Beautiful symmetrical triangle on BTC!!We have this Beautiful symmetrical triangle on the daily BTC chart. We have multiple touch points to the upside and downside with one small fake out to the upside where we failed to hold it as support.
Personally i am holding my long position since 37.7k because we had bullish divergance on the daily. But if you dont have any position be patient and wait to go long at the support if we come down again or if we breakout with the volume conformation.
What do you think about this symmetrical triangle?
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BTC TO THE MOON!!!
Btctothemoon
Descending triangle is about to breakout on BTC!!We have this textbook descending triangle pattern on the 4 hourly and is about to breakout.
I am in short position since 39k and my stop loss is at 39.5k on the 20X leverage and my price target is 37k where i am maybe even interested to go with a long position of the sign of a bounce.
As the Nick Diaz once said "Dont be scared homie"
What do you think about this descending triangle?
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10 years of support and ascending triangle on BTCIn the times like this where uncertainty, doubt and fear takes the market, smart money comes in and pushes the market up.
After every bull market that we had since the beginning of the BTC we had consolidation phase in the shape of ascending triangle.
After the first bull-run from the breakout we had 1100%, after the second 350% and if we continue that growth BTC should go up 110% after the breakout.
The support line had one small fakeout because of the pandemic but it bounce right back up.
The history has showed us that this is a perfect buying oportunity and i am glad that i have a chance to use it.
What do you think about this support line and ascending triangles?
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BTC TO THE MOON!
Descending Broadening Wedge on BTC!!!Like the last time we have fear, pannic and descending broadening wedge in the market.
At the moment we have divergence on the 4 hourly which i think is going to bring us to the upper line of the wedge, but i also think we are going to be rejected from it because at the moment there isn't enough buying preassure.
If we come down to the support line again i am going to open a long position and buy a bunch of altcoins for cheap.
What do you think about this Descending Broadening Wedge?
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BTC TO THE MOON!
Ascending Triangle on the daily BTC On the daily timeframe we have this beautiful ascending triangle.
As we all know ascending triangle is bullish pattern and it's very high probability to break to the upside.
However we may go down to retest support line before we break to the upside.
The target of this pattern is 55.3K which is in perfect confluence with the golden pocket.
What do you think about this ascending triangle?
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BTC TO THE MOON!
We have huge falling wadge on the daily BTC chart!!Everybody is now looking at the ascending channel on the weekly and i also saw it but at 34k (you can look at my profile).
Now everybody on YouTube is talking about it and that is why i think that we are going to break it to the downside to make them even more bearish.
So i think we are going to low 30k levels even maybe slightly below.
This huge falling wadge has already multiple touch points on the upside and downside.
We have one small fake out and after that 2 times we findet a support on the bottom line, however on the weekly we dont have this fake out because we closed above it.
As we all know at that levels we have massive support and i dont think is going to be broken.
Another indication of the revrsal at that level, is the RSI on the weekly, because is most likely going to be at 30, whith has heppened only 2 times at the bear market low in 2015 and bear market low in 2018.
What do you think about this falling wadge?
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BTC TO THE MOON!
We have weekend ranging on BTC again?!Last two weekends everybody how fallow me knows that we have been trading the range over the weekend.
In most cases we are trading in the range over the weekend bacause of the low volume and lack of big players involvement.
Just last week we have won 7 trades and lost just 1, i hope we are getting this weekend ranging market again.
If you dont know how to identifay ranging trands you can look at my profile where i explained my strategy.
I wish you good luck and trade the range until it breaks.
Last week we got nice ranging, what do you think are we getting ranging again?
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BTC TO THE MOON!
Can we get a retest of this Rising Wadge on BTC?As i told you at 44k we had hidden bearish divergence on the weekly and bearish divergence on the daily, point of control, daily resistance level and golden pocket. On the top of that we had this bearish pattern called rising wadge that we broke to the downside so it was clear to me that we are going down.
At the moment we are at the support levels where i am taking advantage of the ranging market because of the low volume on the weekends.
However i am expecting a bounce from this point at beginning of the week and retest of the breakout point betwen 42 and 42.8k where we can get our short position filled.
On the weekly i am still bullish and i am expecting a bounce from the ascending channel on the weekly and continuation of the bullrun 2.0.
If we break the channel and close weekly below it we can expect bear market and lower twenties.
What do you think about this rising wadge retest and can we reach the target?
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BTC TO THE MOON!
Perfect Bitcoin descending channel on 4 hourly time frame.As i said in my previous posts we are in Ascending channel on the weekly, on the daily we broke out from our rising wadge to the downside (is going to be confirmed if close below 43.1k)
and descending channel on 4 hourly.
Yesterday i posted about the rising wadge on the daily and i was bearish, because on the weekly we have formed hidden bearish diverganece and on the daily berish devirgance.
Everybody was bullish because of the inverse Head and shoulders and that was a perfect counter trade.
Now is everybody going to be bearish because of the M pettarn breakout and call for 37k so we can counter trade them again around 40.5k or bottom of the channel and ride it to the upside till we retest rising wadge on the daily.
What do you think about this descending channel and can we get a bounce?
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BTC TO THE MOON
We have rising wadge on the daily BTC chart!!!Everybody is talking about the inverse head and shoulders pattern but i think that is to good to be truth.
I just saw this rising wadge with multiple touch points on the upside and downside.
And i wish i could be more bullish but we have hidden bearish divergance on the weekly and small bearish devirgace on the daily if the candel closes in red.
Even if we we close above 45k i am still going to be bearish as long we do not close the daily above 46.2k.
Sometimes we make higher high just to liquidate shorts and trap long positions before we reverse.
However in strong bull markets rising wadges do break to the upside so i am not counting out the bulls but they need to show some more buying pressure.
As of my trades i am still holding 50% of my long position from 41.9k and if we break to the downside i am exiting at break even.
What do you think about this rising wadge and can the bulls push thru 46k?
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BTC TO THE MOON
We have descending channel on 4 hourly BTCWe are in descending channel on 4 haurly btc chart.
I just want to point out that we are at the strong resistance levels like daily resistance, point of control and golden pocket. On top of that we have this channel with multiple touch points on the downside and 2 touches on the upside.
With that hidden bearish divergences and bearish candel close on the weekly i am not sure if the bulls are strong enough to fight back at the moment.
This may be bad for the bulls if they dont show more buying preassure and some spicke in volume.
As of my trades i am taking 50% of the table from 41.9k and look how is this going to play out.
What do you think about this descending channel and can we break all this resistances?
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading
We have nice falling wadge on BTC but...On the 1h time frame we have perfect falling wadge but i would not recommend you to trade the breakout because we are in a weekend and the volume is low.
Instead i am trading this range between this to yellow lines bacause in the weekends we are mostly going sideways.
We have also some tensions betwen Russia and Ukraine so i dont think btc is going to move before monday.
Last week we got nice ranging, what do you think are we getting ranging again or is this breakout going to play out and meet the target?
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
Perfect Bitcoin Ascending triangleBTC has formed this beautiful ascending triangle and as we know is bullish pattern so i am trading it to the levels of 47.5k whith is going to be 6% profit.
At 47.5k i am pulling out my profits because of the strong resistance, one of them is point of control but i am going to post about that when we get there.
I am also very confident in this trade because of the high volume spicke, that is always a good sign.
What do you think about my opinion?
If you like my ideas please follow me and like the post because i am posting every day my trading strategys, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
We got rejected from Head and shoulders pattern on BTCIf you are a Bear there is some good news for you because we just got retest on H&S pattern and we got rejected.
This is in my opinion not likely to play out, because we have so much support uder 35k but as we know crypto is unpredictable.
If we do get this opportunit to buy below 20k i am going to be so happy as we know that BTC is future and is hier to stay, on the other hand if we go up and break this ascending channel on the weekly my portfolio is going to be even happier.
What do you think about this H&S pattern?
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BTC TO THE MOON!
BTC ON THE WEEKLY RISING WADGE VS RISING CHANNELBack in october i drew this rising wadge and i completely forgot about it.Since than we got our third touch point and big bounce from it on the fourth of december.This rising wadge goes back from 2017 Bull-run and has multiple touch points on the upside and 3 touch points on the downside.
But we also have this rising channel and 3 perfect touch points on the downside and 2 on the upside becouse of that i got in long position at 33k.
What to do if we get rejected from the rising wadge? The answer is simple,i am going out from my long position and wait for rsi on the weekly to go slightly below 30 whith has idicated bear market low back in 2015 and 2018.However if we break back in i think flying to the moon is very likely to happen.
What do you think about my opinion?
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BTC TO THE MOON!
BTC BULL FLAG RETEST ON 2 HOURLY!I am in long position since 33k because of the rising channel on the weekly, however i am in small short position on my another account because of all bearish divergences that we are making on the smaller timeframes.
My entery point was at 42.5k but i didt saw the Bull flag break out.Now i am out of that position with small lost and i am entering long position if we managge to close at least 1 hourly above 43.1k whitch will be the weekly resistance.
RSI looks bearish but we know that in a strong uptend BTC don't gives a f*ck about divergances.
What do you think about my opinion?
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BTC TO THE MOON!
BTC Perfect exmple of support turns in to resistance!Yestaterday i put long position because of the Bull flag breakout.Target was almost hit but i took my profits at 45.4k because of the previous support now turned in to resistance at 45.5k.
If we see sign of a bounce i am ready to put small long position at the weekly support at 43.1k
Trade smart and good luck to all traders.
What do you think about my opinion?
If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
BTC rising channel on 4 hourly timeframe As i said before we are in rising channel on the 4h and we got our 3 touch points so my short position got filled at 42.5k.
We are forming massive bearish divergence on 1h timeframe and that is conformation that we are going down in short term.
My profit taiking area is at 40.6k.I dont think we are going below that.
I am in 20x levrage position with stoploss at 43.2k
What do you think about my opinion?
If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!
BTC rising channel on 4 hourly timeframe.We are in rising channel on the weekly and 4 hourly timeframe.
BTC is now above resistance line from 39.3k and 40.6k is interesting to see if we can turn it to support now.
RSI is overbought so it is most likely to retest resistance and turn it in to support.
What do you think about my opinion?
If you like my ideas please follow me and like the post, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!