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Rising Wedge

Rising Wedge pattern$BTC idea : Another idea for BTC could be that we are created a pattern of a rising wedge on the weekly TF . Rising wedges usually breakdown to the downside . Moreover , if it plays out like this we could be having another bounce retesting the previous ATH and then breakdown . But as mentioned before market is variable and changes . So we could just be falling from here further to the downside without going higher . Which in my opinion , I would be expecting another pump before finally crashing the market , as whales could be looking for more liquidity or placing more shorts .
BITFINEX:BTCUSD
by Trader_Sentinel
EURGBP bearish scenario:EURGBP runs lower yesterday. The EURGBP is following the EURUSD's move and in the process has shifted the bias back to the downside. Investors remain worried that the European economy, which relies heavily on Russia to meet its energy needs, will suffer the most from the spillover effect of the Ukraine crisis. But Bank of England had softened its language on the need for further interest rate hikes should act as a headwind for the British pound and help limit losses for the EUR/GBP cross. In this pair, technical analysis shows a technical figure Rising Wedge. The Rising Wedge broke through the support line on 06/04/2022. EUR/GBP is forming a bearish formation on a daily chart. If the price holds below this level, we will have a possible bearish price movement with a forecast for the next 11 days with a target of 0.82025. According to the experts, your stop loss should be around 0.08513 if you enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial
GJ shortGBP/JPY has created a rising wedge, this typically signifies a drop in price. There is a saying that a rising wedge is falling and a falling wedge is rising. Meaning no matter what the type (reversal or continuation) a rising wedge is bearish and a falling wedge is bullish. Currently the pattern has not yet fully formed, waiting for candles to get smaller with longer wicks into the wedge a bit more. I'm thinking the drop will happen when the tokyo session opens up at 7pm CT. Could drop before that so keep an eye out! TRADE WITH CAUTION.
by Sevsky0
BTC.D BREAKS DOWN! ALT SEASON START!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC Dominance update. Bitcoin dominance is inversely proportional to altcoins means when BTC .D increases Alts starts dumping and when BTC .D dumping, Alts starts pumping. BTC .D affects especially BTC pair altcoins. Bitcoin dominance is breaking down from the rising wedge in the daily time frame and looks bearish. Also, it breaks below the 21D ma which is also a good sign for Altcoins. The Green dotted line shown in the charts indicates the support level. I'm expecting the Bitcoin dominance to reach the 40 levels again and we might see a good Altcoin season in the 2nd quarter of 2022. IMO it's best to accumulate some good Altcoins, especially in BTC pair on spot. Soon I'll share some good Altcoins in BTC pair. What do you think about this? Do you also think that we can see a good Altcoin season in the 2nd quarter of 2022? Share your views In the comment section. Thank You!
CRYPTOCAP:BTC.DShort
by CoreCrypto1
7
Euro Readying to Resume Lower? Bearish Rising Wedge in FocusThe Euro may be readying to resume its broader downtrend against the US Dollar. EUR/USD appears to be carving out a bearish Rising Wedge since finding a bottom in early March. A breakout to the downside exposes 1.0945, opening the door to extending losses from February. That would place the focus on April 2020 lows, making for key support between 1.0727 - 1.0793. Otherwise, further gains would place the focus on the long-term falling trendline from May 2021. FX_IDC:EURUSD
Short
by QM_Dubrovsky
5
Time to play some UnityHello Friends! It’s been a nice move from the bottom for Unity, congrats to the profit takers. From this point I think there are two ways to play this. Option#1: Looks like a rising wedge will play out to pull back to $93 support before the next move up to $125. Option#2: If it moves up to $108 and pulls back to $105, $125 might be in play. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
NYSE:U
by MoneyFishing
1
Btc about to hit smaller double bottom breakout target.I’m sure this chart looks like a mess to most of you but every line currently on the chart is part of a pattern that is currently in play. We can see the smaller double bottom pattern we have been above the neckline of for a few days has a breakout target of 47.7k which it appears we are currently heading to now. In doing so, price action has also hoisted itself above the neckline of another larger double bottom (top green horizontal) and if it can hold support on that neckline the breakout target for the larger double bottom is around 54k! 54k also happens to be the same breakout target zone for the falling wedge(not shown here) that we broke up from back in January or February and had been charting since last December…so its nice to see that sort of bullish confluence. We are also finally seeing price action considerably above our tan rising wedge here which is a good sign especially if we can maintain its top trendline as support. The smaller double bottom’s breakout target of 47.7k takes us right up to the top trendline of our rising channel (in purple) so it would not be unexpected if we see that line maintain resistance at first. I imagine we may send a wick above it to test the 200ma and initially see a rejection that sends price action back down to retest the larger double bottoms neckline for support, at which time I’m guessing the bigger dbl bttm’s neckline will hold support and once it confirms its breakout is when we will finally break above the purple rising channel as well as the 200ma (in blue). We shall see though because we always have to anticipate an unexpected black swan event could send us 180 degrees the opposite way as well. For nw though, the charts are lookin super bullish. *not financial advice*
BITSTAMP:BTCUSDLong
by DrDovetail
2
GBPJPY - Loss of Momentum Into StructureLast week we looked at this same pair & I was waiting for a double top to form as price broke into a previous level of structure resistance from the daily/weekly timeframe (Brexit Zone). Well we never got our double top (which brings up another valuable lesson about why we have RULES for patterns & the importance of following them), but the general prediction still holds true. Looking at current price movement along with the slope of the previous upward trend, it should be clear that we are losing momentum as we push deeper into resistance. Because of this I would expect some sort of relief to come as the buying pressure starts to lesson and new sellers begin to enter the market. Currently there are no signs of reversal as far as trade entry go, but this pair will once again be high on my watchlist for the week ahead. I hope you guys enjoyed the breakdown! If so please do me a favor and hit that like button to show your support. Also feel free to leave me any questions or comments that you may have about the pair or my analysis. Wishing you a GREAT week of trading! Akil *Note - I thought I shared my idea for this pair on tradingview last week, but apparently it was in the Live Stream from March 23rd 2022
Short
by Akil_Stokes
2