 And if we can see clearly the Divergence on the RSI Indicator, its a more of a confirmation of our analysis. Keep a close eye on Gold, world number 1 precious yellow metal, Happy PIP hunting traders.
FOREXCOM:XAUUSDShort
by FX-PIPHUNTER
6
Dollar index DXY - Prepare for a downtrend! + Full Elliott Wave On the daily chart we have 2 parallel channels that indicate 2 impulse Elliott Waves. As per my Elliott Wave analysis, this huge impulse wave has been completed and now we should go sideways or down! The first trendline is breaking out, and usually that means that other trendlines will break too. The first target is at wave 4 + 0.382 FIB + parallel channel retest. In my opinion, DXY has completed a significant uptrend and is now poised for consolidation (range). Look at my ideas about GOLD, EURUSD and Bitcoin in the related section down below. For more ideas, please hit "Like" and "Follow"!
TVC:DXY
by UnknownUnicorn2537518
44
Looking at the macro for ETH (Bearish ascending wedge) Looking at ETH on the Line-Chart set to weekly, we can see a familiar pattern similar to the BTC wedge I've posted previously: ETH has 3 choices at this current moment: - Unexpected wave of bullish momentum propels it to the upside breaking the upper TL sparking a parabolic rally - Slow depreciation in value to the lower support TL before rallying again - Major selloff sparking a breakdown & freefall Will update when direction has been decided. INDEX:ETHUSD COINBASE:ETHUSD BINANCE:ETHUSD BINANCE:ETHBTC COINBASE:ETHBTC INDEX:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSDT
INDEX:ETHUSD
by RandomOracle
5
Bitcoin BTC - Ready for another pump! Wedge + Elliott Wave This is my quick update on Bitcoin on the 4h chart (local price action). Price is still holding the major support zone (21 700 USDT - 22 000 USDT) and that's why my bias is still very bullish! We have an incomplete rising wedge, so there is a great chance for another wave to the upside. As per my Elliott wave analysis - we are basically in the middle of this "huge" Impulse wave! There are a lot of Elliott waves combinations, but i think this is most probable scenario. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" and "Follow"! My second alternative Elliott wave count. We have a leading first wave diagonal here.
Long
by UnknownUnicorn2537518
92
Gold XAU - New bull market just started! Elliott Wave + Channel Gold is currently sitting on a strong support level on the weekly chart! We have a great confluence here - an ascending parallel channel + 200 weekly moving average + bullish rectangle. 200 weekly MA is considered as a very strong support by huge institutions and hedge funds. ABC correction + Wave (4) have been completed, so we can start a new impulse wave from here! I think this will be the final impulse wave and then we can go back to retest the rectangle from the upside. You can place your profit target to the TOP of the parallel channel, but do not forget to switch to a LOG scale. Look at my ideas about Bitcoin and Ethereum in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
OANDA:XAUUSDLong
by UnknownUnicorn2537518
25
BEARISH ON SPY-currently forming a bearish rising wedge -lower highs in supply zone from 385-393 - ultimately bearish since FOMC is 7/26-7/27 and J. Powell was considering another 75 BPS hike -looking for a reject at 385 to then come down to retest 373 again -crossover of the 20/50 SMA at 10:30 July 14-15 on the 4HR chart IF SPY pushes above trailing resistance line from 393-383 then this bearish set up has failed I will only swing a put if we close at 383.70 or under Always trade your own plan ;) Sincerely Kai D3 Trades <3
AMEX:SPYShort
by Kailonid3
BTC: FORMING BEARISH PATTERN IN LTF! STAY CAUTIOUS!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is forming a rising wedge pattern in 1hr time frame which is generally a bearish pattern. Although, it is still inside the wedge but once it breaks below the wedge we can expect a drop up to $19k-$19.5k level. Invalidation level:- If any hourly candle close above $21,200 then this chart becomes invalidated. if you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Short
by CoreCrypto1
6