Bitcoin forming a bullish armonic butterfly!!!Hi guys, as you look. I change the background for white and the candlestick green = bullish and red = bearish to analyze up and becoming my technical analsyis simple, classic and modern to be understood. I see and measure using the Fibonacci for armonic, we see a bulliish butterfly. So, and also, we are in the demand zone that we could to buy Bitcoin and make trading.
And also, we see in H1 a little formation of simetric triangle flag, it's bullish reversal in short time period. But analyzing in H4 timeframe, I have a perspective that Bitcoin could to be make to up movement, but remember, we are in the consolidation and in sometimes it's very difficult to predict where Bitcoin go. I put a buy order limit at $33,200 USD and my SL will be $31,900 USD and my target at $36,500 USD.
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And looking in Daily timeframe, we are into this panoramic, a consolidation since end of MAY 2021
Simetrictriangleflag
Updates: Ethereum is leading to the $409 USD!!!in H1 timeframe in short-term we could see a possible movement unitl the $409 USD, but that zone above of $400 USD it's would did an Ethereum so volatil. As Ethereum is into this simetric triangle flag in H1 timeframe, we continue in favor of the bullish trend!!! That is a re-accumulation zone that buyers are buy a Ethereum!!!''
IN H4 timeframe we see that Ethereum is so bullsih. And also to recall I change my seeing of my targets profit, becuase I updated in weekly zones and I see taht we're in the strong demand. As reference, if you check the special analysis, you could to follow my own strategy on Ethereum.
In Daily we see so clearly the trend and the zones that was updated. But, my own take profit will be $445 USD, becuase that is my exact zone that Ethereum is into this supply and demand strategy!!!
And also guys, I add my second trade on Ethereum in buy at $373 USD. My previusly bought was in the $372 USD, that is my own strategy that I add because I see that Ethereum is into this re-accumulatio zone!!! So, in summary I have 1.70 Lots in ETH invested, that mean 0.85 lots investrd in each trade, in that case is 2 trades.
Updates: Bitcoin formed a simetric triangle flag!!! Good signalWe're in Bitcoin from Friday and Bitcoin is prepare to a up movement!!! So, investor are buying in this simetric triangle of re-accumulation!!!
As we are in consolidation and re-accumulation in this zone, Bitcoin is prepared to a bullish movement!!! So, I believe that it's arukk a good signal to continue buy more Bitcoin. But, as I have 0.06 lots inverted between these 2 trade, I just trade with 0.06 lots that i still open up these posiiton one from Friday and one from yesterday.
And also, guys, we're forming a elliot wave analysis using this model that I am to prepared for you to understand in the cycle of trend. Remember that my own target is $12,000 USD.
We're in profit in our first trade of Friday protecting our long position and then, our second position is in profit, so at the moment, the break even it's keep in this zone until we see any updated for tomorrow or the next days!!!
Good luck on this position!!!