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Rising Wedge

OP - Similar signs to BTCWas I wrong about OP back in December? Yep. I sure was. I'm not afraid to admit it, either. Nobody is right 100% of the time and if they claim to be, they're lying to you. Alright, now that we have that behind us, lets look at OP from a purely tecnicaly perspective. I'm going to focus on the wavemaster and the momentum indicators and check the confluence they have with each other here on this 4h timeframe. The red eyes on the chart are displayed when buy or sell signals formed on both indicators. The most recent orange eye happened to occur when the wavemaster indicator signaled a sell, but the momentum indicator showed that we weren't at the top of the momentum channel (not displayed). We're also starting to see some signs of bearish divergence on these higher timeframes and we're also starting to see patterns of higher highs and higher lows with some compression evidence as well. I'd rather wait to see how the formation breaks vs trying to just simply short here and hope for the beest. If you tried to short back in December, for instance, and had no risk management, your face got ripped off completely. At least exit with some dignity and know when you're wrong. Leave the asset and move on to something else if you're wrong. You can always come back and revisit another day which is exactly what I am doing with OP now. I walked away, let it go nuts, and now I'm back watching the formation to see what is coming next. I'll continue to wait. The formation we're in typically resolves down, but we'll have to see what BTC decides to do and see if alts follow suit. Pay attention to USDT.D and BTC.D on higher timeframes. They'll give you the first clue as to what the market wants to do.
by bitdoctor
Technical Analysis on the EUR/USD and what to look forward toFX:EURUSD We take a look at what the EUR/USD may do going forward and how the current short positions unfolded. We have made a nice and steady decline into the main Pivotal zone and the question now is, do we stay short or watch for buyers to come back into the market and swing momentum back to the upside. In this Video, I describe the thought process and outlook on what price action may be showing us next. Hope you enjoy the video and analysis.
by InternalTraderNYC
2
Bitcoin - 30k next stop, then big crash! (whales plan) This is a strategic plan on how to play the upcoming price action on Bitcoin in the next few weeks. As a trader, you have to see it! As we can see, Bitcoin pumped with a strong impulse in previous days, and the 30k level currently acts like a magnet because there is no resistance on the way up other than this. You probably want to trade with the trend, so I would recommend only long positions to increase the probability of a successful trade. I've been using this strategy since the start of January, as you can see on my profile. After we hit 30k, there will be a tremendous dump, and this dump you can short. We have a lot of confluence to short bitcoin in this region; see my previous analysis in the related section down below for more info. After we hit 30k, Bitcoin will take a break, and we should see an alt-season. Of course, there will be an initial dump for the whole crypto space first. So make sure you know what to do! 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. The price has been moving in the ascending parallel channel on the log scale. This channel is very well respected, and it's very important to watch it because if it breaks, then the uptrend will be exhausted. Make sure you follow me, because I will warn you if this happens! You want to stay updated. You can see my Elliott Wave count on the chart; we are in the 5th wave of the first major impulse wave to the upside, which is a sign of a huge bull market. Bitcoin could reach 130,000 USDT in 2025 and even more. Thank you, and for more ideas, hit "Like" and "Follow"! All of the reasons to take profits or short bitcoin above 30k can be found here:
Long
by UnknownUnicorn2537518
137
Cardano Wedge turbulent developmentHey trader! This analysis is based on the idea of a bullish wedge with a strongly experienced resistance. As the wedge indicates, the price undoubtedly has the potential to rise and assume a higher return. However, according to fibonacci, there is also a strong resistance area experienced which can affect the current price of Cardano. These mentioned resistance levels are located at 0.4855, 0.4606, 0.4398 respectively. The strong resistance can therefore send the price out for a free fall until it will land at a support level (0.2996) to identify itself by another current price loss and brake the support level at 0.2654. However, after this hyper development in the price, Cardano has a high buying power at the support levels where it could potentially record a bullish trend and fresh price target for Cardano.
Long
by Aksel_Rom
LTCUSDT is testing a key level right now!Litecoin had a false breakout from the weekly support in the 47$ area. The market grabbed new liquidity and started with a consolidation phase until a breakout of the daily resistance of65$ area. The market is creating Higher High and Higher lows after a sweep of liquidity on 80$ area. How we can approach it? At the moment the price is testing a key level, not a trade zone for our Strategy, but I add it to my watch list. The market is creating a potential Rising wedge, between the weekly support. I'm watching the 80$ area resistance and 70$ area support. If the price is going to have a breakout from the support and retest it as new resistance, I'm going to look for a new short opportunity applying CPS strategy, otherwise, if the price is going to have a clear breakout with volume and confirmations, I could apply the MTB and CPS strategy with a possible target on first supply zone
by InkyGrip
11