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Wedgebreakout

BTC Being Squeezed Into A Corner?Hey Folks, It's been a while since I published an idea, but I have not been away from Crypto at all. In fact, I've just been very busy behind the scenes, intensely studying the charts and watching the Crypto space, and the world in general. So let's get into it... Today, on my BTC/USDT daily chart, I noticed two trend lines which I drew (In red) - the one going all the way back to December of 2018, and the other to June 2019. What is now significant to me about these two lines, is that they not only culminate in a wedge formation sometime in early April 2020, but after the sharp fall of Bitcoin's price three days ago, the currency now seems to be looking to find some kind of footing and direction going forward. And what do you know, if what I'm observing plays out, the price action may be squeezed into a corner - perhaps very close to, or in the first half of April 2020. As the more experienced traders among you know, a scenario like this usually results in Bitcoin going into consolidation mode for a period of time. This, combined with the two intersecting trend lines, could sometimes force the price into a very narrow band going forward, before eventually erupting in either an upward, or downward direction. The million dollar question is, in which direction will Bitcoin eventually go? As always, these are my own ideas and not financial advice of any kind, I am merely sharing one of perhaps many possible outcomes. I would truly love to hear your opinions, your ideas - if you see something different than what I presented here, please leave a comment below. Let's help each other become better traders by sharing your ideas and opinions in the comments below
Long
by Jaco-Snyman
1
USDCHF - Further Retracement ExpectedHi Traders! The market is in a downtrend. The reason why we are buying is ( and that's of course against the trend ) , that the market has not much strenght to push the price lower. That's why we're looking for a retracement/buy opportunity. Because of the openig wedge and the resistance at 0.94000 this could be a good breakout trade. The target is the important key level of the 61.8% of the Fibonacci Retracement. The Fibonacci Retracement covers all of the downmovement. We recommend to trade the breakout of the resistance. Thanks and good luck :)!
Long
by swissmoneymakers
DENT / BTC Falling Wedge. Pivot points. Potential + 60-120%DENT / BTC Falling Wedge. I showed the zone for observation and the pivot point on the chart. The potential for working out the figure "Descending Wedge" + 60-120% Levels on the chart. Entrance is only on a wedge breakout or on a rollback after a breakthrough. Do not freeze money in coins! Time is money! Stop loss Under key support levels during your entry into the market. Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
by SpartaBTC
XRP INCEPTION!!Okay, this idea is a little crazy but XRP is in a much deeper game than the deep game I assumed we were in! It's a Massive Falling Wedge, within a Three Drives Pattern, within a smaller Falling Wedge, within a smaller Three Drives Pattern. Prepare for short liquidations to $0.35. Take my idea with a grain of salt. Good luck out there. Margin traders, you'll need it the most. If you like this idea, good for you! --> I've listed my previous posts supporting this idea. Follow me, i'm VincentX {Inserts_derogatory_female_canine_word}!
Long
by BlacksmithShinobi
CRSP LONG breakout potentialCRSP got some attention a few months ago with the Netflix series "Unnatural Selection" in which it melted up for a while before crashing down on profit taking As CRSP broke its minor downward trendline and came back down to a retest, a long position with a good reward to risk ratio can be entered with a tight stop. Factors leading to the decision: The recent downtrend has been broken after price recently bounced at a major support line The 20ma was broken, pulling in moving-average traders off the side-lines A recent low offers a perfect spot to put a logical technical stop Price is now finishing a retracement after bouncing off recent highs, so we can avoid that pain by entering now that the retracement seems to be flattenting out As always, respect a tight-stop. If it rips up, let it run and trail stops behind.
NASDAQ:CRSPLong
by ericsolan
USDCNH Bullish Wedge with Long SetupThe Bullish Falling Wedge in the USDCNH pair has broken upwards, but in the overbought Long Signal. Therefore, in order not to forget, I think the stop level should be kept a little wide. Coronavirus is among the conditions that adversely affect the currency. I hope this situation is taken in the name of control without further threatening the health of people. This analysis may be more risk-free under the following parameters: Risk/Reward Ratio : 1.32 Position Size < %1 Stop-Loss : 6.93151 Goal : 7.0551 Regards.
Long
by Noldo
1
Palladium : Remember, You only have One Bullet...Hello ! First of all , if you think this analysis is useful to you, press the LIKE button after read ) More importantly, let's get into comment sharing! Let's start. This is a one-try trade only. XPDUSD 1W Chart : Momentum seems to be slightly weakened, but the trend can be incredibly strong, misleading. Our Risk / Reward ratio is 1/3 COT Position Status : There are big reductions in positions here, but my opinion : Short should only be considered for a permanence below Fibonacci 0.618. And there is an incredibly forceful trend based on supply - demand. This will continue violently in all directions for a while. Parameters on Chart Presentation. NOTE : We definitely stop trading at these levels, including 2294 stop-loss. For those who are at the computer: There may be under 2294 closings. We definitely don't get stubborn under these places. Best regards.
OANDA:XPDUSDLong
by Noldo
2
GBPCAD : Long SetupHello Traders. First of all , if you think this analysis is useful to you, press the LIKE button after read ) Let's start : GBPCAD 1W Chart : GBPCAD appears to be under the influence of the negative signal but not closed yet. But we move around in areas that are relatively close to Minor Support. (1.70235) When we look at the data terminals, we see that GBP is advantageous in terms of both position change and price change compared to CAD in this period (Period : Autonomous LSTM Adaptive Period ) : However, the price changes are very small and this can feed us on manipulations. So we will keep our position size below the standard. (Position Size < %1) Suggested Parameters : Position Size : %0.33 Risk/Reward Ratio = 1/3 Stop-Loss : 1.71049 Goal : 1.74907 NOTE : In the case of a negative scenario, we have to try again on the Weekly Minor Support (1.70235) when this scenario is exceeded, so let's keep the position size in small amounts. Regards.
Long
by Noldo
1