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Rising Wedge

Bitcoin BTC - Ready for another pump! Wedge + Elliott Wave This is my quick update on Bitcoin on the 4h chart (local price action). Price is still holding the major support zone (21 700 USDT - 22 000 USDT) and that's why my bias is still very bullish! We have an incomplete rising wedge, so there is a great chance for another wave to the upside. As per my Elliott wave analysis - we are basically in the middle of this "huge" Impulse wave! There are a lot of Elliott waves combinations, but i think this is most probable scenario. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" and "Follow"! My second alternative Elliott wave count. We have a leading first wave diagonal here.
Long
by UnknownUnicorn2537518
92
Gold XAU - New bull market just started! Elliott Wave + Channel Gold is currently sitting on a strong support level on the weekly chart! We have a great confluence here - an ascending parallel channel + 200 weekly moving average + bullish rectangle. 200 weekly MA is considered as a very strong support by huge institutions and hedge funds. ABC correction + Wave (4) have been completed, so we can start a new impulse wave from here! I think this will be the final impulse wave and then we can go back to retest the rectangle from the upside. You can place your profit target to the TOP of the parallel channel, but do not forget to switch to a LOG scale. Look at my ideas about Bitcoin and Ethereum in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
OANDA:XAUUSDLong
by UnknownUnicorn2537518
25
BEARISH ON SPY-currently forming a bearish rising wedge -lower highs in supply zone from 385-393 - ultimately bearish since FOMC is 7/26-7/27 and J. Powell was considering another 75 BPS hike -looking for a reject at 385 to then come down to retest 373 again -crossover of the 20/50 SMA at 10:30 July 14-15 on the 4HR chart IF SPY pushes above trailing resistance line from 393-383 then this bearish set up has failed I will only swing a put if we close at 383.70 or under Always trade your own plan ;) Sincerely Kai D3 Trades <3
AMEX:SPYShort
by Kailonid3
BTC: FORMING BEARISH PATTERN IN LTF! STAY CAUTIOUS!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is forming a rising wedge pattern in 1hr time frame which is generally a bearish pattern. Although, it is still inside the wedge but once it breaks below the wedge we can expect a drop up to $19k-$19.5k level. Invalidation level:- If any hourly candle close above $21,200 then this chart becomes invalidated. if you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Short
by CoreCrypto1
6
Ethereum ETHUSDT - Complete Elliott Wave + Rising wedge (weekly)- Ethereum is forming a rising wedge on the weekly scale, but there is stil missing a last 5th impulse Elliott wave. - The price is sitting on the 200 weekly moving average, it is good practice to think of this MA as a zone and not a level. - 200MA is considered as strong support by huge hedge funds and institutions and is probably the strongest MA on macro scale. - If we take a look at the RSI indicator - it is on the level of "strong buy" by historical data. - The RSI indicator is showing a nice trendline, which we can watch and potentially buy a breakout with confluence with other indicators. - Also the RSI helps us to identify first and third impulse wave by looking at the divergences. - As per my Elliott Wave analysis - Ethereum is deeply missing a 5th impulse wave, so i think the bull market is imminent. - Next impulse wave target is 10 000 - 20 000 USD per ETH. - Look at my idea about Bitcoin (complete Elliott wave) and TOTAL crypto cap in the related section down below ↓ - For more ideas please hit "Like" & "Follow"!
Long
by UnknownUnicorn2537518
7
LTCUSDT had a breakout from the rising wedgeThe price is testing the 4h support on 51$ after a breakout from the rising wedge and 4h resistance. The price could have a pullback on 0.382 Fibonacci level in order to grab more liquidity for a new bearish impulse. How to approach it? IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
USDJPY, Retracement Before The Next Leg Up?The dollar is in a strong uptrend against the Japanese Yen, however, it seems it's time for a retracement. On low time frames, the price has formed a rising wedge that is now confirmed. The pair broke through the lower boundary and probably will continue down until the next support, which is near 133. We should see a bounce once the price reaches this zone. If the dollar continues dropping after that, the main support at 130.5 should hold and USDJPY should rebound. So the idea here is to buy the dip, when reversal signs appear on lower time frames.
ULong
by djukic.nebojsa
APEUSDT is creating a rising wedgeThe price is testing the daily resistance after a bounce in the 3$ area. On the 4h timeframe the price is creating a rising wedge on it and testing the 0.886 Fibonacci level, it's a key level. How to approach it? IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
10