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Falling

Bounce found right at bottom trendline of falling wedge: here is a link to the original falling wedge I initially charted on coinbase: s3.amazonaws.com you can see the bottom trendline when at this trajectory is the exact bounce spot our current price action has found good support at...I anticipate we will move back up to the top trendline of the wedge again before any kind of capitulation. We may test the bottom trendline a couple more times before that bounce towards the top trendline but I personally dont think capitulation will be until after we've bounced down once again from the top trendline of the wedge...however if we do retest the weekly 200ma that may be enough of a bounce to confirm capitulation so I'm still waiting to see how price reacts once we revisit that range which has gone up a little since we first visited it back around the 3.1k area. So for now I anticipate a bounce back up but am keeping this idea neutral because we may do a slow grind downward here and retst the bottom trendline of the wedge a few more times first before we head back to find resistance at the top trendline of the wedge.
BITSTAMP:BTCUSD
by DrDovetail
1 day falling wedge unveiledin the shortterm I expect a break down from the current red symmetrical triangle weve been in on the 4hour chart so this idea will be short for now...however in the medium term I now see a big falling wedge in green on the 1 day chart thats apex stretches to April and believe we will ultimately break upward from this pattern. Interestingly enough the target breakdown for the red symmetrical triangle pattern lines up exactly with the bottom trendline of the current green falling wedge pattern so I may set my limit buy right around 3364 because of this. i think we break down to 3360 or so, find support on the bottom trendline of this falling wedge then bounce back up to the top wedge from there around 3632...then get rejected back down and bounce up off the weekly 200ma or so then it sends us breaking up out of the wedge at around no lower than 3421 if we break out of the wedge there it can take us to 4.1k and far above that descending dotted white line of resistance we encountered originally back when people were thinking it was a neckline to a big inverted head and shoulder pattern..however just above that is the top trendline of the bigger falling wedge we are in at around 4.2k so that resistance may provide too strong to break we will have to wait and see...there is also the chance that the 200weekly MA may not hold in which case we will likely continue further down in the falling wedge and break upward closer to the apex. I think if we do go below there the horizontal yellow support trendline I have here on the chart at that range will hold good support. so short term I expect more downward motion but mid-long term I expect a break upward from this falling wedge.
BITSTAMP:BTCUSDShort
by DrDovetail
BTCUSD Supply/Demand Zones, Going to Retest Local HighFirstly, I'm in no position to teach anyone. The only reason i make this public is so hopefully more experienced traders can weigh in and hopefully help me if they would be so kind :). Anyways i won't really be able to describe it in a way that would really help most and i lack a lot of the verbage still, so on to what I'm seeing. On the chart you can see the Fibonacci levels from the most recent wave up, as well as where i believe the supply and demand levels are for a longer time frame. If this were the stock market, this is where the banks are buying. For crypto they are just called whales. I'm using the most recent downwave's fibonacci levels to project where i think price will meet strong resistance, which the 3.618 level matches up with the most recent high further strengthening my view. I think bull flags will start to succeed and reach the new local high, we may dip back into the demand zone a bit. I have the stop set at what seems to be the local low. You can see on the DMI a divergence of bullish pressure to the upside and bearish divergence on bearish pressure. If we go below that level my view is negated and i think we will retest lows. What do you think?
BITFINEX:BTCUSDLong
by Silvertoe
XRP Falling Wedge Pattern repeating?There seems to be a recurring bullish falling wedge setup. I have marked my accumulation zone and will place scaled buy orders there. This will partly be for long term positions and for short term trades should the pattern breakout of the wedge. Pay attention to false breakouts and don't be fooled. First target where I will sell a bit is at 0.55$ (0.6 fib retracement) Second target is at .78$ (1 to 1 fib retracement. Good luck * not financial advice
KRAKEN:XRPUSDLong
by onchain_edge
A look at the entire cryptomarket marketcap's falling wedgewe can see here on the weekly chart of the entire crypto marketcap that the market is very much so inside a falling wedge...one that seems to reach its apex in the middle of march....but as with most falling wedges a breakout from the wedge tends to happen very soon after 3/4ths of the wedge has completed so a breakout can be anticipated sometime within the next few weeks. we can see the 200 weekly moving average in blue for the cryptomarket has been holding very strong support the past few weeks...if this 200 week simple ma holds then we could breakout of the wedge in the next 2 weeks...if that's the case then the bottom is essentially already in...if it doesn't hold and dips below the next likely target is a double bottom on the horizontal teal trendline we have already touched once. Any dip that could happen below that would likely just be a big bounce up off the bottom trendline of the falling wedge. Once we trigger a break upward from the wedge the bottom of the bear market will almost certainly be in. A breakout fakeout candle followed by capitulation is also a possibility to consider so its wise to make absolutely sure the breakout is validated before jumping to conclusion.
CRYPTOCAP:TOTALLong
by DrDovetail
1
ZRX/BTC Analysis 0x: 1) Falling Wedge. 2) Possible Inverse Head & Shoulders, with right shoulder forming. 3) The cloud remains bearish on the daily but has flipped on the 4 hour, creating some bullish sentiment. 4) MACD looks sideways on the daily, though seems bearish on the 4 hour 5) RSI continuing rising trend on the daily. May drop down to rsi trend line before any significant move up. 6) Keep an eye on Bitcoin as it influences the overall market heavily and a drop in BTC will see the market as a whole drop, including 0x. IF a breakout occurs, expect an increase to the next resistance zone (blue line) - 0.00009122 IF breakout fails, expect a drop to the lower trend line of the falling wedge or possible lower to the next support level (pink line) - 0.00007304.
by Vermillionz
ETHUSD: What goes down must go up (but not quite there yet)Since the Ethereum price is entirely dependent on Bitcoin and Bitcoin itself is expected to keep its bearish momentum for a while, we assume an extension of ETH's gigantic falling wedge. On a final sellout and panic incident, we see the real capitulation between $15 and $25, which would set ETH slightly above its mean before the 2017 bull run. But note: In that case we will also see a huge large-scale upwsing and it will be extremely hard to time. Make sure to setup your plans for this type of scenario.
Short
by CoinStudio
3
Temporary long to $3850 on btc after falling wedge upward breakFinally appear to be breaking upward from the falling wedge...after tracking many potential trendlines for t it appears the trendlines that went by the candlestick bodies were most valid which made it a smaller wedge with less breakout potential so now instead of a target of 4.1k we have a more conservative price target of $3845. It could continue to bounce once we reach there but it is wise not to get ahead of ourselves....I think we still have a bigger drop and capitulation candle in our near future. For now though this situation allow for a temporary long position.
BITMEX:BTCUSD.PLong
by DrDovetail
XRPBTC Falling Wedge triggered; quickly headed towards targetMy projected target for the falling wedge breakout has a fastly approaching breakout candle finally heading its way. Look through my previous ideas to see but I've been watching this falling wedge for quite awhile now..glad to see it's finally triggering. With this momentum there's a chance it will only continue up after reaching that target...although some sideways consolidation or a small retrace is also likely keep in mind we are still in the midst of an xrpbtc bull run due to the golden cross we had over a month ago...and it seems like it has no intentions of reaching its bull run peak anytime soon.
Long
by DrDovetail
Wedge breaking up, look for $3650 $BTC resistance #BitcoinAs long as the price holds above 3350 on Bitstamp I think we will see a relief rally to $3650. There is a distinct possibility that we have put a bottom in for 2018 since the price came so close to the resistance and the $3000 psychological level. Many had predicted a bottom at $3200 as well. As I mentioned in the related post on the weekly chart linked below: "The weekly Stochastic RSI , 200-week moving average, high leveraged shorts, horizontal support, and weekly Bollinger Band all indicate that we are coming up on a tradable bottom (at least.) Having adjusted the Bollinger Band to identify secular periods of euphoria and desperation in the Cryptoshere, it is clear that we are in a rare time of desperation for Bitcoin aficionados. It is in a time like this that the bottom of the 2014 bear market ended. In hindsight, it was the best time to buy BTC before the last bull run. I believe that in the next week we will see a very tradable bottom and a significant rebound in prices. It is likely that the low of the coming days will also mark the bottom of the 2018 Crypto Bear Market."
BITSTAMP:BTCUSDLong
by blloyd
Final leg almost here (but not final low)We're almost there in this falling wedge structure. The final leg will soon materialize imho, the rising longs, and decreasing shorts are signalling that, then also the three drive pattern of a falling wedge, correction C was not here yet. Then also the 4h stoch RSI on overbought again. High probability trade, however, there is a chance of 10-20% that BTC will suprise us with a weird move. But still, I am expecting something like this for the coming days. Good luck and merry profit !
BITFINEX:BTCUSDShort
by SebastianofMoon
14
ETHEREUM looks bad#ETH Ethereum looks bad, all the important supports were easily punctured, and now we can continue to go lower with the rest of the markets. The closest support range formed within $ 73-78, fixation below which will be a very bad signal. The nearest resistance is $ 100, its breakdown will give strength for a step up, but it will be extremely difficult to rise above $ 140, even after breaking through $ 140 there is a high probability that it will fall again.
BITFINEX:ETHUSD
by CryptoWolfsTrust
I anticipate a break up from the current bitcoin falling wedgetemporary long as I don't believe we have reached the bottom of the bear market yet...we may see price action go back down to the support of the falling wedge's bottom trendline one more time and maybe even a breakdown fakeout wick a pip or 2 below it but ultimately I think like most falling wedges probability favors a break upward within the next few day candles most likely after the stochrsi gets near the bottom again. Once we hit the 4.4k breakout target we may immediately fall right back down though and finally find our capitulation candle afterwards.
BITMEX:BTCUSD.PLong
by DrDovetail