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Rectangle

Have you noticed this in BTC?After watching another trading video, I noticed when checking H4 BTC that it formed double top and it breaks it's neckline as you can see in the current chart. Now, that it is going down, I go to the H1 and place a fake short trade SL before the support from previous major level of structure. Let's see if my analysis is correct 😉 Note: This is not a signal. This is just an application based on the analysis that I learned and testing it out. Share your ideas, and suggestions by commenting below to help me improve my trading analysis. Thank you!
Short
by jefersonroda
2
Bearish SLP until? Good morning here in PH! After checking the SLP on the H4 chart , I noticed that there's a double top that happened and begin to analyze. Going down to lower timeframe of H2, we can clearly see that it is indeed what we're looking for and has been retested on the neckline. Going further on the lower time frame, the candle stick is going down. Let's see what'll happen next :) Note: This is just an analysis based on my learning not a professional signal. I'm still learning. Comment down below your other suggestion to improve my skills.
Short
by jefersonroda
SOLUSDT Rectangle Pattern FormationSOLUSDT Technical analysis update SOL has been forming a rectangle pattern for the last 170 days. The price is now approaching the rectangle's resistance, indicating a potential breakout. If the breakout occurs, we can expect a strong bullish move in SOL, with the price possibly reaching $500 in this bull run. In day chart 200 EMA act as a good support for SOL A similar pattern formed at the bottom, where the price stayed within a rectangle for 280 days before breaking the resistance and surging 600%. We could see a similar move once the current rectangle is broken. Regards Hexa
Long
by HexaTrades
1