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Broadening Wedge

#xbtusd #bitcoin $btc - #bumpnrun #broadeningwedge 3DThis is a wild ride. Bitcoin has almost touched $11k and the next obvious Target is around $11.5k where a local high from 2018 and R2 monthly meet and greet. Looking at this I´d like to update on of my charts that you find attached. If this ride goes on it would not be surprising, that at one point we will head to the Leadline and produce a Bump´nRun. When this is and how low we will go solely depends on how high we will rise in the first place. Also the bearish broadening wedge is still intact. Always set stops. Dyor. No financial advice. ____________________________________________________________________________________________ BitMEX Ref-Link for 10% Fee Discount the first 6 months: www.bitmex.com
BITMEX:BTCUSD.P
by Gl4diator
Bitcoin - Possible Failure of Head and Shoulder TopI did not realize that the right shoulder no longer had the qualities of distribution, which is volatility ; instead, it seemed much more stable which is a hint of accumulation occurring once more. It is highly probable that this pattern fails, however, there is supply at low 9000 levels. There might be some front selling to push the price down, but it looks like there will be a push to invalidate the head and shoulders top and since there are a multitude of shorts, there might be a following short squeeze. It is highly possible that there is a rally to 9200 and this might follow the Wyckoff Distribution with a upthrust and a upthrust after distribution to hunt for shorts as this rally has pushed through. In addition, because the price seemed more stable, it is possible that this is accumulation for more moves to the upside. As for the RSI, it bounced off of a point higher than 40, thus, this is bullish despite the divergences and this means that there are likely more moves to the upside. Previous Analysis:
COINBASE:BTCUSD
by CuddlyCuddles
BTC's Complex Head And Shoulder TopI wanted to do a more thorough analysis of the right shoulder in regards to this pattern, and after more scrutiny, it appears as if the right shoulder is a rising broadening wedge (blue) with a rising wedge (purple)contained within it. There is approximately 8 hours to the resolution of the rising wedge within the broadening one. Rising wedges are naturally a bearish continuation pattern, however, it is possible that they break to the upside, if it does break to the upside, it will break through the broadening wedge. I think that this is unlikely because there were two strong pushes to 8300, known as an upthrust (bull trap) seen under the white curve on the right most shoulder, that both failed. In addition, there were three total pushes through the upper trendline of the rising broadening wedge with no success. This principle follows the rules of three (something to note, but not use to dictate the outcome). Thus, I will favor the downside break of this rising wedge and a downside break of the overall broadening wedge completely forming the complex head and shoulder. Previous Analysis:
COINBASE:BTCUSD
by CuddlyCuddles
1
STANDARD BANK (SBK) 4-HOUR TIMEFRAME SHORTIn the spirit of load-shedding in South Africa, i decided to try out the dark theme. Without futher ado, let's start our analysis. The price for this stock is forming a descending broadening pattern, and i expect it to continue to bounce against the pattern's support and resistance zones. The price for this stock is currently creeping towards a resistance level at the 19 650 mark, and it will be interesting to see if prices will break this zone or reject and continue lower. A possible target for a short position is the 18 280 level. I would only open a small position, as this trade is likely to be against the prevailing trend, as the 200 moving average is currently below the price, signalling bullish bias. Well, so much for indicators!
JSE:SBKShort
by munyaelliott
CVC is doing an $LTC MoveHi friends! Ive recently noticed a very familiar price action that we saw on $LTC in recent months on CVC. If it does follow the pattern, it will likely send $CVC on a 200% rally from its current price. We have also seen similar behavior on $KMD and $STORM. It has recently bounced from its 200 day EMA and has stayed above it since March 10. That's it guys. I welcome your feedbacks. This is just a guide, not a trading advise. Hit like and follow for more chart updates! Thanks -Your Poop Trader
CLong
by PoopTrader
1
Everything under control. Was it trap? I warned!Come on. Everything under control. Broadening WEDGE enabled. It was a beautiful BULL TRAP coming out of a large Falling Wedge followed by a False BULL FLAG. Great move. Great trap. Bears are still in control, are not they? Take a look at my previous STUDIES and they will prove the armed farce. You were warned. I'M NOT TOP TRADINGVIEW I'm not a FAMOUS I do not want your MONEY I'm here to help you And in the end I'm the CRAZY! It was a BEAUTIFUL SHORT SQUEEZE
BITMEX:XBTShort
by f3rG0D
2
DJIA on Wave 3 in Broadening PatternWhile studying the charts, I noticed that a 2.618 Fibonacci extension nicely coincides with the top trend-line of a potential broadening pattern. Do I believe this will play out? No. Is it possible? Definitely. I doubted we'd see 26,000 without a wave down, so at this point, what's another 1000 points up. No big deal in this crazy market. Please see my other chart for a bearish outlook that predicts the formation of a symmetrical triangle. Tips are appreciated if this plays out and helps you get ahead of the market in the coming months: ETH: 0x13cd45d7d282ee0ee4635645cce2e2a566d9bed8
DJ:DJILong
by Cryptogold14
1
#ELF unleashedELF have been in accumulation for long and even in this pump didn't fully achieved targets. We are inside a broadening wedge and we are going for the kill before mainnet release at 31st March. ABCDE Wave pattern will be completed soon giving us a reversal buy zone, I'd like to call attention that point E (buy) more often than not reverses half way to bottom, and we have here some pretty sweet spots to get ELF, being them 61.8%, 78.6% fibos and finally bottom of broadening wedge and support at 2868 sats. Our macro targets here are huge, and we didn't even achieved this time algo target of -23.6% fibo or 127% ext fibo Breakout zones: 3250 - 3340 - 3449 - 3592 > open to Macro targets - breaking this ranges will take us above, they are resistances our main resistances to achieve macro targets. Take-profit zones: 3617 - 3855 - 4158 > MACRO > 4543 - 4731 - 4969 - 5657 open to 6771 - last and respectively 361.8% fibo As a heads up, we have been profiting quite few times with ELF swings and this major move was expected already where we booked 36% profit, If you'd like to join us or more info, PM, we are a free channel.
Long
by Jnsane
Right Angled Broadening Wedges - Short 20x Bitmex NOWIdentifying a Right-Angled Broadening Wedge Right-Angled Broadening Wedges come in two varieties, ascending and descending. They consist of a horizontal trend line and a sloping trendline . The Ascending Right-Angled Broadening Wedges (ARABW) have an ascending trendline above the horizontal trendline with price action in between. The Descending Right-Angled Broadening Wedges (DRABW) have a descending trendline below the horizontal trend line with price action in between. With both versions price broadens over time. Prices should be seen to touch both trendlines twice. Two touches to form the horizontal trendline and two touches to form the sloping trendline . Breakouts from these two patterns often follows a partial rise or a partial decline. What is a partial rise or decline? After the two trendlines have been formed the pattern can be identified. When price rises off the lower trendline , and doesn’t reach the upper trendline before falling back to the lower trendline . This is a partial rise. When price falls off the upper trendline , and doesn’t reach the lower trendline before rising back to the upper trendline . This is a partial decline. More often than not a breakout from the pattern will follow. The partial rise or decline never happens after the breakout.
AShort
by f3rG0D
Right Angled Broadening WedgesIdentifying a Right-Angled Broadening Wedge Right-Angled Broadening Wedges come in two varieties, ascending and descending. They consist of a horizontal trend line and a sloping trendline. The Ascending Right-Angled Broadening Wedges (ARABW) have an ascending trendline above the horizontal trendline with price action in between. The Descending Right-Angled Broadening Wedges (DRABW) have a descending trendline below the horizontal trend line with price action in between. With both versions price broadens over time. Prices should be seen to touch both trendlines twice. Two touches to form the horizontal trendline and two touches to form the sloping trendline. Breakouts from these two patterns often follows a partial rise or a partial decline. What is a partial rise or decline? After the two trendlines have been formed the pattern can be identified. When price rises off the lower trendline, and doesn’t reach the upper trendline before falling back to the lower trendline. This is a partial rise. When price falls off the upper trendline, and doesn’t reach the lower trendline before rising back to the upper trendline. This is a partial decline. More often than not a breakout from the pattern will follow. The partial rise or decline never happens after the breakout.
AEducation
by f3rG0D
1
LMAO! BULL TRAP? YEAP - BROADENING WEDGEThat's really funny. The trap is armed! A FALLING WEDGE IN A ROLLING TRIANGLE With a BROADENING WEDGE? I'm literally ready to see it! To the moon? 100k? Just a lunatic to believe that. Or rather, the same that follow the great TOP TRADINGVIEW. You are too funny. Stop spreading false specs. Look for another job. This movement is totally bass. Come on UKRAINE TRADER copy everything you can, you need to sell your signals, right? They are very rare and arise only at the end or in the final stages of a long bull market. Normally, they assume the appearance of an inverted symmetric triangle, and may also appear as ascending and descending triangles. The symmetric type consists of a series of price fluctuations, by means of a horizontal axis, with each tertiary top higher than the previous one and each tertiary fund lower than its predecessor. When we connect the tops and bottoms with two straight lines, we will see that the tops are inclined upwards, and that of the tops are inclined downwards. Unlike the triangles, whose limits are respected, in the formations of enlargement, the ascents and descents are not always interrupted in the limit of the lines, making a little difficult its tracing. The pattern also contradicts a lot in the sense that a penetration of a previous top usually indicates a resumption of the bullish trend while the breach of a previous fund commonly signals either the beginning or the continuation of a bullish trend. I AM NOT FAMOUS I DO NOT WANT YOUR MONEY I will not get you wrong
BITMEX:XBT
by f3rG0D
1