We're not out of the woods yet. < $20K BTC is still possible. This is the same idea as last one but with Candles so that new bars will load (this feature is not available for Renko bars).
An Expanding Triangle is a pattern that starts with the price action squeezed tightly in the Apex (dotted blue line). There will be usually at least two swing highs and two swing lows in price. Overall volume usually diminishes as the pattern develops because traders become more and more unsure as to the market’s future direction. Also there may be several intermediate failed efforts to reach either the support or resistance as outlined by the triangle extensions. If the action creates a new bearish breakdown, typically the action will repeat the volatility experienced with the Pole creation (the vertical blue lines). We also need to pay close attention to the volume after the breakdown to recognise further development for the pattern. Another breakdown downwards is possible. Let's see what's gonna happen.
Safe trading everyone.
BTCEUR
BTC (BITCOIN) Weekly Scoutwe've been moving in this channel since 2017 and everytime we break trendlines, We retest it and continue to fall further.. now the scenario looks similar and positions should be kept active with utmost care. Will History Repeat? Will we see 12k BTC To buy Alts at cheap rates?
P.S : I Personally want 12k btc so i can buy alts there to see 40-50x Profits :D
Bitcoin Digital Gold Vs Gold = Bullish MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin needs to do this to become bullish
------------------------------------------------------------------------------------------------------------------------------------------------------------
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
------------------------------------------------------------------------------------------------------------------------------------------------------------
Whats NEXT For Bitcoin Now That AMAZON Has Denied Crypto ReportsMartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin & ALT Coins are Setting up for a HUGE bounce and we in CryptoCheck intend to make lifechanging money
------------------------------------------------------------------------------------------------------------------------------------------------------------
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
------------------------------------------------------------------------------------------------------------------------------------------------------------
BTCUSDHello dear friends
Given the scenario we talked about earlier in the previous channel, we are now at a critical juncture that could change the market trend. Now we have to wait for the market trend in this triangle to come to an end so that we can make decisions more easily. Please write your comments for me below this analysis and I will be happy and welcome. Be profitable
Don't go chasing waterfallsWait till BTC reached the (confirmed) bottom before going in. Everything can happen but I just want to share two possible scenarios. What do you think of this idea? I think Scenario 2 is very unlikely to happen but the chance Scenario 1 will play out is bigger than many people think.
Happy Careful trading everyone.
Bitcoin just got GameStop-edHello Traders
At the time of my previous publication it was clear that we were moving lower based on Technical Indicators and some chart patterns.
We, have since been GME-d.
See my related video update below on how to spot a short squeeze (and what is a short squeeze, why it happens, if you're not familiar).
Welcome to crypto, sigh.
In order for us to consider a reversal to sustained upward pressure, we would need to capture and CLOSE above 40k.
We have steep resistance at 40, but after that the path is clear to 50 and above.
Trade Safe,
BlockTechEv
BTCUSD 1h LONG/BULLISHBTCUSD 1h LONG/BULLISH - We're now approaching two very important lines, one is the Highlighted Blue Ray which indicates the previous low, this line is a support lime IF an hourly candles haves a wick below this line but it closes above, if this happens it's called a Swing Failure Pattern which indicates a possible reverse to the upside, if this doesn't happen than this line is worthless and we move to the next line which is our Daily and as you can see it is in a light blue box indicating we have a few confluences in this box, when this box is reached I expect one of these lines to hold as a strong support line and I personally will be laddering in long at each line, there is though a possibility of breaking all of these lines and going straight to the next support line below this one and so on, this is why you shouldn't rely on any TA before doing your own TA and research. This isn't trading advise but rather an idea that might take place, if this happens to go as planned we take profits at all Resistances (Linea above price) and move up our S/L as we take profits.
Panorama BTC: 07/12/21 Bull trap?Dear friends:
Here is my humble vision of BTC:
Yesterday we had the LTB false breakout of the wedge we were on. We see Bull Trap being pointed out in the graph.
Prices have retreated into the first buying zone, which is understood to be the 50/60% Fibonacci retracement zone. This zone is marked in green on the graph between the region of 33369-33060.
I see two possibilities:
1- Confirm this buy zone and go back up as indicated by the first arrow.
2 We go back to the bottom of the wedge and from there we go back up, as indicated by the two lower arrows.
In any case, we are in a very lateral market and it is very possible that the market will soon make a decision.
I reiterate that in my view we are not in an area to sell our BTCs, but rather in a buying area.
If you want to talk to me, send an inbox message, or click on the footer of this post!
Disclaimer: The above comments reflect solely my opinion, this is not a buy or sell recommendation. Just a series of published studies, so that together with the community we can discuss operational tactics and techniques.
CLICK DOWN HERE!
BTCUSD 1H LONG/BULLISHBTCUSD 1H LONG/BULLISH - We're currently holding a nice few lines of support that are in confluence and I personally think that we will hold it, I will be lattering my TPs on each of the resistance lines and taking profits there, THIS IS NOT FINANCIAL ADVISE, JUST AN IDEA, DO YOUR OWN RESEARCH!