Short

BTC important areas on which further movement depends

Updated

Symmetrical triangle - made a breakthrough down.
According to the rules of TA, a symmetrical triangle fulfills its widest part (base), we have 60%. If we assume that the movement will work with time, then this is the area of $ 3800-3900. But the TA rules were invented so that the crowd believed in them, and the big players violated them when they needed to, against the faith of the majority.

The strongest faith is faith in the power of your wallet.
The faith of the majority imposed by the minority destroys the mountains and minor minority deposits.
When a minority needs it, the rules of technical analysis stop working, you probably noticed this ...

On the chart, I indicated the important areas on which the further price movement will depend. The zone of $ 7,000 thousand is very important. From it, a return to the breakthrough zone may begin. And there already according to the situation. Nobody knows the future, even the one who creates it.
Published this idea 3 months ago

BTC possible formation of a global triangle. Altcoin pumping

This is a global situation from the very start of BTC trading. Also an old trading idea.

Trading with the trend Option of forming a global triangle

A very important downtrend (purple color). A lot depends on her. Also, it is a trend 3 phase of "bear measured move". 3 weeks ago published these 2 trading ideas

BTC in the phase 3 "Bear measured move"? Halving at the end of 3

Perhaps Bitcoin has moved into the phase 3 “Bear measured move”.

Always trade in the trend and work on the situation. Need to adapt to the market. Be flexible in your trading, do not be greedy. Better not a big profit, but constantly than a big one - never!

Note

BTC / USD There is a breakdown of the channel of the local channel
Work according to the short scenario to the level of 7 thousand. Further from the reaction of the level.

Note

did not reach the level of 7 thousand dollars a little. He made a false breakthrough of the channel down. Further momentum up is + 42%. Thus, the resistance of the previous channel and, most importantly, the downtrend were broken. Nevertheless, I am inclined to believe that, judging by the panic of the purchase and the nature of the movement, let's go along the bullish scenario and develop the 2016 fractal.

It is very important where the price will be fixed after the impulse.

BTC Fractal 2016. Flat 77 days and a shot. The trend. Dow Theory

Note

Trading idea with work areas for September 27th.

As we can see, the zones work out perfectly. You can see the way out of the price from the zone of $ 7000-7600 to the important area of the downtrend that I designated in advance. There is a trend puncture, no more. The only important thing is fixing the price. If there is a consolidation above the downtrend, then this will mean a change in the downtrend. And at the moment we are in a general downtrend. All options for working from different situations, I described in great detail in several trading ideas and videos.

Note

Variants of the development of the situation depending on the reaction of levels and trend lines

Trade closed: target reached

Price reached 3 zones

SpartaBTC

✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2

Also on:

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.