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Bullishbreakout

About to break above a weekly btc falling wedge soon?We can see price action is now currently back above the weekly 200ma (in blue). This key moving average has held solid support for most of bitcoins existence and if it can flip back to solidified support here as well then it should allow price to break up out of this falling wedge right around where I have placed the dotted line that charts the measured move of the wedge’s bullish breakout. If we see this occur odds are very likely the bull market will be back on….of course ideally we will still want to see price action eventually create a new higher high which would require a new ath. *not financial advice*
COINBASE:BTCUSD
by DrDovetail
GMT - Run, BullRun :)Reasons to take long: ⭐️ BTC is bullish ⭐️ Made false breakdown ⭐️ There a lot of trapped bears ⭐️ Slowly squeezing to the trendline ⭐️ 3rd approach ⭐️ Over VWAP Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Long
by Artem_Dishel
4
#IOTEX $IOTX testing resistance, more upside coming?iotx has been testing the 4h resistance level around $ 0.0255 if we see a good breakout from the one, with good volume , and a good retest, we can set a long order with $ 0.029 as the target (following 4h resistance) and something around $ 0.023 as the stop loss, which is just below the swing low, which could act as new support and bring the price back up on a retest let me know what you think about this idea and if you are planning to enter on this trade + like and follow for more ideas
Long
by opop777
2
ZILUSDT | Wave Projection|Downtrend Breakout Entry@Retest SMA50?Price action and chart pattern trading > Elliott Wave downtrend channel breakout testing SMA50 key resistance > High possibility breakout key resistance and retest SMA50 > Entry @ SMA50 retest - Target SMA200 + 30-35% > Stoploss @ SMA20 -10 - 15% downside RRR: 2:1 Indicator: > BBD continued uptrend positive banker fundflow above baseline > KDJ stochastic strong uptrend ribbon > Banker smart money volume support Always trade with affordable risk and respect your stoploss
Long
by dukeposh
Btc about to hit smaller double bottom breakout target.I’m sure this chart looks like a mess to most of you but every line currently on the chart is part of a pattern that is currently in play. We can see the smaller double bottom pattern we have been above the neckline of for a few days has a breakout target of 47.7k which it appears we are currently heading to now. In doing so, price action has also hoisted itself above the neckline of another larger double bottom (top green horizontal) and if it can hold support on that neckline the breakout target for the larger double bottom is around 54k! 54k also happens to be the same breakout target zone for the falling wedge(not shown here) that we broke up from back in January or February and had been charting since last December…so its nice to see that sort of bullish confluence. We are also finally seeing price action considerably above our tan rising wedge here which is a good sign especially if we can maintain its top trendline as support. The smaller double bottom’s breakout target of 47.7k takes us right up to the top trendline of our rising channel (in purple) so it would not be unexpected if we see that line maintain resistance at first. I imagine we may send a wick above it to test the 200ma and initially see a rejection that sends price action back down to retest the larger double bottoms neckline for support, at which time I’m guessing the bigger dbl bttm’s neckline will hold support and once it confirms its breakout is when we will finally break above the purple rising channel as well as the 200ma (in blue). We shall see though because we always have to anticipate an unexpected black swan event could send us 180 degrees the opposite way as well. For nw though, the charts are lookin super bullish. *not financial advice*
BITSTAMP:BTCUSDLong
by DrDovetail
2
Falling wedge appears to have confirmed the bullish breakout. We closed a few daily candles above the wedge, then as I anticipated we had a candle dip back down to retest the top trendline which ended up confirming solidified support. Two candles later we had our massive confirmation candle. It appears we have ended the downtrend here and turning the fulcrum back to resuming the uptrend. If so, and the bull market is still in progress then we should reach the full measured move breakout target of this wedge. *not financial advice*
BITSTAMP:BTCUSDLong
by DrDovetail
Just closed 2 consecutive candles above the ttline of the wedge!2 consecutive daily closes above the wedge’s top trendline. This hasn’t happened before on this wedge and we’ve been in this wedge since October! Of course this doesn’t confirm a breakout or anything just yet but does increase our probabilities of one…still a chance a fakeout could occur here instead so must remain vigilant. I’m thinking to cool off some stochrsi and other indicators it will probably retest the top trendline before the real breakout so I’m prepared to load up on some alts and a meager portion of bitcoin when it retest the trendline maybe around 37k. Only of course, if the top trendline confirms that it has flipped itself to solidified support upon being retested. There is also a chance that it could breakout without having the mini retest correction, in which case I will add to my bags just slightly higher. Of course, there’s also a good possibility this is a fakeout still. Another 1 to 2 daily candle closes above the trendline should help to confirm it. Although I’m leaning long, until it confirms I can’t slapthe long on this one so it is gonna be listed as neutral. Bes of luck out there. Thanks for reading! *NOT FINANCIAL ADVICE*
BITSTAMP:BTCUSD
by DrDovetail
6
ETH Bullish Triple Bottom o I'm just dreaming? Opinions, please!I sincerely wish for a bullish future for ETH, so this makes me wonder if my brain is playing tricks o I see a Bullish triple bottom forming up. *Strong support level at 38% FIB BLUE ARROW = BULLISH TRIPLE BOTTOM = Happiness for those with long positions. RED ARROW MEANS = I have no clue what will happen so, be alert. Happy trading for everyone. Ps. I would much appreciate opinions on this idea to grow together, Thanks.
Long
by TradersJournal