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Fallingwedgepattern

Bitcoin Analysis - Triple Falling WedgeIts always a Gamblers Paradise in trading and that is why staying informed and having a game plan with strategies for the price going in either direction After yesterdays analysis leaving the opening to a move in either direction where if we broke above and held $60k that we were looking for breaks to the upside, and then also if we broke down that if we broke below $54k-$55k that we would be looking for more moves to the downside.. We saw the break down after stopping our breakout at $59.9k ---> MAINLY DUE TO EVERYONE BEING ENTIRELY TOO BULLISH AND LONGS HEAVILY OUTWEIGHING THE SHORTS. If you look anywhere in the Crypto Community, i.e. twitter, facebook, reddit, news articles etc.. you will see that EVERYONE has flipped to an HEAVY BEARISH OUTLOOK. I have seen people even bringing up that Bitcoin is going to $0 and bringing up items from the Bitcoin Obituaries site. But put all that aside and look at the technicals. IF a break below the $56k point was going to happen and was not just a wick down and recovered above support, then the next support I was hearing from more most was between $48k to $50k. Overall, Its obvious that the price is being HEAVILY MANIPULATED downward since $69k. And with the breakout attempt that came yesterday it got a bunch of MoonBoy's and Fomo Joe's out from being in hiding.. So what happened? Market Makers just crushed every MoonBoy's and Fomo Joe's dreams having the price fall back the bottom of the support box, the price was recovering and then punished them further by forcing the panic sell of about $3500 off the market price. Think about how much $$ it takes to shave off that much in market price. Here is the merit that bitcoin CAN START ITS ASCENT AGAIN off the $54k price level It is held in some hidden technical analysis that it takes a trained set of eyes and understanding of market psychology for the market makers perspective. I looked at multiple timeframes and made some very small adjustments to the trend lines and it shows a clearer picture. After the few changes I made with the new data and price action, we can see something like this since October 2021 Bitcoin Index 1D Chart We have 3 separate falling wedges that have formed, along with the 11 year trend line that we are still holding as support. Falling Wedges are Bullish Continuation Patters and have a very low probability of breaking to the downside. Bitcoin Index 1D chart: When we look at this in comparison to some previous price action we are able to see that the percentages of throwbacks compared to the last, we are just about even give or take a few points. This would be showing that if we are going to make a bottom we would be needing to do it between $52.5k and $54k. Keeping candlebodies above the 11 Year trend line would be much better from a technical standpoint. Bitcoin Index 1D Chart: Looking at the timeframes of each throwback as well as the bottom we made from before at $29.5k. We are also already in the range of where we would be expecting a bounce. We have a triple falling wedge formation that has built at the bottom, half way up the recovery and then also that starts above the Previous ATH and has moved back into the top of that previous candlestick pattern. Having multiple falling wedges on the top too is also very strong from a bullish side of analysis My custom Indicator at the bottom is still showing a wave curled to the upside even with the dump yesterday, and If you look back at the last breakout we made on the indicator, we could possibly see something similar to this. We can see that the matching of the last price movement, we would look at an overall price target of $92k when confirmations of the breakout are made. So far, given the support level being held with candle body above the 11 year trend line, and that we are respecting multiple falling wedges either from the bottom(support) trend line or using the top (previous resistance) trend line of these falling wedges as support. This is still holding up as a very bullish formation even with the dump we had yesterday which if you look, topped at the largest falling wedges top trend line and then got supported by its bottom line. We are also holding the trend line from the bottom that started the initial breakout (in green). If we break below and close daily candles below these support points ive labeled... THEN WILL I BE LOOKING AT CHANGING MY BIAS. UNTIL THEN, IF you are still not in a position wait for the confirmation of a breakout to be mad and then look at placing positions. IF you are still currently in a position like I am, then you can look at DCA more into your position and work that entry point down, but keep some stop losses around $51k. We could possibly see some wicks down to $52.5k still but that is still yet to see. If you already switched your Bias please go back to the top and read again :)
INDEX:BTCUSDLong
by Gamblers_Paradise
1
Bitcoin falling wedge pattern, again?Bitcoin, like the previous correction in early September, is making a falling wedge pattern. There are very strong similarities; -5 waves correction. -From the swing low to the swing high we can see a retracement to the 0.5 fib lvl (approximately) where it can find support. -The falling wedge ends with a double bottom before breaking through the 0.382 fib lvl. We are currently testing this level. target? top of the falling wedge. DISCLAIMER I am not a financial adviser, this is not financial advice. I strongly encourage all to do their own research before doing anything with their money. All investments/trades/buys/sells etc. should be made at your own risk with your own capital.
BITFINEX:BTCUSDLong
by ADBCrypto
KDA/USDT Falling Wedge - Perfect buying opportunityKadena has been super bullish and continuously making new ATH. Since the last ATH ($28) made a massive correction. Currently forming a falling wedge and resting at 0.786 fib. If KDA finds support here, then we will see a breakout soon and a new ATH. Another scenario with more correction and a bounce back from the next support level around $16. This is a coin with excellent fundamentals and possible 10x potential from here. Accumulate much as you can before too late. This is not financial advice; please DYOR
Long
by CryptoCafeClub
Ford Motor Co. (F) Overall Macro Trends & Bullish Case for ATHsThis a fairly long video on Ford Motor Company NYSE:F and the overall macro trends I see in its market. I am long on Ford and this is my bullish case-video and DD. I hope you enjoy! NYSE:F . This is also my first voice over video, so please be kind and let me know if there is ANYTHING you disagree with on the charting aspect of the video or otherwise. Identified: 1. Falling Wedge 2. Ascending Rising Channel 3. Ascending Broadening Wedge 4. Levels of Support 5. Levels of Resistance 6. Breakout Zones 7. Overall Options-Chain Sentiment Tools Used: 1. Trading View 2. Google 3. Unusual Whales 4. www.ford.com 5. My brain Indicators Used: 1. Weekly Candles to find levels of support and resistance - keeping it simple Could Ford be on the verge of a breakout? How is Ford fitting itself into the EV future? What does the big money say about Ford? After careful study of Ford NYSE:F I have come to a bullish conclusion that this stock is getting very close to all time highs. There are 3 major overall macro BULLISH patterns at play that I have highlighted in my video. 1. Falling Wedge 2. Ascending Rising Channel 3. Ascending Broadening Wedge NYSE:F We are possibly about to enter into a breakout zone with NYSE:F as a Broadening Wedge breakout is forming right now. This Broadening Wedge breakout could propel Ford out of its Ascending Channel, which itself was used to thrust Ford out of its Falling Wedge. This is my mind is BULLISH. Please watch the video for more details on my case of Ford reaching new ATH and when that could potentially happen. Any feedback is greatly welcomed! I am long on Ford F
NYSE:FLong
by OccamsPhazer
4
Possible Falling Wedge on BTCUSD Hourly chartJudging by market movements the last few days, it would seem a falling wedge has developed on the hourly chart. Falling wedges are obviously quite bullish, and can indicate a bullish break to the upside - and based on Bitcoin's fundamentals, my bias is certainly leaning toward the case. Based on the traditional pattern of a falling wedge breakout, we should see a target of around the $69,000 zone, with some sideways movement, before our next leg up. LFG!
BITSTAMP:BTCUSDLong
by JamesPrestonZA
NZDCHF BULLISH CONTINUATION FROM KEY LEVELNZDCHF is very bullish from the beginning of October. Setting a new high last week the price retraced to a key level. Retesting key support the price started to grow. Bulls managed to violate a falling wedge pattern, and duplicate the bullish breakout. Expect new wave upward to the key resistance level. The bias for the NZD remains firmly titled to the upside, and as rates keeps rising Also note that the RBNZ delivered on expectations to raise the OCR to 0.50%. As the hike was already fully priced, the lack of new hawkish tones we saw a textbook buy-the-rumour-sell-the-fact reaction in the NZD pushing lower. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses
Long
by legacyFXofficial
AMC Possible Bullish HammerToday AMC experienced a volatile strong start all the way to $41.94 which was near my .618 resistance although I was wrong because I thought perhaps $41.10 was more of the resistance. And then dip harshly today. Even so today AMC played my falling wedge. Now with today price action $AMC broke down the bull liquidity zone of $39 to $38.82 in the last 30 minuts but was quickly recover in the last 15 minutes and closing at $39.23. Interesting I notice a bullish hammer today closing of the the 30 min chart at $39.23 similar to the closing red candle that close at $39.15. What I expect tomorrow is a strong reversing. Otherwise any more lower dips either cause a falling wedge extension or I have to readjust. I will adjust if any changes occur.
NYSE:AMC
by gojira91
1
AMC: Falling Wedge: A New Higher Low:We saw a symmetrical triangle as one of the possibility it will form. I did notify about a bearish divergence. As I expected it retrace back around $41 today. In the last 1.5 hours I was giving a glimpse of dipping red price. Is this the first sign of a falling wedge? What I expect this week? I expect a volatile week trapping both bulls and bears. What I want to see is the price goes back to $42 trapping the bulls and then smacking down. This will confirm a falling wedge. If not it will go much higher. So if a falling wedge is to be form this and next week in the 30 min chart. I expect the new higher low to be $38 trapping the bears. Beyond that I am bullish. Anything below $37 will break this pattern.
NYSE:AMC
by gojira91
2
Head And Shoulders plus Falling WedgeThere seems to be a couple of clear patterns that compliment each other. Both a head and shoulders and falling wedge, Once the falling wedge is broken clearly with confirmation i expect we will complete the right shoulder of the pattern. Neck has already been confirmed at 1689. Expecting a minimum of around 1900-1950 for the peak of the right shoulder before returning to 1689. Maybe more useful for short-medium term traders but even if you're a day trader its always good to know which was the wind is blowing. Remember, always DYOR. Trade Safe.
FX:XAUUSD
by Yushghost
Falling Wedge is in Control of FET/BTC #FET $FET Here you can clearly see we are in a Falling Wedge - but this will break Bullish because it's part of a Bullish continuation in an uptrend on our FET daily chart . We are very near the end of this wedge structure and will be breaking upwards from it . Notice there is very low volume now near the end of this wedge - that is actually confirmation of our wedge . A big volume burst should happen on breakout - and it's very possible there will be retest of that line after breakout . But then we should continue back up at least to the previous recent highs - and beyond . By the end of October this should be going up again. Of course our previous triangle structure got invalidated - that happens sometimes - but this Wedge seems valid and I believe this will play .
Long
by shimmeringpath
4
Apple Reversal sign, Falling Wedge Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The Apple stock turned Bearish back on September 8, The value of the stock was in the 157.13 zone and dropped and hit 138.40 yesterday almost a 12% drop in a short period of time. AAPL has an average volume of 77287300. This is a good sign as it is always nice to have a liquid stock. It seems that the stock is trading in a Falling wedge pattern which indicates a reversal soon, (Falling wedge in a downtrend is a sign of a Bullish reversal) the stock right now is trading at 142.00 with different technical indicators showing a bearish short-term trend but a Bullish long-term trend, It is expected that the market will turn Bullish as soon as the market breakout of the falling wedge pattern. Possible Scenario for the market : The stock is trending at 142.00 today, if the bearish trend continues then we will see the stock price reach the $138 level or even the $132 before breaking out of the wedge pattern, where the trend will pick up and start moving back up to the $157 zone. Technical indicators show : 1) The market is below the 5 10 20 50 MA and EMA but still above the 100 and 200 which indicates a Bearish short-term trend but Bullish long-term trend. 2) The MACD is below the 0 line which indicates a Bearish market for now, With a negative crossover between the MACD line and the Signal line. 3) The STOCH bounced from the oversold zone which indicates a rise in price soon, and a positive crossover is happening between %K and %D. Weekly Support & Resistance points : support Resistance 1) 139.18 1) 146.03 2) 135.72 2) 149.42 3) 132.33 3) 152.88 Fundamental point of view : AAPL's Return On Assets of 26.32% is amongst the best returns of the industry. AAPL outperforms 96% of its industry peers. The industry average Return On Assets is 1.78% and the stock Profit Margin of 25.00% is amongst the best returns of the industry. AAPL outperforms 96% of its industry peers. The industry average Profit Margin is 3.14%. It's always good to know that the Altman-Z score of 7.43 indicates shows that AAPL is not in any danger of bankruptcy at the moment. Apple stock weighs around 6.1% in the S&P 500 index, so it is important for the whole broad stock market picture. Since early September it has been declining from the record high. Recently, the stock broke below the support level of around $142, marked by the previous local lows. The $142 price level is acting as a resistance level right now. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !!
NASDAQ:AAPLLong
by GabiDahduh
6
SLP/USDT TRADE SETUP!Hello everyone, Welcome to this altcoin trade setup. If you didn't follow me yet then hit the follow button now for more latest updates and profitable altcoins setups. Let's get to the chart. SLP is breaking out from the big falling wedge channel and currently facing some resistance. If you want to buy SLP then I"ll recommend not to buy here because it's already 20-30% up. Wait for a little pullback then you can buy some. Best entry range:- $0.06-$0.08 Target1:- $0.12 Target2:- $0.18 Target3:- $0.27 SL:- $0.54 If you like this idea then hit the like button and also share your views in the comments section. This isn't financial advice. DYOR before investing. Thank you!
Long
by CoreCrypto1
4
What are Falling and Rising Wedge Patterns?What Is the Wedge Pattern and Its Common Characteristics? 1. Wedge patterns have converging trend lines that come to an apex with a distinguishable upside or downside slant. a. Wedge with an upside slant is called a rising wedge b. Wedge with downside slant is called falling wedge 2. It has declining volumes as the pattern progresses. 3. It breaks out from one of the trend lines. Why We Should Pay Attention to Wedge Patterns? Some studies suggest that a wedge pattern will breakout towards a reversal rather than a continuation more often than two-thirds of the time. Therefore as the rule of thumb, people generally treat a falling wedge as a bullish pattern and a rising wedge as a bearish pattern, especially a falling wedge would be a more reliable reversal indicator than a rising wedge. Since we know a wedge pattern has a higher probability to reverse and due to the fact that the price of wedge pattern converges to a smaller area, we can trade the reversal set up with a relatively close stop loss to its entry price, which provides us with a good trading opportunity with a decent Risk:Reward ratio. Examples of a Bullish Rising Wedge and Bearish Falling Wedge. Sadly, there is nothing that works 100% in trading. Not every rising or falling wedge will reverse as one might expect. Every trader must properly manage their risk by setting stop losses and not just trading based on price patterns. Below are two examples. Bullish Rising Wedge (ETHUSDT during 15/NOV/20 - 28/DEC/20) In the early stages of the epic 20-21 bull market, if traders blindly treat the rising wedge as a bearish signal and trade accordingly, they would pay a heavy price. Bearish Falling Wedge (LTCUSD during 14/AUG/18 - 14/NOV/18) On the contrary, in the late stage of the 2018 bear market, any trader who blindly trades the falling wedge to bet on a reversal would also learn a hard lesson. Comment down your thoughts on Ascending Triangle Pattern in the comment section. Disclaimer: This is just an educational post. Never trade just any pattern. And please do your research before making any trades. Happy Trading!
Education
by Coinlog
7