ETH/BTC day , bearish descending triangle ?i don't know if it's correct ! but many thinks telling me it's falling donwn
Falling
ICX should go up soon?I'd say so by the look of that falling wedge, right?
This could be the kind of pattern that drags on for a while, nullifying both lines over and over until it finally completes and breaks out, but it also can start going up real soon, as we are reaching the apex of this current pattern.. It probably depends on the entire alt market- if BTC turns over and starts correcting soon I would think it more than likely for ICX (and many other altcoins) to break out of this bullish pattern for some upside bull action for a while, and ICX specifically looks like it will probably give good returns from the current price, at probably around at least 2x (100%) or 3x (200%) of its bitcoin value by the end of its short term run.
GbpUsd retest broken falling wedgeNeed to break the current resistance area to confirm the falling wedge pattern
Potential Falling Wedge Pattern on EURJPYExpect a falling wedge pattern on EURJPY, possible short and long upon confirmation of reversal.
Falling Wdge on XRPUSDTthere is a rising wedge on the chart of BTCUSDT on binance. i used short term price action to simplify the trade (green and red lines) and lower the risk. just trade the breakout of rising wedge by putting a stop-buy order and then place a stop-sell at the stoploss level. if it plays out you will be rewarded 11% if it does not, you will loss less than 3%. definitely worth to try. wait for future updates
NEO \ BTC falling wedge in a downtrend? maybe...NEO\ BTC
Analyzing NEO BTC (bitance) chatd we see a very very long downtrend from April (0.009 BTC) to August 2018 ( 0.0024 BTC)
On september NEO broke downtrend and has entered in a falling wedge triangle where now we are in.
Falling wedge in a downtrend is a bullish signal so we expected IF NEO dont broke lower support a testing in area 0.003100 BTC
IF NEO broke down support.. well... there's no other support... free fall to hell.
MY PERSONAL TRADE (it's only my personal trade not a suggestion!!)
ORDER LIMIT:
BUY ORDER if price reach 0.001635 SAT (now 0.001623 sat) i'll lower this entry point every 5 sat (0.001630 when reach 0.001618 and so on)
please fell free to comment below.
Thank's.
F.E.
falling wedge for silverwe can notice a falling wedge pattern in daily with lower volumes as books say in order to identify a valid pattern; strong momentum divergence in daily.
if we look at lower timeframes in m30 there is a possible double bottom so my advice is to wait breakout of 14.46 with high volumes and buy there;
if you want to be updated on all my signals join my free telegram group
t.me/forexpro15
thank you bye bye
Is this the bottom for Celer???For the first time since it's ico, BINANCE:CELRBTC seems to might finally found its bottom.
we can see that the Parabolic SAR turned to long and supports the consolidation of the price, The MACD is holding long and slowly going up for a couple of days and also the RSI seems to be slowly rising as well
I'd keep a close eye on this one and enter once we close the daily above the falling wegde
could turn out as a great trade
Price finally hits breakout target from march's falling wedge!What an incredible bull run it's been thusfar these last three months for btcusd. Of course we've been expecting an eventual climb to at least $7229 since february and looking back over my previous charts you can see we've been charting the falling wedge breakout target since march 11th and the wedge itself as early as mid february. Not only did we finally hit the breakout target of this white falling wedge we went slightly farther and hit the blue horizontal support line that we have had set up for almost as long just above the wedge target at $7427. It always amazes me when crazy pumps like this happen to find their moment of retracement at trendlines that I've charted long before the price breakout had even began and this time is no exception. You can see this blue line in my previous weekly chart idea as well. Normally in a circumstance such as this I would have set up a limit sell right at that trendline with a stop loss a few pips above the trendline but this time because we are in the midst of a parabolic uptrend I will likely just hodl and buy dips to be safe until I see the weekly stoch rsi break under the support trendline that's been propping up momentum this entire bull run. until I see that break im playing it safe because I actually tried to catch a quick dip around 5.8 that never came and had to scramble back in and I refuse to repeat that I will be relying instead on my lower low/lower high and buy/sell line strategies to decide when to sell and until i get those signals I will only hodl and buy dips...however the greed fear index right now is on extreme greed which is always a bearish sign, plenty of bearish divergence on multiple indicators, retracing a bit right here at the horizontal blue trend line we have just reached would create the perfect possibility for a monthly cup and handle pattern to form its handle, and we're gonna have to break under the weekly stochrsi's support trendline in the not so distant future. A correction is well overdue but in a parabolic run like this all bets are off especially when so many new institutional investors are aware the bull market has just arrived again. so my strategy until I get the right bearish signals will be hodling and dip buying. We should know in the next couple days or so if we have more room to continue up or correct, but for now I leave this idea neutral.
BTC price close to reaching falling wedge target from March 11thAmazing to see the price action this close to reaching the projected breakout target from the bullish breakout of the falling wedge that we had recorded al the way back on march 11th. I was confident we would come close to hitting this projected target but honestly thought we'd see at least one retracement before we got as close as we are now. We can see we just hit the breakout target from the weekly bullflag we had just broken up from at 6888 whether or not we will continue up from here without a retracement is uncertain but shorts are still surprisingly high so we may have another leg up potentially which would allow us to reach the big white falling wedge's full target. We must remember however that falling wedges are one of those shapes that doesnt reach its full target as often as some of the other chart patterns so to even get this close is impressive and to do so before any corrections is even more impressive. I had originally called for a breakout from this wedge around february 18th but had predicted the breakout would occur slightly before march 11th so originally had the breakout target at around 7.6k but once the breakout was fully confirmed a few days later we honed the target to around 7229 so there is a chance we can still continue up from here. FOMO can easily fuel us a little more until longs start to pick up more steam in which case the momentum will start to shift the other way. Exciting times in btc and no doubt a clear sign we have reentered the bull market. Because of that this idea will be listed as long even if we do finally have a correction soon the not so distant future(next 3 years)should be quite bullish.
XRP breaks up from daily falling wedgethe breakout target for this one is right around 39 cents, this breakout comes on the heels of the IMF saying very good things about ripple as they tend to do and Asheesh Birla revealing that not long from now xrp will be expanding its corridors beyond just Mexico and the Philippines.
Breakout of falling wedge $TSLATSLA has been trading in a falling wedge since the middle of december 2018.
It perfectly touched the upper and lower trendline a few times and now broke out above the upper trendline.
Entry for this is anywhere around 292$-295$
Target = 372$
Stop loss = 235$
Risk/Reward ~ 1.4 - 1.5
Third fall ? I hope not I keep an eye on XRP.
I hope this will be the last fall.
What do you think ?
(bull or bear)
EURUSD Falling WedgeA bullish wedge is what we can see here on the lower timeframe (1hr), I'm trading this as shown on the chart.
We see the price closing in what means the bears are losing control pushing the price down over the buying up from the bulls.
This can be traded on the breakout, but with a narrow wedge like this there is more chance missing the entry.
You could also watch for a price lower, the RSI is not oversold yet but that is just an indicator that would conform your entry on a support or resistance.
Notice that I'm regularly trading on closing wedges rather then breakout since I'm not a fulltime trader and can't watch over the markets all day everyday.
Also this would not be my trading style because I don't want to get emotional involved with the markets, my way of doing this is just to spot a pattern and stick to the plan.
Thanks for reading and have a good day!
Wesley
Are you prepared for the next 30 plus percent off???We are in the end of this bear trend, but we will fall a little bit more one more time.
Be prepared to the fast fall!
If you are longing with leverage, don't forget to set your stops to prevent liquidations.
In my opinion, in the next weeks, we will fall to USD 2750, maybe with a leg touching the USD 2400 or something like that, and then Bitcoin we will rise up slowly back to USD 3400/4500 level for a few months.
But, this will be the cheapest price we could see bitcoin ever again, so don't think this will be the end! Believe, this will be the begin of the preparation time that market needs to next and biggest Bull rally!
Total Marketcap Weekly 200ma vs 20ma continues. At crucial pointWe can now see on the Total Marketcap's weekly chart we have managed to inch our way above the weekly 20ma's strong support. We need to of course close 2 consecutive weekly candles above this MA in order to confirm we have flipped it from strong resistance to support however and we can see the weekly stoch rsi is currently overextended and could potentially see a bearish cross here in the near future. For that reason, I'm not yet sure that the bulls will win the battle between the 200ma support and the 20ma resistance...If we do dip back below the 20ma before closing 2 weekly candles above it, my guess is we will be dropping back down to at the very least retest the weekly 200ma's support and possibly even break through it. I think if this occurs it will probably result in capitulation and even though we ma break under the 200 weekly I think on the weekly chart we will still ultimately find support there with maybe a huge wick to the downside dipping below it as capitulation. From there hopefully we would see a big bounce again provided by the 200 weekly ma that could have enough momentum to finally break us firmly above the 20 ma..and finally be done with the bear market. Of course if we see 2 weekly candle closes above this 20 MA I will instead be confident that probability strongly favors the bottom is already in and we should then see a corresponding significant bullish surge to go with it that takes us towards the breakout target of the larger falling wedge. We will likely find out in the next week which way we will be heading.
GOLD COMEX: Drop in the value of gold. What to expect next?COMEX:GC1!
On the chart, we see that we started the downward movement, as you can see, a “falling star” reversal candle was formed earlier, which directly signaled the impending fall. As it seems to me, the fall will continue further if we do not restore the price and break up the blue line.
I wish you good luck, do not forget about the stop order.
BitcoinBitfinex 1D chart
What happened today is of course this manipulation, the index of greed is off-scale, so this fall has happened.
Can we think for a long time why this happened?
But the fact remains.
what's next?
This is what I showed on the chart.
Here showed a grid of levels and lines of supports and resistances and possible options for continuing the movement.
We still continue to move in the upstream channel, we are near the support line and it is likely that after this impulse I expect a slight correction in black or in a large yellow triangle. With the continuation of the movement
An exciting updated look @ the weekly total crypto market chart!An update to the weekly falling wedge we've been keeping track of on the total crypto market cap chart. We currently are breaking up from the 1 day yellow falling wedge. If we can maintain above the 1 day 50ma(not shown here) which we likely will, we will also trigger breakout of this larger 1 week red falling wedge! If we trigger the red falling wedge the entire market could triple to quadruple in value! We can see that much like bitcoin's chart, the weekly 200 ma (shown here in blue) has provided tremendous support. If we do indeed triple the market value from a validated bullish breakout of this wedge, I would be very confident that the bear market would officially be over at that point. Always potential for fakeouts of course though so I will remain vigilant for any bearish turnarounds but as for now probability is heavily favoring a triggered breakout of the red falling wedge within the next two weeks. We may very well be witnessing the start of it.
