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Real Success Rates of the "Rising Wedge" in TradingReal Success Rates of the Rising Wedge in Trading Introduction The rising wedge, also known as the "rising wedge" in English, is a chart pattern that has a remarkable success rate in trading. This analysis details its performance, reliability and complementary indicators to optimize its use. Success Rate and Performance -Key Statistics Overall success rate: 81% in bull markets Average potential profit: 38% in an existing uptrend -Breakout Direction Bearish: 60% of cases Bullish: 40% of cases Contextual Reliability Bull market: 81% success, average gain of 38% After a downtrend: 51% success, average decline of 9% Important Considerations The rising wedge is generally a bearish pattern, indicating a potential reversal. Reliability increases with the duration of the pattern formation. Confirmation of the breakout by other indicators, especially volume, is crucial. Complementary Indicators -Volume Gradual decrease during formation Significant increase during breakout -Oscillators RSI (Relative Strength Index): Identifies overbought/oversold conditions Stochastics: Detects price/indicator divergences -Moving Averages Crossovers: Signal trend changes -Dynamic Support/Resistance: Confirm the validity of the wedge -Momentum Indicators MACD: Identifies price/indicator divergences Momentum: Assesses the exhaustion of the trend -Other Elements Fibonacci Levels: Identify potential support/resistance Japanese Candlestick Analysis: Provides indications of reversals Conclusion The rising wedge is a powerful tool for traders, offering a high success rate and significant profit potential. The combined use of complementary indicators increases the reliability of the signal and improves the accuracy of trading decisions. It is essential to look for a convergence of signals from multiple sources to minimize false signals and optimize trading performance. _______________________________________________ Here are the best times to enter a trade after a rising wedge, in a professional manner: -The confirmed breakout Wait for the candle to close below the support line of the wedge. Look for a significant increase in volume during the breakout to confirm its validity. -The retest Look for a pullback on the broken support line, which has become resistance. Enter when the price rebounds downward on this new resistance, confirming the downtrend. -The post-breakout consolidation Identify the formation of a flag or pennant after the initial breakout. Enter when this mini-formation breaks in the direction of the main downtrend. -The confirmed divergences Spot bearish divergences on oscillators such as the RSI or the MACD. Enter when price confirms divergence by breaking a nearby support. -Timing with Japanese Candlesticks Identify bearish formations such as the Evening Star, Bearish Harami, or Dark Cloud. Enter as soon as the next candle confirms the bearish pattern. -Important Considerations Always place a stop-loss to manage risk effectively. Be patient and wait for the setup to be confirmed before entering the trade Check the trend on higher timeframes to ensure the consistency of the trade. Integrate the analysis of the rising wedge with other technical indicators to improve the quality of decisions. By following these recommendations, traders can optimize their entries on rising wedges while minimizing the risk of false signals.
BINANCE:BTCUSDEducation
by Le-Loup-de-Zurich
Bitcoin Bybit chart analysis November 28Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Bitcoin 30-minute chart. Today and tomorrow, Nasdaq is closed for Thanksgiving. It is a day when Bitcoin gains freedom, and since there is no Nasdaq analysis, I can leave work early. There is a section where I can bet on the candlestick, so I cut my loss and proceeded boldly. The purple finger on the left, $95,021.5, is the re-entry point of the long position I took in the morning, and I made a strategy with the same strategy as today, cutting my loss and with the will to die together. *When the blue finger moves, Two-way neutral Long->Short->Long switching strategy 1. Pursuit purchase at $95,502 / Stop loss when the purple support line breaks and the 3rd section is touched 2. Long position 1st target at $98,379.5 -> Gdap 99,415 2nd target If the trend dies at $98,379.5, It would be good to use the long position re-entry point in the middle. (Blue finger at $97,396.5) If it reaches the gap section right away, Short position switching and long position waiting. (Those who have been reading the analysis diligently can see the switching point roughly, right?) Because it proceeded with a pursuit purchase, It can be pushed from the current position to the 2nd section, but the short-term pattern can be broken from the 2nd touch, so it is better to raise it right from the current position. Also, because the candle shape can shoot strongly up or down or deviate, You should proceed with the loss cut boldly, and the movement within the 1st section at the top and the 3rd section at the bottom is a sideways movement. Until the bottom, it is a downward sideways movement. The 4th section is a single touch of the center line of the Bollinger Band daily chart. The lowest 89,985.5 dollars is a 12+ daily section. Up to this point, I ask that you simply refer to and use my analysis, and I hope that you focus on the current position, with the principle trading and the loss cut price essential. If the strategy is successful today, from now or the 2nd section touch, and as long as it does not deviate from the 3rd section, it will be the best altcoin entry timing, right? I raised the quality to the maximum because the participation rate was good today, and burned my soul. Thank you for reading.
BYBIT:BTCUSD.P
by BitCoinGuide
Bitcoin Bybit chart analysis November 27 Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Bitcoin 30-minute chart. Nasdaq will release its indicators at 10:30. I was very worried because the Bollinger Band 30-minute chart resistance line was touched and then moved sideways. First of all, the worst situation today is likely to be a crash with the 4+6+12 MACD dead cross in Nasdaq, so you must be careful. At the bottom left, I connected today's strategy from the entry point of the long position at $91,816 yesterday. * When the blue finger moves, it is a two-way neutral long->short switching strategy. 1. 93,123.5 dollars long position entry section / stop loss price when green support line is broken 2. 95,021.5 dollars long position 1st target -> Top section 2nd target When reaching the top section, After liquidating the long position, switch to a short position shortly If only the 1st target price is reached, It would be good to try to re-enter the long position at the daily closing by liquidating the long or modifying the stop loss price. In fact, today's 2nd section is the most likely long position entry section, but we proceeded aggressively based on the short-term pattern because we could miss the entry point. The movement within the 1st and 3rd section convergence sections shown above is a sideways movement, and you should be careful because it can be dangerous from the 3rd section breakout. It can fall strongly from the 3rd touch or the 3rd section, so The green support line is the stop loss price I didn't mark the double bottom in the middle to the bottom because it's a gamble. The bottom section is the center line of the Bollinger band daily chart (the mid-term pattern is broken) 88,248 dollars is the 12+ daily section Since it is the place where the mid-term pattern is restored The rebound should be strong. Even if only the final sky blue support line is maintained today It seems that altcoins will continue to pump in a cycle. Since the breakthrough will be instantaneous after today, I think it would be good to operate altcoins at the same time. Please use my analysis article so far for reference and use only I hope you operate safely with principle trading and stop loss prices. Thank you.
BYBIT:BTCUSD.P
by BitCoinGuide
1
VTHO/USDT Ready for Takeoff? Breakout Signals 500%+ Potential UpVTHO/USDT Ready for Takeoff? Breakout Signals 500%+ Potential Upside Key Highlights: 1️⃣ Trendline Breakout: The price has broken the descending trendline, indicating a potential shift from bearish to bullish momentum. 2️⃣ Entry Zone: Ideal entry area: $0.0017 - $0.0022 (Green Zone on the chart). This zone offers a low-risk opportunity for long-term positions. 3️⃣ Resistance/Targets: $0.0040/$0.0058/$0.015/$0.022/ATH Technical Observations: ▪️ The historical downtrend has been broken, suggesting a bullish trend is forming. ▪️ The price is consolidating within the entry zone, which could provide a strong base for the next rally. ▪️ A confirmed breakout above $0.0058 may trigger a parabolic move. Trading Plan & Risk Management: 1️⃣ Strategy: ▪️ Enter near the entry zone for a low-risk position. ▪️ Monitor price action near resistance levels. ▪️ Partial profit-taking at each resistance level is recommended. 2️⃣ Risk Management: ▪️ Place stop-loss below $0.0017 to minimize downside risk. Outlook: If the price sustains above the trendline breakout, VTHO/USDT could enter a bullish rally, targeting the key resistance levels.
Long
by CryptoPatel
Will SOLUSDT’s Breakout Trigger the Next Bullish Wave?Yello Paradisers! SOLUSDT has delivered an impressive move, breaking out of a descending channel—commonly referred to as a bull flag in higher timeframes. This formation typically signals continuation after a period of consolidation, where the channel resembles a flag following a strong bullish pole. 💎If SOLUSDT retests the broken resistance zone and forms a bullish I-CHoCH (Internal Change of Character) in lower timeframes, this would significantly increase the probability of a continuation toward the next major resistance levels. 💎Should the market experience panic selling, patience will be crucial. Waiting for the price to reach the key support zone below could offer a potential bounce. However, to confirm this move, look for a bullish I-CHoCH to ensure higher confidence before entering any positions. 💎On the flip side, if SOLUSDT breaks below the support zone and closes a candle beneath it, this would invalidate the bullish scenario. In such a case, stepping back and waiting for a clearer, more favorable price action setup would be the wiser strategy. Trading in such a dynamic environment requires discipline and adaptability. React to the price action with caution, follow the levels and confirmations discussed, and avoid impulsive decisions. This market rewards patience and precision. Stay focused, and let the opportunities come to you! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Bitcoin Bybit chart analysis November 26Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Bitcoin 30-minute chart. In a little while, at 12 o'clock, there will be a Nasdaq indicator announcement at 4 a.m. Fortunately, Nasdaq has reached a safe zone, but Bitcoin is the problem. Nasdaq and Bitcoin have reached similar major candles, but both have broken mid-term patterns. In the case of Tether dominance, since there is no proper resistance line after the upward trend, it is impossible to draw. (There must be a sweep or gradual adjustment to fall) I proceeded with the most conservative strategy at the current location. * In the case of the blue finger movement path, it is a two-way neutral short->long switching strategy. 1. 94,037 dollars short position entry section / stop loss price when orange resistance line is broken 2. 91,816 dollars long position switching / stop loss price when purple support line is broken or when section 2 is touched 3. 95,024.5 dollars long position 1st target -> Top section 2nd target After short position switching when reaching the top section Autonomous long position re-entry section at daily closing price After vertical decline around 3 PM Still falling stepwise without any wave or entry point. Section 1 at the top is the best short vertical decline section. (Be careful as it can be a 5-minute trend reversal point and a plunge point) You have to break through this section to succeed in the strategy and it becomes a somewhat safe section. Also, a downward or strangely shaped upward wave can come out from the current position, but it seems okay until the purple support line is damaged, and it can fall downward from the second section touch, so it would be better to maintain the current position without touching it if possible. The bottom is the single touch point of the center line of the Bollinger Band daily chart. The lowest 87,675 dollars is where the 12 + daily pattern is restored. It seems advantageous to operate altcoins according to the rebound today. It may flow downward, so rather than entering right away, it seems advantageous to operate from the long position entry after the successful rebound (5-minute trend change). I ask that you simply refer to and use my analysis so far, and do not forget the principle trading and stop loss price, and operate safely. It was completely burned from Monday. Thank you for reading.
BYBIT:BTCUSD.P
by BitCoinGuide
#Fantom Accumulation Zone Revealed: Why I’m Expecting 12x Return#Fantom Accumulation Zone Revealed: Why I’m Expecting 12x Returns 🔥 FTM/USDT Bullish Chart Analysis: Accumulation Zone & Targets #FTM Bullish Analysis 🔹 UPCOM:FTM has been on an uptrend for the past 7-10 days, currently up 60% in the last 10 days. 🔹 I’m waiting for a dip to buy in my accumulation zone, which is the green box between $0.78 - $0.60. ▪️ Targets: $2/$3.3/$5/$6/$10 ▪️ Stop Loss: $0.53 I’m expecting 12x gains from my accumulation zone. I'm super bullish on FTM/USDT in this bull run. 📢 Reminder: ▪️ Don’t go all-in on a single coin. Diversify your investments. ▪️ This is not financial advice. Always DYOR before investing in any cryptocurrency! What’s your take on FTM? Let’s discuss! 👇
FLong
by CryptoPatel
Are You Ready for a Major AVAXUSDT Move?Yello Paradisers! 👋 AVAXUSDT is at a critical juncture, and it’s essential to stay focused. 💎Currently, the AVAXUSDT is trading within a descending channel, but we’re seeing the potential formation of a bullish W pattern. This is where things get interesting. 💎If AVAX breaks out and closes a candle above the resistance zone, it will validate the W pattern, significantly increasing the chances of a bullish move. 🚀 💎On the other hand, if we see a pullback, the support zone could give us a double-bottom pattern. But we’ll need confirmation from a Change of Character (CHoCH) toward a bullish market structure to give us confidence in the reversal. 💎However, if the price breaks down and closes a candle below the support zone, our entire bullish scenario will be invalidated. 🎖The key here, Paradisers, is patience and discipline. Remember, only the best, highest-probability trades are worth taking. Stay sharp, follow the price action, and make sure your strategy is in place. That’s how you stay in the winner’s circle. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan