Hi there 25k, Target is active. Please show some patience and let the market move.
How you can trade.
1. Watch bottom for buy.
2. in case, we see breakdown then wait and watch for the price to test 786 fib lines and then look for buy.
Short term target will be inside the channel. But longer term target is 25k
25k is achievable for BTC.
How you can trade.
1. Watch bottom for buy.
2. in case, we see breakdown then wait and watch for the price to test 786 fib lines and then look for buy.
Short term target will be inside the channel. But longer term target is 25k
25k is achievable for BTC.
Note
Note
Watch this 15 minute time frame. Remember Trend lines are for just informational purpose. We use trend lines so that we can see patterns on chart. If you have no idea about patterns then carfull. You have to make decision of rbuy only then when we will see price action at bottom if we dont see price action there is no buy. If you dont understand all these things like patetrns trend lines or price action. Then learn them before trading or before making any comment which tells us that how much knowledge you have about trading.
I am posting this comment just for example one user has commented that yesterday ( That's the worse chart I've ever seen, how did you get a PRO label?)
He is having 0 knowledge about trading and even 0 knowledge about TV how it works.
So watch this update and look for impuls from bottom. If we dont see that no buying it will keep pushing for downside for short period of time. I will update this idea soon in new post.
Note
One more wave down is possible before reversalNote
We got the breakout of the trend reversal pattern finally. Whats next.
1. watch bottom of the expanding triangle for price action for buy if not in from bottom.
2. Or wait for the price to test the previous low for buy. where we have seen impulse.
3. In case we see new low we will look for buy only. There is no sell.
Note
So far it is doing okey. This is the next step. Watch bottom for buy if not in. Just keep one in thing your mind before making any decision for buy. It is not rising aggressively.
So if it breaks the bottom of the expanding triangle we will look for more buy at bottom of the impulse.
Note
This is the pattern which is just developing. Current correction is so huge in terms of price.
But in terms of The trend the trend we are having from bottom. It is quite normal.
For Training visit.
Website wave-trader.com
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Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.