Get started

Rising Wedge

Perfect Bitcoin descending channel on 4 hourly time frame.As i said in my previous posts we are in Ascending channel on the weekly, on the daily we broke out from our rising wadge to the downside (is going to be confirmed if close below 43.1k) and descending channel on 4 hourly. Yesterday i posted about the rising wadge on the daily and i was bearish, because on the weekly we have formed hidden bearish diverganece and on the daily berish devirgance. Everybody was bullish because of the inverse Head and shoulders and that was a perfect counter trade. Now is everybody going to be bearish because of the M pettarn breakout and call for 37k so we can counter trade them again around 40.5k or bottom of the channel and ride it to the upside till we retest rising wadge on the daily. What do you think about this descending channel and can we get a bounce? If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON
Long
by Mladen94
We have rising wadge on the daily BTC chart!!!Everybody is talking about the inverse head and shoulders pattern but i think that is to good to be truth. I just saw this rising wadge with multiple touch points on the upside and downside. And i wish i could be more bullish but we have hidden bearish divergance on the weekly and small bearish devirgace on the daily if the candel closes in red. Even if we we close above 45k i am still going to be bearish as long we do not close the daily above 46.2k. Sometimes we make higher high just to liquidate shorts and trap long positions before we reverse. However in strong bull markets rising wadges do break to the upside so i am not counting out the bulls but they need to show some more buying pressure. As of my trades i am still holding 50% of my long position from 41.9k and if we break to the downside i am exiting at break even. What do you think about this rising wadge and can the bulls push thru 46k? If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON
by Mladen94
2
BTC ON THE WEEKLY RISING WADGE VS RISING CHANNELBack in october i drew this rising wadge and i completely forgot about it.Since than we got our third touch point and big bounce from it on the fourth of december.This rising wadge goes back from 2017 Bull-run and has multiple touch points on the upside and 3 touch points on the downside. But we also have this rising channel and 3 perfect touch points on the downside and 2 on the upside becouse of that i got in long position at 33k. What to do if we get rejected from the rising wadge? The answer is simple,i am going out from my long position and wait for rsi on the weekly to go slightly below 30 whith has idicated bear market low back in 2015 and 2018.However if we break back in i think flying to the moon is very likely to happen. What do you think about my opinion? If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
COINBASE:BTCUSD
by Mladen94
2
A Guide about Falling & Rising Wedge PatternsHello every one 🟡WHAT IS A FALLING WEDGE PATTERN? The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend. 🌳HOW TO IDENTIFY A FALLING WEDGE PATTERN The falling wedge pattern is interpreted as both a bullish continuation and bullish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain different market conditions which must be taken into consideration. The differentiating factor that separates the continuation and reversal pattern is the direction of the trend when the falling wedge appears. A falling wedge is a continuation pattern if it appears in an uptrend and is a reversal pattern when it appears in a downtrend. (Example) 🔵WHAT IS A RISING WEDGE PATTERN? The rising wedge (also known as the ascending wedge) pattern is a powerful consolidation price pattern formed when price is bound between two rising trend lines. It is considered a bearish chart formation which can indicate both reversal and continuation patterns – depending on location and trend bias. Regardless of where the rising wedge appears, traders should always maintain the guideline that this pattern is inherently bearish in nature 🌳HOW TO IDENTIFY A RISING WEDGE PATTERN The rising wedge pattern is interpreted as both a bearish continuation and bearish reversal pattern which gives rise to some confusion in the identification of the pattern. Both scenarios contain a different set of observation dynamics which must be taken into consideration. (Example)
Education
by CobraVanguard
18
Bitcoin BTCUSDT - New parallel channel!- We have a new parallel ascending channel on the 4h chart. - Bulls need to break this channel to the upside, for continuation in this uptrend. - The previous triangle structure can be definitely re-tested in the future, so be prepared for this case. - But a major trendline from 10. November 2021 is now broken, so the trend switched to a bullish trend. - If you want to see more of these ideas, hit "Like" & "Follow"! - Check my related ideas about bitcoin below!
by UnknownUnicorn2537518
3
🌳Link's Support & Resistances and Expected Movements Right NowHello every one LINK/USDT 🟡Chart is speaking it self ! What Is Chainlink (LINK)? Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement. The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
by CobraVanguard
4
BTC Perfect retest of the rising wadge and down we go!I said yesterday in my post that we my go down to retest the bottom of the channel on the weekly timeframe which is going to be 33k. Now i just opened small short position on BTC because of the retest of the rising wadge on the 4 hourly timeframe. My profit taking area is around 34k. Dont be manipulited by this small pumps and trade smart. Dont get me wrong i am bullish on the weekly and i think that 33k is the bottom but we need to retest the bottom again. Much love to all traders. What do you think about my opinion? If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
Short
by Mladen94
2
GBP / JPY 153.096 -0.61 % LONG IDEA * TREND POSSIBLE REVERSALHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE POUND / YEN * The PAIR has been trading in a ASCENDING channel just tested the base of this structure, awaiting a double bottom/ or any other confirmation as we might enter a strong bullish rally. - Short term the pair looking for a momentum shift possibly signaling a strong bullish momentum on the 4h chart this. - Looking for long entries on GJ this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Long
by PULEMokhothu
2
DXY 96.03 - 0.07% SHORT IDEA * PRICE ACTION & REVERSAL PTTNS HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR INDEX * The INDEX is currently trading in a RISING WEDGE , tested the ROOF of this structure. - looking at a possible H&S FORMATION the 4H AND LOWER. - Short term the pair has currently entered an uptrend on the 4h chart this. - Strong bullish momentum towards resistance will invalidate the whole set up. - Looking for SHORT entries on the INDEX this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
TVC:DXYShort
by PULEMokhothu
Long term S&P500 OutlookThis is just an idea that I am posting that may or may not pan out. It is not financial or investment advice. I am definitely not saying this is the way forward but as I was tinkering one night, I somehow came up with this, and the more I looked at it, the more it made sense. Using trend lines we have a potential rising wedge. Then I measured some fibs and copied a previous pattern to fit the PA that one might expect to happen in a rising wedge. I also added a trend-based fib extension. As you can see there is a measured move in the final wave to a -.236 which also aligns with the 1.618 from the fib extension. If this is indeed a rising wedge then we will see a choppy path over the 2020s upward until eventually, the bias would favor a massive crash or bear market. You can also see the potential pivot points based on ABCD measured move series would align well with October/November of election cycle years. This isn't a statement about who will win or anything but election cycles also mark budget cycles ie; fiscal policy so they tend to be natural pivots or continuations based on the flavor of the day. Will it pan out like this or similar to this? I guess we'll have to wait a few years to see.
SP:SPXLong
by StockSniper00