BTC to ATHThis is a chart I prepared a few months ago. I never shared it. BTC got in the "Buy Zone" just briefly. Now we have set a series of higher lows. This is a Bullish setup. I see a break from previous resistance with strength to go higher. ATH in the near to medium term.
Stack Sats on pullbacks and don't over-trade.
Not your Keys. Not your Crypto.
Stay safe my friends.
Bitcoinlong
ETH’s Next Move: Is $3,600 Within Reach for This Bull Run?Hey Realistic Traders, Is BINANCE:ETHUSDT About to Make New High Again? Let’s Dive In....
On the H4 timeframe, ETHUSDT rebounded above the 38.2% Fibonacci level, marking the completion of wave 4. Within this wave, a symmetrical triangle pattern formed and recently broke out above the upper trendline. This breakout was further confirmed by a bullish MACD crossover, signaling increasing momentum and strengthening the case for a continued upward move.
Based on these technical signals, I anticipate a potential upward movement toward the first target at $3,376 . After reaching this level, a minor pullback is likely before the rally continues toward a new high at $3,684.
This outlook remains valid as long as the price holds above the stop-loss level at 3,008.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Ethereum.
How Do They Contribute to the Surge Above $100K on Deribit?A New Era of Crypto Adoption Dawns
The cryptocurrency market has been ablaze with bullish sentiment, and Bitcoin (BTC) has taken center stage. A particularly striking development has emerged from the derivatives market, with Bitcoin futures on Deribit trading above the $100,000 mark for contracts expiring in March, June, and September 2025. This unprecedented surge in futures prices signals a profound shift in market sentiment and underscores the growing anticipation for Bitcoin's long-term potential.
The Deribit Phenomenon
Deribit, a prominent cryptocurrency derivatives exchange, has become a focal point for institutional investors and traders seeking exposure to Bitcoin's volatility. The exchange's robust trading platform and deep liquidity pools have attracted diverse market participants, from hedge funds to retail traders.
The recent surge in Bitcoin futures prices on Deribit can be attributed to several factors:
1. Institutional Adoption: A growing number of institutional investors, such as hedge funds and pension funds, are allocating a portion of their portfolios to cryptocurrencies. These institutions often prefer derivatives markets for their flexibility and risk management capabilities.
2. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions, including the United States, has boosted investor confidence. As governments worldwide grapple with the implications of cryptocurrencies, a more favorable regulatory environment could further accelerate adoption.
3. Network Upgrades: Bitcoin's ongoing network upgrades, such as the Lightning Network and Taproot, are enhancing the efficiency and scalability of the blockchain. These improvements could lead to increased adoption and transaction volume.
4. Deflationary Nature: Bitcoin's limited supply and deflationary nature make it an attractive asset for long-term investors. As the demand for Bitcoin grows, its price is expected to appreciate over time.
A Glimpse into the Future
The $100,000 price level for Bitcoin futures represents a significant psychological barrier. Breaking through this level could further ignite bullish sentiment and attract new investors to the market. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
While the long-term outlook for Bitcoin remains optimistic, short-term price fluctuations are inevitable. Investors should approach the market with a long-term perspective and be prepared for potential volatility.
The Road Ahead
As Bitcoin continues to evolve and mature, its role in the global financial system is likely to expand. The recent surge in futures prices on Deribit is a testament to the growing recognition of Bitcoin's value proposition. However, it is crucial to remain cautious and conduct thorough research before investing in cryptocurrencies.
Potential Challenges and Risks
Despite the bullish sentiment, several challenges and risks could impact Bitcoin's price trajectory:
1. Regulatory Uncertainty: While regulatory clarity is increasing, inconsistent regulations across different jurisdictions could create uncertainty for investors.
2. Market Manipulation: The cryptocurrency market is susceptible to market manipulation, especially by large players with significant financial resources.
3. Security Risks: Hackers and cybercriminals pose a constant threat to cryptocurrency exchanges and wallets.
4. Economic Downturns: Economic downturns and geopolitical tensions could negatively impact the cryptocurrency market.
Conclusion
The recent surge in Bitcoin futures prices on Deribit marks a significant milestone in the cryptocurrency market. However, investors should approach the market with caution and be aware of the inherent risks. As the cryptocurrency industry continues to evolve, it is essential to stay informed and adapt to the changing landscape.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice.1 Please conduct your own research2 or consult with a financial advisor before making any investment decisions.
How Do They Contribute to the Surge Above $100K on Deribit?A New Era of Crypto Adoption Dawns
The cryptocurrency market has been ablaze with bullish sentiment, and Bitcoin (BTC) has taken center stage. A particularly striking development has emerged from the derivatives market, with Bitcoin futures on Deribit trading above the $100,000 mark for contracts expiring in March, June, and September 2025. This unprecedented surge in futures prices signals a profound shift in market sentiment and underscores the growing anticipation for Bitcoin's long-term potential.
The Deribit Phenomenon
Deribit, a prominent cryptocurrency derivatives exchange, has become a focal point for institutional investors and traders seeking exposure to Bitcoin's volatility. The exchange's robust trading platform and deep liquidity pools have attracted diverse market participants, from hedge funds to retail traders.
The recent surge in Bitcoin futures prices on Deribit can be attributed to several factors:
1. Institutional Adoption: A growing number of institutional investors, such as hedge funds and pension funds, are allocating a portion of their portfolios to cryptocurrencies. These institutions often prefer derivatives markets for their flexibility and risk management capabilities.
2. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions, including the United States, has boosted investor confidence. As governments worldwide grapple with the implications of cryptocurrencies, a more favorable regulatory environment could further accelerate adoption.
3. Network Upgrades: Bitcoin's ongoing network upgrades, such as the Lightning Network and Taproot, are enhancing the efficiency and scalability of the blockchain. These improvements could lead to increased adoption and transaction volume.
4. Deflationary Nature: Bitcoin's limited supply and deflationary nature make it an attractive asset for long-term investors. As the demand for Bitcoin grows, its price is expected to appreciate over time.
A Glimpse into the Future
The $100,000 price level for Bitcoin futures represents a significant psychological barrier. Breaking through this level could further ignite bullish sentiment and attract new investors to the market. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.
While the long-term outlook for Bitcoin remains optimistic, short-term price fluctuations are inevitable. Investors should approach the market with a long-term perspective and be prepared for potential volatility.
The Road Ahead
As Bitcoin continues to evolve and mature, its role in the global financial system is likely to expand. The recent surge in futures prices on Deribit is a testament to the growing recognition of Bitcoin's value proposition. However, it is crucial to remain cautious and conduct thorough research before investing in cryptocurrencies.
Potential Challenges and Risks
Despite the bullish sentiment, several challenges and risks could impact Bitcoin's price trajectory:
1. Regulatory Uncertainty: While regulatory clarity is increasing, inconsistent regulations across different jurisdictions could create uncertainty for investors.
2. Market Manipulation: The cryptocurrency market is susceptible to market manipulation, especially by large players with significant financial resources.
3. Security Risks: Hackers and cybercriminals pose a constant threat to cryptocurrency exchanges and wallets.
4. Economic Downturns: Economic downturns and geopolitical tensions could negatively impact the cryptocurrency market.
Conclusion
The recent surge in Bitcoin futures prices on Deribit marks a significant milestone in the cryptocurrency market. However, investors should approach the market with caution and be aware of the inherent risks. As the cryptocurrency industry continues to evolve, it is essential to stay informed and adapt to the changing landscape.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice.1 Please conduct your own research2 or consult with a financial advisor before making any investment decisions.
BTC to100K: Riding the Bullish Breakout with Strong FundamentalsBTC is currently showing strong bullish momentum, with both technical and fundamental factors in alignment. The trade aims to capitalize on this momentum towards the 100K level, with a cautious eye on potential selling pressure. Pay attention to the consolidation range, as further upward movement could solidify BTC’s path to the target.
Technical Overview:
• Trend: We are in a strong bullish trend, trading well above the 200MA, indicating sustained upward momentum.
• Breakout & Retest: Recently, BTC saw a breakout and a successful retest, reinforcing this trend.
• Range Consolidation: Currently consolidating within a range, with a low at 85K and a high at 93K. I’ve taken a mid-range entry to capitalize on any upward movement within this channel.
• Plan: If sellers aggressively push the price above the 85K level, I will consider reentry opportunities aligned with price action.
Fundamental Drivers:
1. Global Adoption & Regulation: The Fed’s constructive stance on digital assets, combined with increasing demand and institutional adoption, is supporting BTC’s upward trajectory.
2. Economic Conditions: As inflation and interest rates remain focal points, Bitcoin is being viewed as an inflation hedge. Additionally, El Salvador’s adoption of BTC as legal tender is adding to the credibility and mainstream adoption of cryptocurrency.
3. Bitcoin ETF: The SEC’s positive outlook on a BTC-based ETF is expected to boost demand and further legitimize BTC within traditional financial markets.
4. Geopolitical Factors: War-driven demand, potential sanctions on Russian money, and global financial uncertainty are all fueling demand for BTC as a decentralized, safe-haven asset.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
update on $BINANCE:BTCUSDT BTC rally is not finshed yet ) heading minimum to $100k, maximum see fibonacci levels on the graph.
Our educated guess based on the WA and other experts analysis is $104k.
Then a correction week or more long, that will most likely broaden the channel of a bigger impulse (wave 4) somewhere close to 87-88k.
Bitcoin Analysis | Pullback before 100k?Hi Traders!
Bitcoin reaching the mythical $100,000 figure seemed a lofty target as recently as a few months ago, as the asset spent months in a narrow range under $65,000. But the promise of swiftly changing U.S. regulations has revived the dream.
That said, the route to 100k may need some pullback before reaching the Target, and this could be considered the last opportunity for the bulls to ride this wave. If we look at the daily chart, the trend remains bullish but BTC is approaching a major resistance area that could trigger a corrective structure on a lower time frame.
It will be necessary to update this analysis when we have clear levels to follow.
Thanks for your support!
#BTC/USDT Analysis Update Bitcoin is consolidating within an ascending triangle, a classic bullish continuation pattern.
BTC is respecting the ascending trendline as support.
Horizontal resistance is forming around $93,000, acting as a breakout level.
The price currently trades above the Ichimoku Cloud, indicating underlying bullish momentum.
The cloud acts as dynamic support, reinforcing the possibility of an upside breakout.
Decreasing volume during consolidation indicates preparation for a significant move.
Watch for a volume spike on the breakout.
The RSI is in a healthy range and is moving upwards.
The MACD shows the possibility of a bullish cross, indicating upward momentum.
Resistance Zone: $93,000 – $93,500 (Breakout Level)
Support Trendline: $89,000 – $90,000 (Triangle Base)
A close above $93,500 confirms the breakout.
Possible Upside Targets: $95,000, $98,000, and $100,000.
A drop below $89,000 could signal bearish momentum.
Downside Targets: $87,000 and $85,000.
BTC is building momentum and could break out of the triangle soon. A breakout above $93,000 with rising volume would confirm bullish dominance. Stay alert and prepare for confirmation! 🚀
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
Bitcoin’s breakout above $73,000, target of $75,000 to $77,000Here's a technical analysis based on your Bitcoin (BTC/USD) chart:
1. **Current Price and Key Levels**:
- **Current Price**: Bitcoin is trading around $72,595.
- **Breakout Level**: The price recently broke through the $73,000 resistance level, indicating a strong upward momentum.
- **Support Levels**: Key support levels are visible around $66,593 and $54,896.
2. **Trend Analysis**:
- Bitcoin is in an uptrend channel, with higher highs and higher lows forming.
- The breakout above the $73,000 resistance signals potential bullish continuation.
3. **Target Levels**:
- **Short-term Target**: Based on the channel and breakout, the next target range is around $75,000 to $77,000 .
4. **Stochastic RSI**:
- **Current Stochastic RSI Level**: The Stochastic RSI is around 67.25, showing that it is nearing the overbought zone.
- If the Stochastic RSI enters the overbought zone, it may indicate a potential pullback or consolidation.
5. **Volume**:
- The net volume is relatively low, suggesting that the breakout might need more volume support for a sustainable uptrend.
Summary :
Bitcoin’s breakout above $73,000 indicates bullish momentum with a possible target of $75,000 to $77,000 . However, watch for overbought signals in the Stochastic RSI, which may indicate a pullback. Maintaining support above $66,593 will be crucial for the bullish trend to continue.
BTC, one last push (to take out liquidity)Hello everyone,
following the liquidity that is still forming like clouds above all new ATH bitcoin made we are close to a decision point for Bitcoin. The moves are getting more and more choppy and considering the strong rally I guess a correction is outstanding. But first we should see another move higher completing a five wave cycle of a third wave.
Quick update BTC LONG from 15 novembre15 novembre i did a analyse saying if she breaks the red box I would open a long and that whats I did. After breaking the red box she did 3 times a succesfully retest with a head and shoulders pattern and now she is moving very slowly to the TP. I'm still in. Sometimes you need patience it's all. When its need a new update I will give it.
MICROSTRATEGY’S COMEBACK: HOW BITCOIN RESCUED A TECH GIANT Did you know? NASDAQ:MSTR was once the darling of the 90s tech boom, but spent TWO DECADES in decline after the bubble burst. 📉
That all changed when @saylor made the boldest bet in corporate history—he turned to Bitcoin. 💡 By selling equity, he fueled NASDAQ:MSTR 's massive BTC acquisition, and now? The stock has charged back towards its all-time highs after two decades. 📈
Critics called it reckless, but Saylor's vision was clear: Bitcoin would save the company. Now, he's vindicated—and MicroStrategy is thriving again
This is the power of conviction and bold moves in the face of doubt. 😤💯
The future will be built on decentralized technology and there is nothing better than BTC & DOGE 🧡 🚀
Are Spot Bitcoin ETFs New Top Investment Choice for Investors?
A Six-Week Streak of Strong Investor Demand
Spot Bitcoin exchange-traded funds (ETFs) have continued their impressive performance, attracting substantial inflows over the past six weeks. The latest week saw an influx of $1.7 billion, further solidifying the growing institutional interest in Bitcoin. This consistent inflow has propelled the total net assets of spot Bitcoin ETFs to a staggering $95.4 billion, representing 5.27% of Bitcoin's current $1.8 trillion market capitalization.
Decoupling from Traditional Markets
A notable trend has emerged in recent times: Bitcoin's correlation with traditional assets like U.S. equities and Ether has weakened. This decoupling suggests that Bitcoin is increasingly viewed as an independent asset class, driven by its own unique fundamentals and market dynamics. As a result, Bitcoin's price action has become less reliant on broader market trends, allowing it to exhibit its own volatility and momentum.
Crypto Market Reaches New All-Time High
The cryptocurrency market as a whole has reached a new all-time high of $3.025 trillion, fueled by the continued adoption of Bitcoin and other digital assets. While Bitcoin has consolidated around the $92,000 level, the broader market has seen significant gains, with many altcoins experiencing substantial price increases.
Factors Driving Bitcoin ETF Inflows
Several factors are contributing to the strong demand for Bitcoin ETFs:
1. Institutional Adoption: A growing number of institutional investors, including hedge funds, pension funds, and corporations, are allocating a portion of their portfolios to Bitcoin. ETFs provide a convenient and regulated way for these institutions to gain exposure to Bitcoin.
2. Regulatory Clarity: Increasing regulatory clarity in major jurisdictions has boosted investor confidence. As governments and regulators around the world develop frameworks for cryptocurrencies, it has paved the way for institutional adoption.
3. Safe Haven Asset: Bitcoin is often viewed as a safe-haven asset, particularly during times of economic uncertainty or geopolitical tensions. Its limited supply and decentralized nature make it an attractive investment option for many investors.
4. Technological Advancements: Ongoing advancements in blockchain technology, such as scalability solutions and smart contract capabilities, are enhancing Bitcoin's utility and potential applications.
The Future of Bitcoin ETFs
The continued success of Bitcoin ETFs is likely to have a significant impact on the broader cryptocurrency market. As more ETFs launch and attract investment, it could further legitimize Bitcoin and other cryptocurrencies. Additionally, it could lead to increased price volatility and potentially higher valuations.
However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
The Countdown to $107K: $BTC's Bullish Continuation Signal NearsA strong monthly signal on CRYPTOCAP:BTC is approaching, almost ready to trigger one of the most significant signals since the low in November 2023.
This signal is a continuation of the current uptrend.
If CRYPTOCAP:BTC reaches $85K before December, it will confirm the breakout from the current consolidation phase. From there, we could potentially see $107K and $188K by July 2025.
Many haven’t noticed, but there’s hidden strength in the trimester bars as well. Overall, I don’t see anything bearish in the current momentum. $107K no longer seems like a distant target, but we still need to see higher highs on the monthly chart for further validation of the signal.
There’s a small chance CRYPTOCAP:BTC could exceed $200K, but that would likely require the trimester signal to kick in from the $60K consolidation phase. While it's not my primary expectation, it's worth noting as a possibility.
Also, prices below $60K seem unlikely at this point—at least not until this bull run is over. Don’t expect to see any dips below $70K during retracements (and even that would be generous).
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Previous post for reference:
BITCOIN ON ITS WAY TO A NEW ALL TIME HIGH! TA + TRADE PLANTechnical Analysis of Bitcoin (BTC/USDT)
Price Action:
The chart shows an ascending triangle pattern, which is typically a bullish continuation pattern. It suggests that Bitcoin is likely preparing for an upward breakout. The price has been respecting the support trendline (ascending) while testing the resistance level at around $91,700.
There is strong upward momentum, confirmed by the price movement toward the resistance, with higher lows indicating growing buyer interest.
Indicators:
VMC Cipher B Divergences:
The indicator shows a bullish divergence (green color), which often suggests that the price is likely to break above resistance, supported by buying momentum.
RSI (Relative Strength Index):
RSI is currently at 61.77, which is in the neutral zone (neither overbought nor oversold). This suggests that Bitcoin still has room for upward movement before becoming overbought.
Stochastic Oscillator:
The Stochastic is at 88.21, indicating a potential overbought condition, suggesting that while there may be an upward push, a pullback could follow soon if the price rises too quickly.
HMA (Hull Moving Average):
The HMA histograms show bullish momentum (green area), which indicates strong upward trends, though the shift to red on lower timeframes suggests caution for short-term corrections.
Money Flow Index (MFI):
MFI is showing a value of 51, indicating balanced buying and selling pressure. This suggests that while the market has potential for an upward move, it is still neutral in terms of volume and money flow.
Volume Analysis:
The volume profile shows a buildup of buying activity with the price consolidating near the resistance zone. Volume is steadily increasing, which is usually a positive sign for a breakout.
There is lower volume in the consolidation area, which could indicate a breakout is imminent.
Trading Plan
Entry Strategy:
Buy Position: If Bitcoin breaks above the resistance level at $92,212 with high volume, consider entering a long position. This breakout could push the price toward the next resistance at $95,000 or higher.
Watch for confirmation with volume spikes and RSI maintaining below 70 to avoid entering when the market is overly extended.
Target Price (Take Profit):
The next immediate resistance levels to target are $95,000 and $102,500. Set partial take profit orders around these levels.
A more aggressive target would be $105,000 (based on the breakout projection).
Stop Loss:
Place a stop loss below the support trendline or around $85,000 to mitigate risks in case of a false breakout or price reversal.
For more conservative risk management, a tighter stop loss around $87,500 could be used if the breakout is confirmed with strong volume.
Risk Management:
Use proper risk management, aiming to risk no more than 1-2% of your portfolio on each trade.
Watch for volatility and unexpected moves, especially considering the high stochastic reading, which might indicate a short-term overbought condition.
Alternative Scenario (If Breakout Fails):
If the price fails to break above resistance and falls back into the consolidation zone, consider a short position only if the price breaches the support line.
Watch for bearish divergence in the indicators (such as RSI or MFI) for confirmation of a potential downtrend.
This plan provides a clear strategy for trading Bitcoin, balancing potential profits with careful risk management. Stay alert for market updates, and adjust your strategy accordingly if significant changes occur.
BCH Parabolic Incoming?it seems BCH is poised for a parabolic rise,
Technical analysis is saying so, fundamental reasons is there as well as a big update to the core has been commited over the past days, you can read about it here:
u.today
based on the news it now rivals ETH!
"This upgrade fully utilizes Bitcoin Cash's fundamentally more scalable architecture to provide math capabilities that surpass those of Ethereum such as "bare metal" performance, more byte-efficient and cheaper transactions"
let's see how this unfolds.
Bitcoin Long Prediction: ICT Market Maker Model Points to $145KUsing the ICT Market Maker Model, Bitcoin appears to be progressing through its third phase—expansion—after respecting the consolidation phase. The chart clearly marks three distinct zones:
-Red: Key reversal zones where price reacts sharply, potentially indicating trend changes.
-Light Green: Consolidation zones, where the price accumulates before a breakout or breakdown.
-Purple: Expansion zones, showcasing the directional move away from the consolidation phase.
Currently, Bitcoin has moved into the expansion phase and is showing bullish momentum. If this model continues to play out, the next key target lies around the $145,000 level, aligning with the expansion phase projection and targeting all-time high buy-side liquidity levels.
Always validate with high-timeframe confluences and ensure proper risk management while trading.
ADA Surges Amid Rumors of Hoskinson-Trump PartnershipIn his latest YouTube live stream, Charles Hoskinson, the founder of Cardano, announced plans to establish an office dedicated to engaging with government authorities, strengthening Cardano’s strategic position in the global regulatory landscape. This initiative underscores Cardano's commitment to aligning with market trends and regulatory requirements, positioning the ecosystem for greater institutional adoption.
Hoskinson revealed that his team is in contact with key political and regulatory figures, indicating that Cardano is strategically poised to benefit from regulatory advancements and new opportunities in the global cryptocurrency market. This move aims to ensure that the blockchain remains not only competitive but also a leader in compliance and innovation.
With this enhanced focus on regulation and the network's ongoing technological advancements, such as the growth of its DeFi ecosystem and increasing interoperability, ADA has a realistic potential to reach $8 in the near future. Analysts highlight that, supported by Cardano’s solid fundamentals and strong community backing, the project is well-positioned for substantial growth, especially in a more defined regulatory environment.
This new phase cements Cardano as one of the top contenders in the crypto market, offering significant opportunities for investors looking to capitalize on its upward trajectory. BINANCE:SOLUSDT COINBASE:BTCUSD BINANCE:BTCUSD
Potential bullish set up bitcoinFor now, I'm waiting, but I was looking for a long on Bitcoin and if she can break the red box on the chart, if she can break this, I will open long because I think she will go into around 97.000k , make a new all-time high. The price is bullish, so let's see if she can break. If she can break, we're going to make a new all-time high. Let's see if she can do it.
HAL Swing trading Setup - Descending TriangleChart Analysis:
1. Descending Triangle Pattern:
• The chart shows a descending triangle with lower highs (LHs) forming resistance and a horizontal support zone. This pattern typically indicates a bearish continuation, though an upside breakout can happen.
• The trendline resistance appears well-respected, with a downtrend line pushing prices lower.
2. Resistance Levels:
• There is a resistance zone marked above current price levels.
• Resistance 1 and the trendline serve as a major area where a potential pullback could be seen.
3. Support Levels:
• A clear horizontal support level is visible, which has been tested multiple times, increasing the significance of a potential breakdown.
4. RSI Indicator:
• The RSI shows a downward trend but does not appear to be in oversold territory yet. This implies room for further downward movement but also warrants watching for a potential reversal signal.
Swing Trade Setup:
1. Bearish Scenario (Preferred based on the chart):
• Entry: Consider entering a short position if the price closes below the marked support zone with strong volume.
• Stop Loss: Place a stop loss above the descending trendline resistance to mitigate risk in case of a reversal or fake breakdown.
• Target 1: Use the measured move from the widest part of the triangle to estimate the potential target level for the downside move, aiming for key support levels below (e.g., 3,200-3,000).
• Target 2: If momentum is strong, trailing stops can help capture more of the move downwards.
2.Bullish Reversal Scenario:
• Entry: If the price breaks above the descending trendline with strong volume and closes in the resistance zone, it may invalidate the bearish pattern, indicating potential bullish momentum.
• Stop Loss: Set a stop loss below the breakout candle’s low to avoid potential false breakouts.
• Target 1: Aim for key resistance levels above, including previous swing highs.
• Target 2: Monitor RSI and volume for signs of overbought conditions.
Risk Management:
• Position Sizing: Ensure your position size aligns with your risk tolerance, ideally risking no more than 1-2% of your account balance per trade.
• Monitoring Volume: Increased volume on breakdown or breakout moves strengthens conviction in the trade direction.
• Adapting to Market Conditions: Be prepared to switch to the bullish scenario if the market sentiment shifts unexpectedly.
Caution:
• False breakdowns are possible, especially if volume is low or market sentiment shifts rapidly.
• Keep an eye on broader market trends and sector performance for additional cues on stock direction.
Disclaimer : This analysis is for informational purposes only and does not constitute financial advice or an investment recommendation. Trading in financial markets involves substantial risk, and you should be aware of your risk tolerance and investment objectives. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. The author of this analysis is not responsible for any financial losses you may incur based on the information provided.