BTC 1H Update, a 2000$ drop is aheadHi dear traders, Bitcoin broke out wedge pattern on 1H and based on that expected targets for now are 48K and 47K.
Wedgebreakout
BTCUSD Rising Wedge 1H Wait for Breakout!Wait for it to breakout and touch the price of Moving avarge!
Hello Everyone if you like idea, do not forget to support with a like and follow!tnx
HUL - Rising wedge pattern breakout in 1W TFChart is self explanatory.
Don't invest and trade blindly.
Is this the time for a break out? or Is this just a retest?Looking at the current pattern of ETH, we can see that ETH is currently making an Ascending Broadening Wedge in its price action!!!
According to research, this Ascending Broadening Wedge has a 79% chance of breaking towards the upside and 21% for breaking towards the downside...
On that note, we can be quite bullish overall as breaking toward the upside more or less is a 4 to 1 scenario.
But, also on that note... Will we see the breakout now? Or Will we see a retest of the wedge first?
To confirm this, we need to look at todays candle as to gauge the strength of ETH...
If it is strong enough, testing and breaking the 0.618 FIB level ($3360) pulled from the ATH to the lowest level from last months dip would be reachable.
On contrary, if this is just a test, and there's not enough powder to fire up ETH, I am predicting my green line as its next support test ($2880).
The green line is a minor 0.5 Fib level from the last correction ($2441) to the current high ($3342).
Comment down below which one do you think ETH will do??
Thank you for reading
BTC Possible directionBTC USDT: Update,
The ascending triangle formed inside of the big rising wedge
A rising wedge is bearish, the ascending triangle is bullish, which one will be stronger?
Now it looks like we broke down from this big rising wedge, but the lower support line of this triangle still holds...
Breaking support of triangle would also be bearish, so we would have double confirmation of reversal to downside coming.
We talking about chances here, but we should always have in mind that BTC knows to ignore this and to do something totally opposite...
BTCUSDT is testing the 0.618 Fibonacci level 🦐BTCUSDT is testing the 0.618 Fibonacci level inside an rising wedge. We are watching for the next opportunity.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
LTCBTC is inside a falling wedge 🦐LTCBTC is inside a falling wedge. IF the price will have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
XLMBTC is creating a falling wedge 🦐XLMBTC is creating a falling wedge on the weekly support. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
GBPCAD 1H Time Frame Rising Wedge! After breaking the trend line, the price fell sharply and entered the wedge pattern.
We expect it to reach 172742 after the breakout and pullback !
What do you think? Your opinion is important to me!
Look like EURUSD is preparing for a breakoutThe two horizontal lines are Fibo 23 and 38 levels. for now, EUR has made a breakout from the wedge which could potentially signal a bullish movement.
I believe if the movement takes shape first target would be 1.17564 area
LTCUSDT is testing the daily resistance after a breakout LTCUSDT is testing the daily resistance after a breakout from a falling wedge.
According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Bitcoin next stepsWarning: Use this information at your own risk.
Bitcoin actual situation:
- it stops at 46000
- now retracing in direction to 42000 support
- inside a rising wedge( OMG danger everywere X´D)
TA:
- it may retrace lower to 42000 and stay there for a while
- maybe we see a nice tradeable triangle
- then there are 2 options like always:
+ it can continue de new uptrend following the base of the rising wedge
+ or it can break lower and retrace furter to 38000 support and start a new downtrend
to 30000 support continuing the lateral bullshit
Let me now in the comments if this post help you and be welcome to make any suggestion.
EURUSD < 10pips from Stop Lost with 441.3 pips potential! 8/8/21EURUSD price have broken the wedge pattern with completed ending diagonal pattern. Stop Lost either @ 1.1750 ( less than 10 pips from current 1.17587 level with potential profit of 440 pips . Meant 1.17587 - 1.1750 = 8.7 pips risk . 440 / 8.7 = 50.57/ 1 "Huge!" risk/reward ratio ) or @ 1.1700
VETUSDT is testing the weekly resistance 🦐VETUSDT is testing the weekly resistance inside a rising wedge. IF the price is going to have a breakout and retest the previous resistance as new support, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
#tsla wedge breakout, tesla to the moon??#tsla is breaking out harder than a pitbull chasing a turtle carrying hotdogs, as my great grandpappy Cletus would say. Except I don't have a grandpa named Cletus, jokes on you. Here's your alert on TSLA, wedge breakout confirmed, you could wait to enter on pullback or just do what I do and buy the breakout and trail your stop aggressively. Price target is 780, I expect this to be a several week swing. Obligatory not financial advice your gains and losses are your own if trading do your own analysis too. Happy hunting.
IOTAUSDT is testing the weekly support 🦐After a very nice profit ( check it ) the price is creating a falling wedge above the weekly support. IF the price will have a breakout upward, we can look for a long position according with our academy, otherwise if the price will lose the weekly support, According to Plancton's strategy (check our Academy ), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
EUR/USD - Potential LongEU made a nice push to the upside as expected (see previous EU Post). Looking for the continuation here to go long. Will be keeping my eye on the structure level & trend line marked on my chart for any signs of rejection to enter a long position.
LRCUSDT is creating a falling wedge 🦐LRCUSDT is creating a falling wedge and now the price is testing the previous resistance as new support.
A long scenario is valid only if the price will have a breakout from the wedge and from the weekly resistance, otherwise, if the price will lose the 4h support, we could see a retest of the weekly support. According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
HOTusdt Prep (2Day Wedge) + (1Day Bullish Engulfing candle)HOTusdt Prep (2Day Wedge) + (1Day Bullish Engulfing candle)
Wedge Pattern TradingRising Wedge Pattern is a trend reversal chart pattern that that indicates gradually decrease in market momentum.
if it is traded with confluence like a supply or resistance level then Winning probability of this setup will increase.
BTC - Wedge Back Test and GoThe power embedded in the wedge broke after a perfect back test of the pattern. Now time to reimagine the next moves as range opens up.
