Logarithm. Time interval 1 day. A triangle is being formed, almost in the final phase of its formation. The price is in its lower zone. A breakthrough of the triangle resistance is a big pump, the minimum is its % from the base.
⚠️ It is worth noting that locally there may be a “dump” under the dynamic support of the formation for collecting liquidity. Although, in fact, this has already happened a little earlier. But, if the market allows, this can happen again. Just take this into account in your risk management.
It is worth emphasizing, for those who have tolerance, that in the center of the triangle (its integral part) a double bottom with a flat top (projection of forced actions of the market maker) has formed, which, as a rule, has a very positive effect on long-term goals (they are "not" on the chart).
There is a local correction of bitcoin and the market as a projection as a whole. A good time to accumulate altcoins. This is one of the candidates for accumulation. You can buy in parts (an acceptable average price is important):
1️⃣ That is, according to the market now, the first zone. 1/3 of the volume.
If you are afraid, then wait for a breakout of the triangle, that is, a breakout of the downtrend. You can set trigger orders for a breakout so as not to “freeze” money. If on your exchange, where you trade “dinosaur functionality” (for example, Binance), then in this zone you set a regular stop loss for buying (breakout).
2️⃣ The other part (you set trigger or limit orders) as the price decreases to collect liquidity, depending on the market situation. Zone 2 is the zone where everyone sets a stop loss, that is, everything is the other way around. It is displayed as a capitulation zone.
3️⃣ Third zone — in case of deep price slippage due to low liquidity (optional and unlikely). You simply place a grid of orders.
If you use trigger orders, which do not freeze money in the order, then you can also use this volume for a breakout. That is, resistance in the form of a triangle, and in the case of a negative scenario, key resistance levels that will form when the price falls, the breakout of which determines the trend reversal.
Linear for trend clarity and formation without market noise.
Don't get stuck in the market noise, as well as in the noise of the majority opinions, which is formed by the breath of micro-market movements and news FUD of deception, which forms the anti-logic of the market behavior at the moment, radically, to the opposite, and so many times.
If, conditionally, you are isolated from all this meaningless “important”, then as a consequence, you will have: a clear mind, a healthy psyche and many times greater profit over the distance.
Always stick to your trading plan and control risks, regardless of the news flow, and the opinions of others who want to convince you and incline you to their "correct" opinion.
Your trading plan should not change from the opinion of the majority or "unforeseen market movements".
If this is observed, then admit that you have no trading plan (hard work and intelligence), and you hope for luck, like most of those who "give to the market", and in the end you drain your life energy to the “golden Baal”. It will work once, the second time, in the end, the end is still the same - a negative sacrificial emotional explosion and devastation.
That is, your luck (Fortune-Tyche-chance) will turn away from you, and emotionally rape your psyche, empty your pocket (a resource for the realization of your desires on merit earlier), and the time previously spent on "I'll risk the last time". If a person deceives himself like this, encourages himself, then the last time turns into a trip with many alternations of stops - "good" / "a little painful", to the final stop, called — "big unbearable pain") ...
⚠️ It is worth noting that locally there may be a “dump” under the dynamic support of the formation for collecting liquidity. Although, in fact, this has already happened a little earlier. But, if the market allows, this can happen again. Just take this into account in your risk management.
It is worth emphasizing, for those who have tolerance, that in the center of the triangle (its integral part) a double bottom with a flat top (projection of forced actions of the market maker) has formed, which, as a rule, has a very positive effect on long-term goals (they are "not" on the chart).
There is a local correction of bitcoin and the market as a projection as a whole. A good time to accumulate altcoins. This is one of the candidates for accumulation. You can buy in parts (an acceptable average price is important):
1️⃣ That is, according to the market now, the first zone. 1/3 of the volume.
If you are afraid, then wait for a breakout of the triangle, that is, a breakout of the downtrend. You can set trigger orders for a breakout so as not to “freeze” money. If on your exchange, where you trade “dinosaur functionality” (for example, Binance), then in this zone you set a regular stop loss for buying (breakout).
2️⃣ The other part (you set trigger or limit orders) as the price decreases to collect liquidity, depending on the market situation. Zone 2 is the zone where everyone sets a stop loss, that is, everything is the other way around. It is displayed as a capitulation zone.
3️⃣ Third zone — in case of deep price slippage due to low liquidity (optional and unlikely). You simply place a grid of orders.
If you use trigger orders, which do not freeze money in the order, then you can also use this volume for a breakout. That is, resistance in the form of a triangle, and in the case of a negative scenario, key resistance levels that will form when the price falls, the breakout of which determines the trend reversal.
Linear for trend clarity and formation without market noise.
Don't get stuck in the market noise, as well as in the noise of the majority opinions, which is formed by the breath of micro-market movements and news FUD of deception, which forms the anti-logic of the market behavior at the moment, radically, to the opposite, and so many times.
If, conditionally, you are isolated from all this meaningless “important”, then as a consequence, you will have: a clear mind, a healthy psyche and many times greater profit over the distance.
Always stick to your trading plan and control risks, regardless of the news flow, and the opinions of others who want to convince you and incline you to their "correct" opinion.
Your trading plan should not change from the opinion of the majority or "unforeseen market movements".
If this is observed, then admit that you have no trading plan (hard work and intelligence), and you hope for luck, like most of those who "give to the market", and in the end you drain your life energy to the “golden Baal”. It will work once, the second time, in the end, the end is still the same - a negative sacrificial emotional explosion and devastation.
That is, your luck (Fortune-Tyche-chance) will turn away from you, and emotionally rape your psyche, empty your pocket (a resource for the realization of your desires on merit earlier), and the time previously spent on "I'll risk the last time". If a person deceives himself like this, encourages himself, then the last time turns into a trip with many alternations of stops - "good" / "a little painful", to the final stop, called — "big unbearable pain") ...
Note
16 01 2025 Note
09 02 2025 Showed percentages to key levels and their zones:
1) in cases of maintaining this support zone. The first resistance is the intersection of the mirror level and the descending line of the channel. A typical exit is a quick local pumping of the price from such zones after sideways consolidation into the previous zone of high liquidity.
2) In cases of updating the minimums (realization of the full bearish target of the triangle). Then everything is identical. Sideways, consolidation. Volume gain. And a quick pump-stick.
Trade active
24 03 2025 Everything is as before, nothing new. Levels, liquidity zones, percentages, reversal zones (breakthrough/not breakthrough, consolidation/not consolidation). Everything is as it was. The marker conditionally showed on the chart the options for the logic of price movement locally / medium urgently from this zone.
Note
But where the market is pulled, there goes the candy wrapper, which is logical. Although it is necessary to understand that the market maker collects from the market previously distributed nothing (although #volume, which is logical no, as there is no interest and hype already)
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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.
✅ 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
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
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.