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Risingbroadeningwedge

#XTZ Tezos 1D Chart - Trendline TouchXTZ - follow the trend. It seems that we are at the bottom trend line of the Rising Broadening Wedge. Though these are generally bearish patterns, XTZ may have the opportunity to reach the top part of the wedge next. To increase this chance, I noticed hidden bullish divergence on the 1D chart along with consistent market structure with higher lows. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
BITFINEX:XTZUSDLong
by MillionaireEconomics
5
The 'Wildcard scenario'- BTC log scale revealing incoming dump?Remember that big rising broadening wedge that BTC broke down from but not really that hard and then came right back into it? Well it turns out that it still hasn't been violated in the logarithmic price scale, and its support (now resistance) is really really close to where we are holding right now.. What does this mean? Well at the very least it means that btc will probably have a descent amount of sellers at that line, but it also means the a downwards rejection from that line is a very likely scenario. What do you think about this pattern? Could BTC get rejected so hard that it could break 10k to the downside again? Is this just the beginning of a big bear period that takes BTC all the way down to the 2k-6k levels? Is none of these things going to happen and BTC will just ignore that line and pump to 19k? I honestly have no clue, but you go ahead and write your opinions in the comments!
COINBASE:BTCUSDShort
by jambalulu
The 'Wildcard scenario'- BTC log scale revealing incoming dump?Remember that big rising broadening wedge that BTC broke down from but not really that hard and then came right back into it? Well it turns out that it still hasn't been violated in the logarithmic price scale, and its support (now resistance) is really really close to where we are holding right now.. What does this mean? Well at the very least it means that btc will probably have a descent amount of sellers at that line, but it also means the a downwards rejection from that line is a very likely scenario. What do you think about this pattern? Could BTC get rejected so hard that it could break 10k to the downside again? Is this just the beginning of a big bear period that takes BTC all the way down to the 2k-6k levels? Is none of these things going to happen and BTC will just ignore that line and pump to 19k? I honestly have no clue, but you go ahead and write your opinions in the comments!
Short
by jambalulu