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Falling Wedge

BTC with a lack of volumeBTC retested the diagonal support but with a lack of volume (check the last green candle though) I'm looking forward to how this will play out, but it's not a good sign imo. It could hint on some more downside before potentially going up. I'm personally still bearish on the lower timeframes (including the 4h). That's why I'm also shorting this one. Doesn't matter how one would look at it, bearflag or falling wedge, bearish or bullish, but this indicates nothing good imo.
FTX:BTCPERPShort
by Awinish
Gujarat State Petronet LtdNSE:GSPL ====================================================== 📈 Swing / Positional Trade - Daily Chart | Pre-Breakout 📈 Buy above = 315.50 - 316 (Breakout) Stop-loss = 306 - 305.50 Target's = 375 - 376 R:R = 1:6 Pattern = Falling Wedge #ThankU For Checking Out My Content , I Hope U Liked IT ✅ ====================================================== 📈 Technical / Fundamental Reason's To Trade 📈 Clean & Simple Pattern Tight Consolidation Above - 200DMA After Successful Breakout It Will Close Above 20-50 EMA (Will Work As A Great Support) 📈(Risk Must Be Managed.) 🙄Keep Your Eyes On Index ====================================================== Guys Check Out MY Related Ideas As Well, You Will Found Them Really Useful FOLLOW 🤝 | LIKE 👍 | COMMENT ✍ --------------Any Suggestions--------------
NSE:GSPLLong
by CT143
Dump is over for BTCUSDTHere you can see that there was a rising wedge pattern on daily time frame for BTCUSDT which broke down nicely and currently is at support line. This is time to buy. There is falling wedge pattern on daily time frame which is yet to break out. So, trade accordingly. I think it is a bullish divergence. You can see why my analysis is so accurate by analyzing RSI lines and top prices. When RSI was falling, price was making higher high and that was the indicator of the bearish divergence. It gave nearly 36% short position move for us! Follow, like and share.
Long
by Harshvardhan21
BTC - A Case of Two Falling WedgesTwo falling wedge breakouts observed on the Bitcoin chart. The first one showing a strong and healthy breakout (with an above than average volume). The latest falling wedge breakout has been a disappointment so far. Volumes have been below average and the price seems to be struggling. A break below the critical support level marked by the yellow line could be catastrophic. Given the macroeconomic environment with FED talking about speeding up the Tapering schedule and a possibility of a rate hike if inflation continues to grow strong, being cautious in this market is best way forward. Don't get caught up in the 'Bitcoin is an Inflation Hedge' narrative. Bitcoin is a 'Risk On' asset :)
by pranjalchaubey
BankNifty Analysis for Upcoming Weeks Hi Friends, Pranam, Now we are going to analysis the BankNifty for coming weeks: In Weekly TF: Refer the Image, 1. Bearish Flag Pattern evidence 2. Index Closed in Support 3. Dynamic Support was in the range of 34435.13 & 32611.27 as per EMA50 & EMA79 4. MACD was Flatten 5. Stochastic RSI as per my View was nearing oversold Range. 6. ATR was average. Long Term trend is Bullish as per EMA200. In Daily TF: 1. Falling Wedge Pattern formed 2. BankNifty was in the support zone. 3. Index was taken the dynamic support 38394.41 and 37639.12 as per EMA50 & EMA79. 4. MACD was Bearish 5. Stochastic RSI was oversold Range. 6. ATR was average. 7. CPR was Bullish Bias Long Term Trend is Bullish as per EMA200. In 1hr TF: 1. Descending Triangle Pattern formed. 2. Bank nifty was taken support and traded near the trendline of the triangle. 3. Dynamic Resistance was at range of 39124.25 and 39283.90 as per EMA50 & EMA79 4. MACD was Bullish 5. Stochastic RSI as nearing Overbought zone 6. ATR was down. 7. CPR was Bearish Bias. Long Term Trend is Bearish as per EMA200. Conclusion: Trend was in Downside as per 1hr TF. Retracement candle was very small. For Short Term BankNifty will be in downside if brakes the support zone of 38400. Disclaimer: Kindly do your own analysis before executing the trade.
NSE:BANKNIFTYShort
by Caapinves
Bitcoin's rising wedge on the 4hBitcoin is forming a rising wedge on the 4h (what is a bearish pattern). If it breaks the lower support then we're likely to see the 57-58K range. This may be a nice bounce since we're seeing a nice a wick from the bottom. Let's hope this will be a trend reversal but we should also be aware of the Bitcoin fundamentals which can (slightly) change (ie. the Taproot Upgrade). But, I'm still bullish for the future! To be honest with y'all I've de-risked a lot of my perps and are foremostly in spot because we're right now in a breaking point in my opinion (if we go down, we go down hard, if we go up, we go up but slighly slower) The VPVR shows a lot of buying pressure at around 63K and not so much selling pressure above the current price. If we break the current red zone, the next resistance that I'm watching is at around 65.5K.
FTX:BTCPERP
by Awinish
Confirmed breakout?On this chart it looks like BTC got a confirmed breakout of the falling wedge, I'm curious how it will play out. If we see some strength in the movement (aka more volume) I might reconsider to open up a long. Still longterm bullish short-term it looks a bit indecisive/choppy. I think that if we don't make a higher high on the 4h it probably will be a bearish re-test and we might go for a lower correction. As I stated earlier, the zone that I'm watching right now is the green zone of support. I would see us heading in the short term in the direction of 62.5K but preferably somewhere around the 64K level since that is much more decisive in my opinion.
FTX:BTCPERPLong
by Awinish
2
FALLING WEDGE IN CIPLA Falling Wedge 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 are 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. The descending wedge pattern appears within an uptrend when price tends to consolidate, or trade-in a more sideways fashion. Connecting the lower highs and lower lows will reveal the slight downward slant to the wedge pattern before the price eventually rises, resulting in a falling wedge breakout to resume the larger uptrend.
NSE:CIPLALong
by timetravellerfromfut