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Rising Wedge

Bitcoin - will crash to 10,000! (Proof here) 10k in April 2024? This is not sci-fi, but a real scenario that is probably going to happen! Make sure you are ready for what is coming. In this analysis, I will tell you all of the reasons. Bitcoin is extremely weak compared to the stock market or gold. While gold almost hit an all-time high, Bitcoin is near its low from November 2022, which is 16K. The current price of Bitcoin is 26k, and the previous all-time high was 69k. Compared to gold, Bitcoin should be worth 60k at this moment, but it's not. A few days ago, we had a massive sell-off, not only on Bitcoin but on all altcoins. The charts on the majority of altcoins look absolutely bearish. We have entered a new bear market. No coin from the high-cap category looks bullish, to be honest. From a technical perspective, the price is now below the 200-week simple moving average and also below the 20-month simple moving average. The bulls are not strong enough to sustain the uptrend, so it looks like the bears are in full control again, and it can be really nasty. I can see another 70% crash on DOGE and SHIBA. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. 10k is definitely a strong support that should hold! I believe this will be the bottom on Bitcoin because we have the 0.618 FIB retracement and the neckline of the head and shoulders pattern from 2020. On the chart, you can see my Elliott Wave count. Pretty much every Elliott Wave trader has bullish and bearish scenarios prepared. This is clearly my bearish scenario. Bear market 2022: impulse wave 12345; bull market 2023: triple three WXYXZ; bear market 2024: impulse wave. We can complete the ABC correction in April 2024. Let me know in the comment section what you think about a crash to 10k! Are you prepared or all in? Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDShort
by UnknownUnicorn2537518
167
💱EURCAD - Symmetrical triangle before the impulseEURCAD stops near strong resistance and on the background of bullish trend the chart is forming a pattern that can form both upward and downward momentum TA on the high timeframe: 1) Globally, a bullish trend is visible, but before strong resistances the price stops and forms consolidation 2 Consolidation is forming between key liquidity areas TA on the low timeframe: 1) A symmetrical triangle is formed against the background of a bullish trend 2) Positive aspects of this pattern are that it is clear where to open trades (border breakout). 3) But, at the same time, in a bullish trend the price can break the support of the pattern and we will see a correction. 4) It is not important for us which of the borders will be broken, we need to wait for a signal, and it will be a breakout of the border with subsequent consolidation below or above the line. Key support📉: lower triangle boundary, 1.47000. Key resistance📈: upper triangle boundary, 1.47978
Long
by AndeWave
6
Bitcoin is starting to crash to 20,330 USD! (emergency) The major uptrend from 15500 to 32000 is over, and the bears are stepping in! I expect 20330 to be hit in the next few weeks, so make sure you are prepared for it! We can clearly see that the major trendline / parallel channel is breaking down! The price is below the trendline, and what's more, if we take a look at altcoins such as ETH, it confirms this analysis! We have finished the first cycle (1) of a huge (1)(2)(3)(4)(5) impulse wave. Now we are in cycle (2), which will send the price of Bitcoin to 20330, according to my technical analysis. Why 20330? We still have the unfilled CME GAP, which you know because I have been talking about it for more than a few months. Also, we have the 0.618 FIB retracement in confluence. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. From the Elliott Wave perspective, waves marked as (1) have usually deeper retracements, such as 0.618, 0.764, or almost 1:1. It also tends to fill previous gaps because breakaway gaps usually appear when wave (3) starts. It took 234 days for wave (1) to be completed. Compared to the stock market or gold, Bitcoin is struggling this year. Gains were overall pretty low. Bitcoin has been going sideways for a long time, and the direction is unclear. The volatility index on Bitcoin is at extreme lows, so a big move is expected! A big pump at the current price doesn't make too much sense. But a big dump is definitely on the table. Let me know what you think about BTC in the comment section! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
243
BTC: AT DESICIVE POINT!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is still at the same range of FWB:29K level. It is forming a rising wedge-like structure in the daily time frame and currently, at the lower trendline of the wedge. If it breaks down from here then expect a big dump in the next month. If it holds the lower trendline and bounce then we might see another small pump up to FWB:31K -$32k but this scenario is less likely IMO. We have strong support at around the FWB:25K level. So there is a high chance that we visit the FWB:25K level before any big upside move. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
2
XRP - Time to buy for a 500% profit! (now) XRP is currently retesting a major trendline from 2022, and this retest is exactly where you want to buy this coin! This trendline is also part of an ascending parallel channel on the daily chart, which strengthens the support. What's more, we have had a strong 0.618 FIB retracement on the LOG scale. We hit this level almost to the dollar, so if you bought at this level, congratulations! I share my trades transparently and post trade setups privately. We also need to take a look at the volume indicator. Clearly, since the downtrend finished in 2022, the bullish volume is overwhelming. That's definitely positive, and XRP could reach much higher levels in the next few weeks and months! Now the most important question is: what is the profit target, and where do I take it? To answer this question, we need to take a look at the market caps of XRP and BTC. The current market cap of XRP is $33,134,349,311 and that of BTC is $574,121,632,744. The market capitalization of BTC is 17x higher than XRP! This means that XRP could theoretically make a 1500% profit and still be number 2. But be optimistic and stay with a 500% profit because it's possible that XRP will go through a 1-year consolidation period before another huge pump. So you want to use your money on something else if it happens. From the Elliott Wave perspective, this is really a strong setup. We have a nest (1-2-1-2), which is a bullish base. Now we are waiting for the 3rd wave to finish. XRP won the SEC case recently, and that caused a 100% pump in a few days. New developments are good and positive, so I don't see any reason why XRP should go down. We will take a look at all profit targets from a technical perspective in the next update on this post tomorrow. Thanks for reading! I hope you learn something new, and let me know your thoughts in the comment section!
Long
by UnknownUnicorn2537518
115
💱USDJPY - Bounce from the level before resistance breakout USDJPY is testing the resistance of the ascending channel and the resistance of the 144.897 range. On the local timeframe, the price is preparing for a breakout and further growth TA on the high timeframe: 1) A retest after a month, and a quick approach to the level may give a bounce down, for example to 143.7 2) Price has stopped and is forming a decrease in volatility, most likely the consolidation phase begins, another retest of resistance may follow. TA on the low timeframe: 1) Price is sandwiched between rising resistance and rising support line, but at a less acute angle. 2) Buyers continue to make an onslaught on the resistance 3) The price may break the resistance after the next retest. Key support📉: 144.3, 143.7 Key resistance📈: 144.69, 144.89
Long
by AndeWave
8
EURUSD - Huge uptrend is ready! (prepare longs) EURUSD is still extremely bullish because the price is above the 200-day daily moving average and also above the major white trendline. Trend is your friend, so we want to take only longs! The price is also inside this ascending parallel channel, and I expect another push to the upside to test the upward trendline of the channel. It's possible to bull-break this channel! In the last 2 weeks, EURUSD has been going down, but it's just a re-test of the previous 2 trendlines. We needed this pullback for continuation to the upside. The retest was a great buying opportunity, but of course you can still enter the market at the current price if you find a good setup on lower timeframes. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. When trading EURUSD, we need to consider the DXY index. This index is pretty bearish, and I will probably do an analysis on it as well, so make sure you follow me for more updates! The MACD indicator tells us that the trend is rolling over from bearish to bullish again. The histogram is ticking to the upside, which is of course a bullish sign. In conclusion, I am bullish on the euro, and I would take only longs for the next few weeks! Thank you, and for more ideas, hit "Like" and "Follow"! I post ideas mainly on BTC, so if you want more EURUSD ideas, support with like and comment, so I know I should continue!
Long
by UnknownUnicorn2537518
71
Bitcoin prediction 2028 (Fibonacci channel, must know)! This is my projection for the next 5 years. Bitcoin always rapidly grows after the halving event. But around 16 months after the halving event, Bitcoin started to crash significantly. On the chart, we can see a very important Fibonacci channel on the LOG scale. The 0.618 FIB is always a strong level, and bitcoin hit it almost to the dollar in 2022. Take a look at it! We deeply need to keep this Fibonacci channel in mind. The strongest FIB levels are 0.618 and 0.382. 0.618 + 0.382 = 1. Bitcoin loves these Fibos. Please do not expect some big parabolic phase to reach 500,000 USD in the next few months or years. This is not going to happen because you are too late for the exponential party. 100,000 - 120,000 in 2025 is a realistic target! Bitcoin is a good investment, and you can trade the major cycles. Buy low, sell high. It's easy to say, but it's not that easy for the majority of market participants. As per my calculations, the price of Bitcoin will be 1 million USD in 2044, which is 21 years ahead. In approx. 2140, all Bitcoins should be mined, and there will be no new BTC mined at all. Miners will receive rewards from the transactions of chain users. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"! Bear markets and crashes: 2011 - 93.75% 2014 - 86.94% 2018 - 84.22% 2022 - 77.57% 2026 - 71.67% ?
Long
by UnknownUnicorn2537518
119
Bitcoin - Bart pattern + Comment your altcoin!Make a comment with your altcoin below this idea, and I will give you my opinion/analysis of it in reply! Make sure you hit the boost button as well to participate. I will answer your comment with an analysis for you on the weekly/daily chart (long term). I start my analysis with Bitcoin: The bart pattern is a new type of chart pattern that occurs specifically on Bitcoin but sometimes also on other coins. It's something like pump and dump, but at the top of the pattern we have a sideways price action that looks like a Bart's head. Usually August and September are the most bearish months on Bitcoin, so I would not be surprised! Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! When we look at the daily chart, we can see an ascending parallel channel with 3 touches at the bottom. This indicates to me that the bulls are losing steam because they are unable to make a parabolic uptrend! There is still a possibility of going up to 32k - 33K in the short term, but this is something I don't want to speculate on. And even if Bitcoin could pump to these higher levels, the crash would follow either way. My Elliott Wave count suggests that a deep retracement is on the way up back to 20k or 21k, which is definitely a good price to buy as much Bitcoin as possible and prepare for the new bull market in 2024 and 2025. Also, you can open a long-term leveraged position on futures in this zone. We still need to wait around 8 months for the halving event, and that's plenty of time for a crash. We have a lot of unfilled FVGAPs and a CME GAP below the current price. They are going to be filled sooner or later. If we take a LOG fibonacci retracement from 16.3k to 31.5k, we can see that the 0.618 golden ratio is at 20303. The whales really like to buy BTC at this specific Fibonacci level, as it has the highest successful rate of all Fibonacci levels. This bart pattern looks pretty funny, but if you are on the wrong side of the market, it's definitely not funny. The price moves extremely fast, and you can wake up into a massive red dildo. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
356
ETHUSD → Correction, after which growth to 2000 may be formedBITSTAMP:ETHUSD continues to form a bullish price channel, as evidenced by the MA-200, which accompanies the trend support. The price is forming a correction and breaking the support of 1846, thus marking the next target before further growth Ethereum is forming a global flat 2021 - 1700. Support 1728 plays an important role for us and there is a high probability that the price may test it in the near future. But we are primarily interested in the support of the ascending channel. The cryptocurrency market after active strengthening has moved to the correction format following bitcoin. There are no particularly key fundamental factors on this basis, as many nuances speak about the increasing interest in this market. The price is in a range and in our case we can apply a range trading strategy, which means that in an uptrend we need to look for strong support areas to open buy trades. Support levels: trend boundary, MA-200, 1775, 1728. Resistance levels: 1846, 2021 I expect the correction to continue to the support area of the uptrend, after the retest of which may be followed by a bullish impulse. Regards R. Linda!
BITSTAMP:ETHUSDLong
by RLinda
13
Bitcoin - Huge alt-season is starting! (buy altcoins) Bitcoin dominance is going down, and in confluence with this sideways price action, I expect a huge alt-season! It's a great time to buy some altcoins. We can clearly see that the price of Bitcoin is stuck in this rising wedge pattern. Because of it, generally, there is a higher probability of the price going down, but we still have plenty of time, and the price can stay inside for another 30 or 50 days. We need to wait for the rising wedge pattern to show us the direction. The trendline of the rising wedge is slightly ascending, which is unpleasant to the bulls for a breakout. It tends to make swing failure patterns above the previous high, but you can take advantage of it and short it. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Trading Bitcoin on higher timeframes is currently not worth it because of its low volatility. You can still trade it on an intraday basis. But I prefer altcoins at this moment because the Bitcoin dominance chart (BTC.D) is showing some signs of weakness. Bitcoin broke out of the market structure in recent days but quickly went back up. So we need to be patient. To increase the probability of success, switch to altcoins! Litecoin's halving event is in 6 days, which should send the price to the moon. We will see... I am prepared for it. This is a quick update on BTC; I am not short or long on it. I trade altcoins! Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
138
BTCUSD → Price is forming a consolidation. Retest of 0.382 fiboBITSTAMP:BTCUSD is in the correction phase. The market is forming a decline in volatility to the lows of the last few months. Globally we still have an ascending price channel and a bullish trend. The price is declining to the limits of 0.382 fibo. Consolidation is formed above this line, in this case if the price continues to consolidate near 0.382 in the absence of a bounce, a breakout may follow and the price may decline to 28474 for a retest. A positive sign for us will be a rebound from 0.382 and a breakout of 0.236 with the subsequent consolidation of the price above the level, in this case the bulls will again begin to show potential and form a retest of resistance. The medium-term view of the situation tells us that this technical correction may continue, but not for long. The price is testing the important support area MA50 - 28474. In the long term it is worth paying attention to strong support levels, and secondly to the resistance, because in the uptrend it is worth looking for reversal points and entry points and breakout entry at these areas. Support levels: 0.382 fibo, 28474, 0.618 fibo Resistance levels: 0.236 fibo, 30575 I expect the correction to continue with a possible retest of 28474, but in the long term I expect continued growth to retest 30575 with a subsequent breakout and price movement to trend resistance. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
29
💱CADJPY - We expect resistance retest CADJPY is forming a narrowing range. The outline of a triangle is being formed. The global trend is bullish and prioritizing price may break resistance TA on the high timeframe: 1) 109-104 range is forming. False break of 104 sends price to 109 2) The liquidity area that the market is interested in is above 107.8, most likely price can reach this area TA on the low timeframe: 1) Downside resistance and upside support is forming a narrowing consolidation that is beginning to form a symmetrical triangle. 2) Globally, the forces are tipped towards the buyers, hence the market under trend pressure may break the market resistance. 3) A rebound from support is formed and the market is directed towards 107-107.6 4) We are waiting for growth to the resistance as a priority Key support: 105.85 Key resistance: 107, 107.6
Long
by AndeWave
6
ZENUSDT → Exiting a bearish trend. Growth potential by 15.00BINANCE:ZENUSDT is forming a prolonged bearish wedge. Numerous resistance retests are inconclusive except for the last one. Against the backdrop of falling bitcoin, ZEN is showing strength. The price after testing the bearish trend support consolidates and stops under the resistance at 9.66, forming an ascending triangle. Over the course of several weeks, price consolidates and continues to push up against resistance. At the moment of volume surge, the price moves from the accumulation phase to the phase of realizing the potential. A breakout of resistance and a bullish impulse is formed. A retest of the previously broken boundary or consolidation above 9.66 may be formed soon, which may give an opportunity to enter the market at a better price. It is also worth noting that the price is breaking the moving averages and this may indicate a trend change. Support levels: 9.66, the previously broken trend boundary Resistance levels: 11.4, 15.12 I expect the growth to continue after the breakout of 9.66. Medium-term outlook - strengthening to 15.12. Regards R. Linda!
Long
by RLinda
16
Bitcoin - Bearish 21k target confirmed! (Bart pattern) The Bart pattern is now confirmed, and it doesn't look good at all for the price of Bitcoin! We need to react to the recent price action, and this pattern is breaking down. I would not be surprised if we woke up in the morning and saw a big red dildo! You can say that Bitcoin is still inside the major parallel channel and that we are still bullish, but I can tell you that the trendline has already touched three times, and only a small bounce is expected on the fourth touch. This channel is starting to be overextended, and it looks like we are going to see a huge crash! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. My target is still 21K, as you already know. I am not buying any BTC for the long term until we reach this target. It's a strong support because of the 0.618 Fibonacci retracement and the unfilled CME futures gap. September is usually an extremely bearish month, and October is not the best either. I think the best scenario is if we see a huge, fast crash, so we can buy cheap bitcoin as soon as possible. As per my Elliott Wave analysis, a huge major impulse wave (1) has been completed, and we are looking for an ABC correction. Markets, especially Bitcoin, move in clear waves, and this theory is pretty good for it. I warned you about this Bart pattern in my previous analysis, saying that it's a very possible scenario. This was definitely a good idea, and now the price is going down. I am now bearish on Bitcoin and expect lower prices. Let me know in the comment section what you think! Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
177
🥇GOLD - Wedge breakout and resistance retest Gold is breaking support of the rising wedge and is getting sell signals. On D1, price bounces off range resistance and likely gets downside potential TA on the high timeframe: 1) False breakout of 0.5 fibo gives a sell signal. The price continues to fall 2) During the European session, the price tries to buy back some of the decline, but the resistance area may stop the price TA on the low timeframe: 1) Wedge support breakout. A correction is formed 2) The correction reaches 0.236 fibo and the price makes a false breakout 3) The liquidity area that may be of interest to the market is below 1953 and 1945 - this area may be a target for us. Key resistance📈: 1965, 1972 Key support📉: 1957, 1953
OANDA:XAUUSDShort
by AndeWave
16