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Rising Wedge

EURGBP: Buy the rising wedgeHello Traders! Welcome back to another trade with analyst Aadil1000x. Today there is a nice bullish pattern in eurgbp and it's called a rising wedge pattern. This pattern is popular as a strong short pattern and that's good because when they sell we buy. It does not matter how others are doing we will make money by buying a rising wedge. Also, it's never a short pattern. Wait for a clear pattern before buying eurgbp. Don't forget to hit the like button and follow to stay connected.
Long
by Aadil1000x
Mini Altseason2023 has started)). Hi dear community and my loyal followers. Are you waiting for your altcoins to burst and explode? Do you want to know when mini altseason2023 starts? Let me update some ideas. As you see BTCD reached to the key weekly resistance zone 48.5-49% and rejected strongly with potential weekly shooting start or bearish pinbar. At the same time daily BTCD broke down rising wedge with bearish divergence and more likely will retest 44-45K support zone giving room altcoins to explode after long term accumulation phase. At the same time Total 2 broke weekly descending triangle, retested it successfully, and broke also main diagonal and horizontal resistance. Weekly candle close above 620 billion is super bullish for altcoins with target 1 and target 2 mentioned on the charts. But Target 2 will be reached only if price clears target 1 and holds it as a support. If you like my ideas and analyses, don't forget to like and follow. I will appreciate a lot.
CRYPTOCAP:BTC.DLong
by ergal91
BTC forming a massive rising wedge! Here's a quick look at the BTC 8 hr chart. Upon closer examination, it appears that the current market price has been constructing a larger rising wedge pattern. Should the price maintain its position within this particular formation, the most probable course of action would entail a subsequent decrease in value. Furthermore, it is worth noting that the resistance level lying between 31k and 32k holds a significant degree of importance in the current context. In the event that this resistance barrier is breached, it is highly likely that the price will proceed to reach the 35k threshold. However, if the price instead breaks out to the downside from the rising wedge, a drop to 25k would seem to be the more plausible outcome. Therefore, it is crucial to keep a close eye on the movements of this wedge pattern. ------------------------------------------- Recent Altcoin trades: ARB / USDT: 30% profit ------------------------------------------- About our trades: Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!) . Our TradingView page serves as a testament to this claim, and we invite you to verify it! ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Short
by MBM_Crypto
8
[SHORT] Solana setup on 4H tfSolana is developing a rising wedge pattern in the 4H timeframe with several attempts to break but failing to close outside of the pattern. Wait for a 4H close for confirmation or near the top of the wedge if you feel confident on the pattern. Condition to enter: a 4H close below the ascending trendline SL: $24.05 @ a close below $21.10: move SL to entry, at this point is a free ride. target 1: $18.90 target 2: $17.90 target 3: $16.25 R:R ~3.6 enjoy!
Short
by helpfulPear98930
Rising Wedge: Bitcoin Reaches Top Trendline for the Third TimeAs a follow-up to my previous update on the rising wedge situation with Bitcoin, I'd like to share some new developments and provide some educational insights on trading within this pattern. BTC has now reached the top trendline for the third time, and if we're going to see a downward movement, it's likely to occur from this point. A rising wedge is a bearish chart pattern characterized by converging trendlines connecting higher highs and higher lows. While it can occasionally break to the upside, the typical scenario is a breakdown, which can offer traders a potential shorting opportunity. Trading a rising wedge involves closely monitoring the price action around the trendlines. As the price reaches the top trendline, like we've just observed with Bitcoin, traders should consider several factors to catch the supposed top of the trendline: Look for reversal signals: Keep an eye out for candlestick patterns that indicate a potential reversal, such as bearish engulfing or shooting star patterns. These may signal that the price is about to turn down from the top trendline. Assess the trading volume : An increase in trading volume as the price approaches the top trendline could suggest that the market is preparing for a reversal. Conversely, if the volume remains low, the pattern may not yet be ready to break down. Notice the spike in volume in the last 4-6 hours. Monitor support and resistance levels : While the trendlines in a rising wedge are essential, it's also crucial to pay attention to horizontal support and resistance levels. A break below a significant support level can provide confirmation that the price is likely to drop further. Employ risk management : When trading any pattern, it's essential to use appropriate risk management strategies. This includes setting stop-loss orders above the top trendline to protect yourself if the price continues to rise against your short position. Now that BTC has reached the top trendline for the third time, it's essential to keep these factors in mind when considering a short position. If the market does indeed turn bearish from this point, traders who have prepared and employed solid risk management strategies will be in a better position to capitalize on the potential downward move. As always, I'll continue to monitor the market and provide updates on any significant developments. Remember, trading is all about understanding patterns and managing risk, so stay vigilant and make informed decisions. Happy trading!
Short
by bitdoctor
1
Bitcoin - Rising Wedge - Break Out TradingAs a cryptocurrency enthusiast and trader, I'm excited to share my technical analysis on Bitcoin and its potential movements this week. With the full moon approaching on Wednesday night, we may witness some increased volatility in the market. Although it may not necessarily set a new trend, I am confident that we will see some action in the days surrounding this event. One crucial aspect I've been monitoring on the Bitcoin chart is the formation of a rising wedge. For those who might be unfamiliar with this term, a rising wedge is a bearish chart pattern that consists of two converging trendlines. The upper trendline is ascending, while the lower trendline is also ascending but at a steeper angle. This pattern indicates that the price is experiencing higher highs and higher lows, but the narrowing range suggests that a potential reversal may be on the horizon. Currently, we have a few touches on the rising trendline, and we're in the process of defining the lower trendline. If we see a drop at the beginning of the week followed by a push upwards around Wednesday or Thursday, the rising wedge pattern may become more evident. When trading a rising wedge, it's crucial to focus on the breakout trade and wait for confirmation. Going long at the lower trendline or short at the top trendline may be tempting, but it is essential to have a clear level of invalidation and quickly change your bias if your leveraged trade is invalidated. This approach helps to minimize potential losses while maximizing potential gains. To sum up, it's vital to trade carefully and prioritize confirmation of the break rather than overleveraging yourself. Protecting your capital is of utmost importance in trading, as it allows you to stay in the game and make better decisions in the long run. While I haven't delved into Elliott wave analysis in this idea, I hope this brief insight into the rising wedge pattern and how to trade it effectively will prove helpful to fellow traders in the cryptocurrency space. Remember, always trade with caution and make informed decisions. Good luck!
by bitdoctor
Time to PLAY SHORT on USDJPY Dear Tradingview family, Symbol: #USD JPY Strategy: #Harmonic_Chart_Patterns, #Anti_Gartley_Pattern, #Rising_Wedge, #Trend_Reversal #Trendline #Support_Resistance #RSI_Bearish_Divergence. Trade Call Type: #Short. Order Type: Sell Stop Indicators: #Price_Action. #Chart_patterns, #Anti_Gartley_Pattern, #Rising_Wedge #Trendline #Support_Resistance #RSI_Bearish_Divergence. #RSI #RichTL Entry: Short when price breaks Lower High after break down of Rising Wedge Pattern. Anchor Time: 4 Hours Trading Time Frame: 1 Hours. Entry price: 132.544 Take Profit: 131.252 Stop Loss: 133.860 RRR- 1:1 Methodology: As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk. Analysis: The current price action on the USDJPY chart is showing a clear Breakout of #Anti_Gartley_Pattern, #Rising_Wedge on 4 & 1 hourly timeframes. Additionally, the Bearish RSI divergence on 4 Hour & 1 hour time frame add value to the strength of reversal pattern. Price action’s this move provides me opportunity to earn some profits on when it is providing a great value of RRR of 1:1. My Sell Stop entry is planned to execute when price action comes down to break patterns. Conclusion: Based on our analysis, I believe that there is a potential trading opportunity for a SHORT trade. Risk Assessment: Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade. Please use Position size calculator to calculate your risk per trade. Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
Short
by The_TradingW0LF
Symmetrical Triangle - Update Posting an update on the SPY here as the markets closed out the week in somewhat of a make-or-break spot. The SPY continued to follow the bearish megaphone that it's been holding for months with its 50-day SMA slipping below its 200-day SMA (Death Cross). However, the SPY is holding a notable rising wedge on the weekly timeframe accompanied by declining bullish momentum as the Heikin Ashi Candles would indicate. The SPY is holding a nice symmetrical triangle on the daily timeframe, with buyers and sellers fighting all week. This comes as the markets head into a big week economically speaking. With the USD sliding and geo-political turmoil rising, the markets are in unchartered territory. Treading lightly here, some RSI-based supply and demand zones to keep an eye on in the interim, bearish and hedged- --Previous Charts Attached Below-- --Weekly Timeframe-- --Previously Charted--
AMEX:SPYLong
by jacobosiason7
Bitcoin to 1 USD - Whales plan revealed! it's over! (99% CRASH) It's over for Bitcoin because the whales started to manipulate the price. But fortunately, I know their plan, which is why I have to share it with you as soon as possible! First of all, whales. They want as low a price as possible because why should they buy at the current expensive price when they can send Bitcoin back and buy it cheaper? This is an analysis of the monthly chart with full history. We need to take the FIB retracement for the whole uptrend and look for the 0.618 value. Whales love to buy Bitcoin at the 0.618 FIB retracement, and in this case, it's 0.80 USDT. FAIR VALUE GAP BETWEEN 0.97 - 1.99 USDT (UNFILLED GAP) is another confluence why we should go down. All gaps tend to be filled sooner or later. The impulse wave from 2009 to 2021 has finished, and we are looking for an ABC correction. No doubt about it at all. The MACD indicator is absolutely terrible. We can see that the histogram was at the lowest level in history, this is not good. What's more, if we take a look at the volume indicator, we can see absolutely low volume. The whales are not buying at all. The whales will send Bitcoin temporarily to zero until there are no orders in the orderbook from retail traders. (It happened with OIL before, so why not?) I hope you like this secret gameplan from whales; do not tell anyone, because it should be only for my followers. Today is April 1, so happy Easter and April Fools' Day! If you think this analysis is for real, then you have been pranked! Thank you, and for more ideas, hit "Like" and "Follow"!
INDEX:BTCUSDShort
by UnknownUnicorn2537518
198
TSLA Break-Out & Fake-Out?Tsla has been consolidating and broke-out of a bullish bullish flag today with weak conviction ... Bulls need to see a big volume break-out tomorrow and regain $200 as support. *Call Wall Options may have prevented Tsla from advancing with a strong break-out $197 is strong resistance + weekly resistance line just above @ $198 $198.84 If Tsla does not open above $198 we may see a drop to test bull flag break-out & gap-fill. Close below $195 Tsla will consolidate until re-testing highs. *Bulls: Tsla is above 8 ema, 20 ma & 50 ma -Cup & Handle on Daily w/ Bullish Flag Break-Out.... Dips are being bought up *APRIL is STRONG Month for Growth & Tech Bears- Weakness compared to overall Bull Run in Tech & Markets - Selling volume has been larger on 1 hr, 4hr, daily. Markets are feeling pretty Frothy Possible Bearish Wedge Pattern...this could be wave a of c in Correction Pattern - lack of testing or either Strong Rejection at $200 could begin wave b. Bearish Divergence on MACD & RSI 1hr & likely forming on Daily if we see the move past $200.66 This could go Bullish or Bearish *Key Points of interest: Key Close above $198.84 / Ability to Test $200.66 & Rection off of that will give us a better Idea of where TSLA Plans to go for the next 3 weeks until next Earnings Current Bias: Neutral to Slightly Bearish
NASDAQ:TSLA
by Black_Sheep1
1
ADT - rising wedge patternWhat we can see on the chart is a rising wedge pattern. The price did not break out of the pattern yet. We are expecting that the price will break down and continue the previous downtrend. The stochastic shows us that the price is overbought but it is not pointing downwards yet. How to trade: Enter the short position only if/when the price breaks down out of the wedge with the volume increase which would be the confirmation. Do not forget about the stop loss to protect your capital.
NYSE:ADTShort
by vf_investment
1
Trading ETHUSD with RSI and Pattern Recognition ⏳Greetings, fellow traders! I have identified a potential 5% profit opportunity on ETHUSD. The RSI indicator suggests that the bulls are gaining momentum in this dungeon of despair 🐂. The RO Flash indicator confirms this bullish sentiment by flashing green 🔥. I have placed a stop loss slightly below the target of the Rising Wedge pattern (kudos to TradingView for the new pattern recognition feature!). Let’s see how this trade plays out…🤞 According to a recent lesson I learned, consolidation near resistance or support levels often leads to a breakout failure. Will history repeat itself? Only time will tell! ⏳ To add more confidence to my analysis, I have also used the Anker Technical Analysis (TA) Kit indicator, which combines multiple technical tools such as moving averages, trend lines, Fibonacci retracements and more. This indicator shows me that ETHUSD is following a strong uptrend line and has bounced off the 50% Fibonacci retracement level. This is a sign of strength and continuation 🚀
COINBASE:ETHUSDLong
by AnkerElite
Bitcoin is retesting a trendline from 2013! (right now) This trendline is 10 years old, and Bitcoin is currently retesting it from the opposite direction. If this was the same trendline on the 1h chart, it's likely to go down at this point. We have multiple touches on this trendline: 2013, 2015, 2015, 2020, and 2022 on the LOG scale. Make sure you switch to LOG scale to see it. So what now? Will the bears step in and send bitcoin to 10k - 15k? Let me know in the comment section. I look forward to your comments! But I want to tell you that this trendline is parabolic, and if it is reclaimed and followed, then theoretically the price of Bitcoin will be around 5 000 000 dollars in 2030, which is absolutely almost impossible, and the higher chance is that this world will end than this. On the chart, you can also see previous halving dates and a prediction for the next halving, which should occur on April 8, 2024. Historically, Bitcoin always goes up after the halving, but we still need to wait more than a year for this event. Meanwhile, we could experience a huge flash crash to liquidate high-leverage traders with a strong and steep rebound back to 30k. Bitcoin is very volatile, and a 50% or 80% crash is nothing. I hope you like this short and juicy description. I don't want you to spend too much time reading, so let's get straight to the point. 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 post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSD
by UnknownUnicorn2537518
83