1h
Bullish Rectangle or Double Rising Wedge?It's a major debate at this moment wether Bitcoin is forming a bullish rectangle or a double rising wedge.
Regardless of opinions, when zooming out on the 1h, 4h and daily charts, it is hard not to first observe the bullish rectangle. And in the end, we care about the long term.
If the rising wedge is confirming with a slight drop, it will be only short, retail stop loss hunting which will most likely not break 36,500
As we have consolidated at crucial support 38,000, it is expected that bitcoin will tackle the next major milestone at 40,000 before the big battle at 43,500.
BTC needs to hold key level to go to 36,100BTC is trading at key levels with an uptrend on linear regression on the 1h chart.
It needs to hold current level at ~35,900 to be able to move to the next support at ~36,100
Traders should expect scalping as a good trading strategy as volume is unpredictable.
BTC can go either way at this current level.
BTC 1h Volume Breakout!Well BTC 1h gave us confirmation of the breakout, as you can see the large spike in Volume. This is a very bullish sign. We will wait to see what kind of upside we will get from BTC over the next few days. We are not out of the woods just yet. We need that daily confirmation first before we get too excited here.
But this is a good start.
BTC 'W' Pattern Neckline!Good morning!
I started this morning by looking at this W pattern which formed on the smaller BTC time frames, and is sitting right at the neckline right now!
Watch the video to see what my targets for the inmediate short-term BTC price are!
Oh here's my face btw :)
I hope you enjoy it!
Happy trading!
GBP - USD Deep TA - Final Part 4/4 -1HGBP USD TA final part 4 from the 4 parts. Overview of 1H chart and putting puzzle pieces all together. TA in 1 - 3 parts clearly pointing to continuous trend down. S/R levels, channel, pattern and trend direction . A Clasical trend down collecting pips within channel down and looks like has still got a bit way to go down. We’ve got some general picture over here for now.
Someone says time to buy and jumped to BUY. I did opposite, I did open sell position. I do believe, jumping is good for fitness or fun only. I do believe in extended TA and ENTERING trades with a well chosen entry point, SL and TP levels. I would like to do some “Jumping” after profit pips collection only. Even if you missed a perfect “entry” point, you still have a trend heading in the clear direction on the higher timeframes and easily guessed reverse levels. Please don’t forget about retracements. Please be patient, check first at all higher times frames ,do TA and just after only, look for a “perfect” entry on the smaller time frames of your liking.
It is not some financial advice, just my way of going through with TA and preparing for the “perfect” entry.
Share your TA, thoughts , likes as well please!
Long live and prosper to all traders!
BTC |Technical Analysis| 1HR✅ BTC/USD ANALYSIS✅
Btc is currently in its consolidation phase after the most recent massive sell off. As you can see price has traveled quite far away from the 4H down trend line, price wants to retest this area at least one more time before continuing down. It has broken the 1hr timeframe downtrend and created higher high's. All that is left to confirm this entry is a break + retest of the 49.6 R level. As we monitor price around this area, if we see price create bullish price action then we will long it with a nice 1 : 2.5 R
LINKUSD 256% AIM 54H WATCHRisky bottom calling. 1h candles, RSI and blue waves look like they're building. Taking profit along the way if fakeout
shibusdt/1hMy scenario for shiba is something like this;
I think we gonna have another impulse wave for shiba (the 5th wave) after current wave (the 2nd correction wave) .November 4th is important and possible date to will see the ending of the 4th wave (start line for the 5th wave). Another possible date for trend reverse is November 10th and it will be able the entire of the 5th wave.
No longer idea is 100% but according to the wave analysis we are in the 4th wave and we gonna have another impulse wave.