Rising Wedge with Hidden bearish DivergenceWe Have Hidden Bearsh Divergence at a lvl of previous resistance on the 1 Hour within a Rising Wedge
Rising Wedge
BTC/USDTOn 4 hour chart it shows us a rising wedge pattern which indicate some correction in up coming days. Suggesting a price range in this market is quiet tough but i think it will move towards 20000 range again.
XAUUSD ( HIGH PROBABILITY SELL SETUP SOON)Gold was up $6 to $1771.9, the precious metal was above 20D MA (@ $1731) & below it 50D MA (@ $1796),
Here we can see clearly the next move for Gold, while we can see clearly its trading within a Bearish Ascending Wedge, This is a bearish reversal signal & the lack of progress higher has confirmed a sentiment shift, A break of support @1772.00 should lead to a more aggressive move lower towards 1740.00,
Although the anticipated move lower is corrective, it does offer ample risk/reward today, while the RSI Indicator its showing us the opposite of the actual price action on the charts, We look to SELL a break of $1771.66
And if we can see clearly the Divergence on the RSI Indicator, its a more of a confirmation of our analysis.
Keep a close eye on Gold, world number 1 precious yellow metal,
Happy PIP hunting traders.
Dollar index DXY - Prepare for a downtrend! + Full Elliott Wave
On the daily chart we have 2 parallel channels that indicate 2 impulse Elliott Waves.
As per my Elliott Wave analysis, this huge impulse wave has been completed and now we should go sideways or down!
The first trendline is breaking out, and usually that means that other trendlines will break too.
The first target is at wave 4 + 0.382 FIB + parallel channel retest.
In my opinion, DXY has completed a significant uptrend and is now poised for consolidation (range).
Look at my ideas about GOLD, EURUSD and Bitcoin in the related section down below.
For more ideas, please hit "Like" and "Follow"!
BTCUSDT shortPay attention
The Bitcoin price formed Rising wedge pattern and
OBV divergence is formed
and MACD divergence too.
It is strong bearish signals.
The target is 19 K next week.
Looking at the macro for ETH (Bearish ascending wedge)
Looking at ETH on the Line-Chart set to weekly, we can see a familiar pattern similar to the BTC wedge I've posted previously:
ETH has 3 choices at this current moment:
- Unexpected wave of bullish momentum propels it to the upside breaking the upper TL sparking a parabolic rally
- Slow depreciation in value to the lower support TL before rallying again
- Major selloff sparking a breakdown & freefall
Will update when direction has been decided.
INDEX:ETHUSD COINBASE:ETHUSD BINANCE:ETHUSD BINANCE:ETHBTC COINBASE:ETHBTC INDEX:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSDT
AUDCAD: The Main Supply 💣The more touches at supply made the zone weak, it had to be liquidated at some point.
Now that we have successfully liquidated the supply sellers with compression delivery, we may see a continued sell-off.
I will be locating a sell with my team later in the day depending on the rejection.
Bearish Wedge Sell Points (in red)Two different types of Wedges both showing a similar sell point entry
The sell point is right below the wedge, so if a breakdown occurs, a retest and consequent rejection follows
This is common between both wedge patterns
From personal experience I have seen Rising Wedges act more bearishly than Broadening (megaphone) structural wedges
However both of them have the potential to be bearish.
lucid playing nicely rising wedgesits coming to down line of wedges, can hit $17-$18, lets see
if hit $17-$18 range then we can get entry, that time stop loss should be little down of low line
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.
ETC broke down rising wedge#ETC/USDT
#update
$ETC broke down and done its pullback to confirm the support zone as resistance.
also RSI below HMA is a bearish sign.
🐻 so it seems bears are in control
ETC rising wedge#ETC/USDT
$ETC shaped a rising wedge pattern. but it is above support zone
🐻 break down the lower zone can drop price to 0.5 and 0.618 fib levels.
🐮 break out the upper line can reach price to around $35
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"!
USDJPY D1 Riskful analysis !Hello traders as you see I found some reasons that shows us it is possible to have downtrend in USDJPY although I really can't trust completely on this rising wedge... And also it is really depend on BOJ Outlook Report
Monetary Policy Statement and DXY fundamental news....
please see my previous Idea about USDJPY D1 I hope it would be useful for you
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
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!
Decision Time for Bitcoin Target 19.2Bitcoin is about to break down this wedge out of a rising wedge and head to 19.2
MATIC inside rising wedge#MATIC/USDT
$MATIC rejected from upper line of rising wedge pattern and heading down toward lower line that will be around $0.51.
🐻 break down from lower line of this wedge will drop price more to support zone around $0.35.
🐮 but holding the lower line that is the same with descending trend line and break out from upper line will increase price to higher trend line and resistance zone around $0.85.
MATIC broke out rising wedge#MATIC/USDT
#update
$MATIC hold the lower line of wedge as support and pumped to broke out from upper line of wedge, and now faced a resistance zone.
🐮 possibly price will have a pullback to support zone around $0.6 and then will continue its rally to resistance zone between $0.8 and $0.9
🐻 break down from support zone will invalid bullish scenario and price can drop to descending trend line.
BNB rising wedge to $250#BNB/USDT
$BNB is inside rising wedge and rejected from lower line of wedge. now price is inside resistance zone.
🐮 break out from this resistance zone will increase price to upper line of wedge that is the same with resistance zone around $250.
🐻 rejection from current resistance or next resistance and break down from lower line of wedge will drop price to $200 and lower.
SPY Puts Looking for SPY to enter green zone ($381.3 - $382). $384-$385 is looking to become the new resistance, this is where I entered. My contract expires 7/13, going to try and squeeze some profits tomorrow morning and take this to $382. Also seeing a rising wedge pattern along with a triple top, for those reasons I am strongly biased on Puts.
USDCHF Bearish Rising Wedge about to consolidate for SHORT Hi, I believe this pair will consolidate until finding support and break towards downside until FIB level and the go rising furthermore.
