hello guys...
let's check what happen to BTC
firstly formed a three-drive pattern and break out its ascending trendline...
secondly made a consolidation after break out and price from equilibrium decided to break down consolidation...
thirdly after break down make a falling knife and return to %0.3 of that pattern (knife support)...
now btc have 2 area that we can get positions..
first scenario:
entry: market
stop loss: 16350
tp1: 16060
tp4:15811
second scenario:
we are waiting until price reach to QMM level area or flag at break out then get position
entry: 16380
stop loss: 16500
tp1: 16200
tp3:16000
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
let's check what happen to BTC
firstly formed a three-drive pattern and break out its ascending trendline...
secondly made a consolidation after break out and price from equilibrium decided to break down consolidation...
thirdly after break down make a falling knife and return to %0.3 of that pattern (knife support)...
now btc have 2 area that we can get positions..
first scenario:
entry: market
stop loss: 16350
tp1: 16060
tp4:15811
second scenario:
we are waiting until price reach to QMM level area or flag at break out then get position
entry: 16380
stop loss: 16500
tp1: 16200
tp3:16000
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.