Following a bullish breakout of a descending channel pattern my price prediction for bitcoin of around USD $4000, and then some retracement can be expected, but it looks like the bulls are gaining strength once again. Most of the panic sellers have probably sold their bitcoin now to institutional investors, and the remaining HODLers are optimistic that prices will ...
BTC is currently trading with a descending channel that appears to be forming into a falling wedge.
I will be looking to enter within the green accumulation zones on my chart with close stop losses indicated with the red lines.
Stopping out so close to our entries allows us to re-buy lower essentially reducing risk and maximizing reward.
You can see the two ...
Yellow = Buy zone
Green = Sell Targets
Red = Stop Loss
Tweezer bottoms (Green Box) - Reversal pattern
Falling wedge - Reversal pattern
Stochastic RSI low. Bull Cross
RVI - Need to break resistance to confirm continued momentum upward.
Smaller timeframes are overbought which should pull the price back within to buy range before continued upward action.
The double bearish flag can be seen, also this has been confirmed by the falling wedge. This does mean that it would be best to keep an eye on the market as the price is going to most likely breakout the resistance top of this falling wedge eventually. Looking at the RSI and chart patterns I believe that the price is going to fall as it does not look like it has ...
Looking like a falling wedge pattern leading to support between $1.6 & $1.7, and that's where the buy zone is going to be in this trade.
RSI is showing bullish divergence on the 4h chart, I think it is likely we see another low here before we breakout from the pattern.
Favourable Risk to Reward here
Entry: @ $1.68 - $1.61
Stop-Loss: @ -8%
TP1: @ $1.96,
TP2: @ ...
Over the past few months the XRP price seems to have formed a wedge pattern. As the wedge has developed it has emerged as a falling wedge indicating the price reversal will be in the opposite direction to what we have seen recently.
Once the price breaks above the upper trend line it will signal a breakout to a higher price and rally. The wedge has lasted a ...
My second live TA attempt. TA expresses falling wedge pattern with bullish targets based on updated Fib retracement - slight amendment on the buy zone from the last chart. Initial stop-loss is included. Now with MACD indicator and updated aesthetics.
usdchf is showing support at the 0.93 area plus it's formed a falling wedge pattern on the daily time frame so my aim is to buy at the break to the upward and take profit around the 0.99 area collecting roughly 600 pips as a long term goals.
Also last bar showed a massive bullish body on the daily followed by a bunch of more bullish candles following it with the ...