BTC/USD Secondary trend. Double bottom zone.
Updated
Logarithm. Time frame 1 day. Secondary trend (part). The double bottom zone. Exit from the price wedging in a narrow range of more than 28 days (40 days). Breakout of the downtrend to the right of the “double bottom” pattern (purple).
All the same on the candlestick chart (“Market Noise”). Time frame 1 day.
This trade idea of local work before the big events, it is a continuation of the previous idea of this direction 28 08 2022
Local important events of the financial sector to pay attention to has published in his channel.
BTC/USD Secondary trend (part). Potential double bottom
Secondary trend. Time frame 1 week.
The full secondary trend before the double bottom formation was shown in this idea.
Price is now at resistance of the dynamic downtrend line (red)
BTC/USD Just comparing % with the fall in 2013-2015
Main trend Time frame 1 month.
BTC/USD Secondary trend cycles and halvings.
It is significant how much you earn when you are right and how much you lose when you are wrong. You should know these potential values initially before you enter a trade. If you can't determine them, or the risk is too great, then refrain from trading.
All the same on the candlestick chart (“Market Noise”). Time frame 1 day.
This trade idea of local work before the big events, it is a continuation of the previous idea of this direction 28 08 2022
Local important events of the financial sector to pay attention to has published in his channel.
BTC/USD Secondary trend (part). Potential double bottom
Secondary trend. Time frame 1 week.
The full secondary trend before the double bottom formation was shown in this idea.
Price is now at resistance of the dynamic downtrend line (red)
BTC/USD Just comparing % with the fall in 2013-2015
Main trend Time frame 1 month.
BTC/USD Secondary trend cycles and halvings.
It is significant how much you earn when you are right and how much you lose when you are wrong. You should know these potential values initially before you enter a trade. If you can't determine them, or the risk is too great, then refrain from trading.
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Local key zones of levels on which further separation depends on the arrows (breakout/non-breakout, fixing/non-fixing).
Stops breakout zones. Collection of liquidity. Fuel.
Stops zones are shown. This price squeeze (it's an algorithm of exchanges, all different is one) is done on purpose, so that people are divided (bulls and bears) and put on their logic of understanding short stops. They will break out where there will be more (fuel for the momentum), it is quite possible that in two directions locally (short stops). And then the main movement.
The arrows indicate levels (zones) anchoring above (long) and below (short) will be key for the development of the trend. I emphasize fixing.
Alts correlation with bitcoin.
Do not forget that bitcoin is a driver of market direction. Consequently, the direction of the alts. If you work locally and there is a profit on alts protect it.
Margin and Stops.
Be sure to use stops when dealing with margin, regardless of collateral. Be aware of the range of stops and liquidity, this is very relevant for low-liquidity alts. "Jokes" by the exchanges can turn your deposit to zero in seconds, you won't be able to prove anything.
Remember that most of the trading volume you see in the cup is bogus. "Draining the cup" in a moment by collusion (disabling the bidding volume baiting) will hurt like 13 03 2020. Whatever happens, always remember this and what you will do if it happens.
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