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Ascending Channel

BITCOIN breakout of the parallel channel to the upside 📖🚀Hello 🐋 Based on the chart, the price is close to the channel resistance area and break out of the parallel channel, and we expected the retest to be completed ✔️ if the price doesn't break the support zone to the downside and just complete the retest, we will see more gain, at least to our upper trend line 💣🚀 otherwise we can see more correction to lower support level ❌🧨 if breakout of the upper resistance zone be completed, we can see more pump to the upside ✔️🚀 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
8
How to understand the falling wedge and rising wedgeHello dear traders, Here are some educational chart patterns you must know in 2022 and 2025. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. What Is a Wedge? A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are rising or falling at differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts. Understanding the Wedge Pattern:- A wedge pattern can signal either bullish or bearish price reversals. In either case, this pattern holds three common characteristics: first, the converging trend lines; second, a pattern of declining volume as the price progresses through the pattern; third, a breakout from one of the trend lines. The two forms of the wedge pattern are a rising wedge (which signals a bearish reversal) and a falling wedge (which signals a bullish reversal). Falling Wedge pattern:- When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may breakout above the upper trend line. When the price breaks the upper trend line, the security is expected to reverse and trend higher. Traders identifying bullish reversal signals would want to look for trades that benefit from the security’s rise in price. Rising Wedge pattern:- This usually occurs when the security's price has been rising over time, but it can also occur in the midst of a downtrend. Trend lines drawn above and below a price chart pattern can converge to help a trader or analyst anticipate breakout reversals. While the price can break out of either trend line, the wedge pattern has a tendency to break out from the trend line in the opposite direction. Therefore, the ascending wedge pattern indicates a higher probability of further downside in the price after the breakdown of the lower trend line. Traders can enter bearish trades on the basis of a charted security after a breakout, either by selling the security short or by using derivatives such as futures or options. These trades will seek to profit from the possibility of a fall in prices. Trading Profits for the Wedge Pattern:- As a general rule, price pattern strategies for trading systems rarely produce returns that outperform buy-and-hold strategies over time, but some patterns nevertheless appear to be useful in predicting general price trends. Huh. Some studies suggest that a wedge pattern will break out toward reversal (a bullish breakout for falling wedges and a bearish breakout for rising wedges) more than two-thirds of the time, with a falling wedge being followed by a rising wedge. Is a more reliable indicator than the wedge. , Because wedge patterns converge in a smaller price channel, the distance between the price at the entry of the trade and the price for the stop loss is relatively smaller than at the beginning of the pattern. This means that the stop loss can be placed closer to the time the trade is initiated, and if the trade is successful, can result in a return greater than the amount of risk initially placed on the trade. Wedge a Continuation or a Reversal Pattern:- The wedge pattern signals a reversal. The reversal is either bearish or bullish, depending on where the trend line meets, what the trading volume is, and whether the wedge is falling or rising. Trade with care. If you like our content, please feel free to support our page with a like, comment Hit the like button if you like it and share your charts in the comments section. Thank you
COINBASE:BTCUSDEducation
by CryptoSanders9563
13
Bitcoin will 14x - 342,000 USD - 2025 projection! Welcome to this professional technical analysis. First of all, I want to say many congratulations to the bulls for this amazing start of the new bull market; it brings a lot of happiness back to the crypto community! January is one of the best months in Bitcoin's history and also for me because the profits are very high, but now let's take a look at the most important thing, which is the profit target for 2025! Bitcoin is an extremely volatile asset like no other. Every third year, we experience a brutal bearish retracement with a statistical correction of around 77% - 90%. A good strategy is not only to hold for the long run but also to sell at the top and buy at the bottom. It's not easy, of course, but it's extremely profitable. If you are a trader, I know you are most likely interested in the next profit target for this bull market. My expectation is that Bitcoin will reach its peak in September 2025, but the question is at what price? I know more about Bitcoin than anyone else, so let's take a look at it! Of course, it's very hard to predict the profit target exactly to the dollar. But we can use strong tools such as FIB extensions, trendlines, and chart patterns to determine the selling point and prepare for the next bear market in 2026. FIB extension is a very powerful tool. We need to use the LOG version and the linear version of the FIB extension simultaneously because they are both valid. On the left side of the chart, you can see a classic linear version, and on the right side, you can see a logarithmic version of the bitcoin price. The most likely and successful FIB extensions are 0.618, 1:1, 1.618, 2:1, 2.618, 4,618, and 6,618, where we may find a top and begin a new bear market later in 2025. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. Trendlines are very powerful as well. We have an upward sloping trendline on both the linear and log scales.Take a look at that! On the log scale, we also have an ascending parallel channel that may have significant resistance at the top of the channel as well! My conclusion is that the next peak for Bitcoin is going to be around 122,000 USDT or around 330,000 USDT. If we reach the first target and the bulls continue higher, then the second target is definitely acceptable! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
91
EYES ON DIGITAL GOLD.Here is a very nice insight by which I agreed with my WZRD friend. I share it if you guys have some insight and get something from it. Eyes on Bitcoin: Today marks a whale wash out, with panic comes volatility and long wicks. We need clarity and bias, for which the market will give with upcoming price action. As of now, we can see Bitcoin still remains ranging in its Intraday, within a channel. A breakout either side will lead to a trade as the intraday chart shows. ⚠️ What’s more important right now is the daily chart, which is trading as slightly bearish from a WZRD Resistance acting as a range high. A bearish rejection will result in a pullback as the Red Dotted WZRD Projection shows, towards $18,000 which would be totally healthy. 🔑 A special focus should be on S&P, which is rejecting its year long + trendline that I gave you before it had even formed. It is still maintaining this trendline, and the WZRD Support at 3915 would need to hold for bulls to gather more strength to break, if it loses 3915, Bitcoin will have the fuel for $18,000 📝
BITSTAMP:BTCUSD
by cryptotalk_et
BTC: QUICK UPDATE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this quick BTC update. BTC is forming an ascending channel-like structure in a 1hr time frame which is generally a bearish pattern. RSI is also showing bearish divergence. Price is still moving inside a channel and we might see another pump above the $21.5k level for trapping more longs and after that, a dump will be coming. Once it breaks down the channel then it is a confirmation for the price to go lower. Invalidation:- Break and close above $21.8k What do you think about this? Let me know in the comment section. If you like this idea then do support it with like and follow. Thank you!
Short
by CoreCrypto1
6
BITCOIN out of parallel channel retest and more gain 📖🚀Hello 🐋 Based on the chart, the price is close to the channel support area and break out of the parallel channel has completed ✔️ if the price doesn't break the support zone to the downside and just complete the retest, we will see more gain, at least to our upper trend line 💣🚀 otherwise we can see more correction to lower support level ❌🧨 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
8
SPX: Next Support/Resistance levels to watch from here!• The SPX is in a short-term bull trend, doing higher highs/lows, trading above the 21 EMA; • Its last bottom level was above a dual-support level, made by the 21 EMA and the upper trend line of an Ascending Channel, which SPY did an upwards breakout; • This dual-support coincides with the 21 EMA in the daily chart, which we nailed as our main support on our previous public study on SPX – link below this post, as usual; • Everything point to a continuation of the momentum, as we don’t see any meaningful top sign, so far; • However, if SPX is about to correct, now would be a good time, as it just filled a Gap (3,965), and any bearish reaction in this area would suggest a pullback to the 21 EMA again, at least; • Since there’s no clear bearish reversal structure, the next resistance on it is the 4,053; • So far, everything is going according to the plan, and the SPX is behaving as expected. I'll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
2
EUR/GBP: Pull back in the bulish channel This it's the continuation of the analysis that I'm still in long position, but as I closed up my long position, but now, in the good point to enter could be here. And I will cancel my short as it's not the good moment to short Euro when still bullish. I will hope the candlestick formation and we hope a bullish signal in the price action in hours more later for H1 timeframe If you see with caution, we see this bullish channel and EUR/GBP make this break out to the upside. What it's look an interesting movement to the upside. I hope that this analysis support you very well!!! I will still update this par in hours later. Keep update here!!!
Long
by harisonhbn9718
3
BITCOIN close to the channel resistance 💡🚀Hello 🐋 Based on the chart, the price is close to the channel resistance area and stick in the range zone (ascending channel) ✔️ if the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line resistances 💣🚀 otherwise we can see more correction to lower support level ❌🧨 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
12
BTCUSDT is inside an ascending channel during consolidationBitcoin had a false breakout from the ascending channel at 18200$ area. The market grabbed new liquidity and creates a new breakout from the old low and channel. the price bounced from the new low until the 0.618 Fibonacci level, that level is crucial for the retracement. Thus the price started with the consolidation phase with a clear range, where the price created the ascending channel inside it and the market printed HH (higher High) and HL (Higher Low). Usually, it's an uptrend pattern. on the 17400$, Bitcoin has the supply area, where the market grabbed the liquidity to create a new breakout and new Low, for that reason we sign it as "Key Level". How to approach it? The price could create a new breakout from the consolidation channel and retest again the Supply area as resistance, in that case we are going to monitor it in order to apply Plancton's Rules ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
22
SPX: Did a BREAKOUT! What's next? 🚨• The index is did exactly what we expected it would, since our previous analysis, last Friday (link below this post); • It went up to hit the upper line of this Ascending Channel (in the 1h chart), but now, it seems we have a clear breakout; • In the daily chart, it is trying to break our resistance at 3,911, and it broke the 21 EMA as well (which is starting to point up); • All these signs point to a short/mid-term bullish reversal; • So far, there’s no clear top sign, or any bearish structure around indicating a continuation of the bear trend; • However, if the index loses the red line at 3,911 again, it might frustrate this attempt of a reversal, and it’ll resume the bear trend again; • I’ll keep you updated on this every day, as usual, but for now, let’s pay attention to the 3,911. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
4
BITCOIN close to the channel resistance 🚀Hello 🐋 Based on the chart, the price is close to the channel resistance area and stick in the range zone (ascending channel) ✔️ if the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line resistances 💣🚀 otherwise we can see more correction to lower support level ❌🧨 👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
12
can BITCOIN break the channel resistance to the upside? 🚀Hello 🐋 Based on the chart, the price is close to the channel resistance area and stick in the range zone (ascending channel) ✔️ if the price doesn't break the support zone to the downside, we will see more gain, at least to our upper trend line resistances 💣🚀 otherwise we can see more correction to lower support level ❌🧨 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Long
by MadWhale
10
SPX: CONGESTION! Is it a good time to buy? 🤔• As we expected, it seems the index is trapped inside a channel, in the 1h chart; • We identified this channel in my last public analysis, yesterday – link below this post; • Now, the SPX is just heading to the next resistance, which is the upper line; • The 21 EMA is completely flat, indicating nothing but short-term congestion; • In this scenario, only a clear breakout (to any direction) might change things. For now, there's nothing much to do. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
SPX: Be aware of these KEY POINTS! [UPDATED].• As we expected, the 21 ema is working as a resistance for the index, and it couldn’t break it yesterday. The link to my previous analysis is below this post, as usual; • In the 1h chart, it seems the index is trapped inside an Ascending Channel. If a downwards breakout occur, I see it at 3,744, the next support level in the daily chart; • A bullish reversal would only occur if the SPX breaks the Ascending Channel (1h) upwards, along with the 21 ema (D). So far, there’s no evidence pointing to that direction; • Either way, let’s pay attention to its main support/resistance levels for now. I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1