Bullish Shark PCZ at Bottom Half of Broadening WedgeWe have Two Instances of Bullish Divergence on the 4 Hour MACD at the Demand-line of a Descending Broadening Wedge and PCZ of Bullish Shark and if it plays out we could very well see the top half of the Channel from here.
Descending Broadening Wedge
Descending Broadening Wedge on BTC!!!Like the last time we have fear, pannic and descending broadening wedge in the market.
At the moment we have divergence on the 4 hourly which i think is going to bring us to the upper line of the wedge, but i also think we are going to be rejected from it because at the moment there isn't enough buying preassure.
If we come down to the support line again i am going to open a long position and buy a bunch of altcoins for cheap.
What do you think about this Descending Broadening Wedge?
Feel free to leave a comment.
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
TOTAL/BTC BREAKOUT
You can see that BTC has beautifully broke up. However if we look at the total crypto market there was no breakout.
This could indicate that there is further downside or that the real test will be after BTC's breakout of the descending broadening wedge
if we look at current price action of BTC
If BTC breaks 39k it will go and test the highs of 43-46k. Breaking 46k will start a new bull run, probably to a new all time high.
However, BTC already broke down from both the triangle formation and the descending broadening wedge pattern.
Now if it gets rejected from the same trendline it will dump quick and by a lot, probably retesting the lower 30s.
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BTCUSD BTCUSDT STACKING SATS
4H Descending Broadening WedgeMost of the info is on the chart.
Descending Broadening Wedges tend to breakout upwards.
The Triple MACD divergence is also a bullish sign.
The signal I am waiting for is a close above the upper trendline of the wedge.
The target would be the first (highest) high in the pattern. (40960$)
ETH | Descending Broadening Wedge?Hey, I am observing right now the ETHUSDT chart waiting for a conformation of what will happen but still taking a long trade. The upside has more room up in my opinion if we break below the green line (Support) I will close my trade ofcourse. Shill me also your ideas.
GBPUSD Breaking out of a Descending Broadening Wedge> Weekly pulled back to .618 Fibonacci, horizontal support, 200ema and found support to start a bull run now 3 weeks in. Possibly looking to reach the recent highs area at 1.4200.
> Daily formed a descending broadening wedge & is currently starting to breakout to the upside.
1. Price could continue breaking out on the daily and form a small pullback to retest the wedge and horizontal support (maybe 1 hour flag over a few days) before continuing to 1.3950 which is the top of the pattern.
OR
2. This could be a false breakout of the wedge. Price could make a larger pullback, moving back into the wedge and forming a higher low around 1.3500 horizontal support/ .382 Fibonacci/ 50ema, before forming a reversal and breaking out of the wedge again making a run to 1.3950 to 1.4200.
Invalidation for an entry would be price continuing to run to target without pulling back or price moving back into the wedge and failing to form a higher low, moving back down to the lows. A negative is the monthly did form a double top and is in a bearish run.
BTCUSD ACCUMULATION BREAKOUT SCENARIOBITTREX:BTCUSD
If BTCUSD holds the 31-33K band, It could form an accumulatıon zone with bullish rsi divergence followed by a descending broadening wedge breakout. Whıch then would also mark the pivot point for the larger market trend.
$105-108 in the Immediate Short TermHey Traders,
Litecoin (LTC) seems to be in a descending broadening wedge, this gives it a target of $197 but before that, Litecoin will have to go down a test strong support of $105-108.
Safe trading,
-Pulkanator
YETI Long & Short, timing is everything.YETI
Short Term View: Long
Descending wedge still has room to develop. Watching for a breakout to the upside and targeting $92 area. Stock has sold off 30% from the top and if it continues its downtrend to the bottom channel it will be -35%. A rebound is likely with upcoming earnings unless the overall market goes into full crisis mode.
Long Term View: Short
Assuming this bounces from oversold levels, I am looking to initiate a short position due to overall market and a lot of other names already crashing (ZM, OSTK, PTON, etc, etc.) Along with what i see to be earnings deceleration on a lot of companies after the stimulus dried up, no unemployment, inflation pressures, interest rates, fed tapering, etc.
CADJPY Analysis >>> Break Descending Broadening WedgeCADJPY already break the Descending Broadening Wedge Pattern, potentially make a strong bullish trend
Price Target on the Cluster of Fibonacci 1.618 External Ret and the DBW pattern's target
CAD/JPY Signal ;
BUY STOP >>> 89.964
SL >>> 89.000
TP >>> 92.230
R/R ratio 1:2.4
Win Rate 61%
-Fibomic International-
FX:CADJPY
DESCENDING BROADENING WEDGEDescending broadening wedge happens during a downtrend. which in case of breaking the Resistance of the wedge it can bring in a good setup for a long on the asset.
Price makes a low and rises. We then track price as it rises away from the low. We are looking for lower highs and lower lows in a tight range.
The lower highs make a falling trendline, this forms the upper boundary to our pattern. The lower lows make a lower falling trendline, this forms the lower boundary to our pattern.
With the Descending Broadening Wedge formation, we are looking for two touches to each trendline.
Both the upper and lower trendlines should fall. The lower trend line should fall more steeply than the upper trendline thus forming the broadening wedge.
BTC Daily Descending Broadening Wedge Setup | Target 53kBINANCE:BTCUSDT forming a descending broadening wedge setup, have an open long position here. If daily candlestick closes above 53k resistance road back up to 59k is clear
BTC - iH&S Scenario PlanningThe upper bound of the Descending Broadening Wedge provide a potential neckline for an iH&S formation. BTC has resistance at the 8h MBB/8EMA combo.
BTC - Descending Broadening Wedge in 3D - 4h viewWeekly Resistance at the 8 EMA, with 2 Monthly wicks at the UBB.
BTC - Descending Broadening Wedge - A Metaverse StoryBTC found overnight support as it ran the 5 min 8 EMA to the upside. A new addition to the Geotech roster, the Broadening Descending Wedge is classically categorized as a reversal pattern.
PPSI BreakoutA breakout can be seen above this descending broadening wedge, this breakout will likely form a channel above this wedge
The indicator provided (mavilimV) shows this increasing trend
This is the weekly chart so a long investment is warranted
BTC - Broadening Wedge in 3DResistance at the 8h 50 SMA, supported by the 8h 8 EMA, BTC rejected the top of a Descending Broadening Wedge.
Logscale Bullish Gartley within a Descending Broadening Wedge We have Bullish Divergence on MACD and RSI near the bottom of a Descending Broadening Wedge Pattern at the PCZ of a Bullish Gartley in Logscale.
Bitcoin is about to take off! Get Ready!Bitcoin continues to repeat itself. Will it do it again?
The current RSI has formed an almost identical pattern as it did in September. During this time it was forming a descending wedge/pennant/triangle.
Currently we are near the apex of an identical wedge and the RSI reset almost exactly like this at the end of September before it took off from 39K to 69K.
We also appear to be bottoming out on the Bollinger Bands, as we were in September before making a 30K move.
The first wave up was 23K and the second wave up was 30K.
I anticipate a breakout move to 80K from here. That would be about a 25K move from the bottom(assuming 55K is the bottom).
BTC - Descending Broadening Wedge - Under Construction in 3DThe current candle looks like it is floating on support, as upper and lower trend-lines have presented for a Descending Broadening Wedge.
BAOUSD: Partial Decline Descending within a Broadening WedgeWe are breaking out of this descending broadening wedge after confirming a partial decline our logscale target takes us up above 1 cent to the 1.618 fib extension. this trade requires me to risk 60 percent of the position size so im not putting anymore than a thousand dollars into it.
