BELBTC - Downward momentum decreasedBELBTC has potential for a significant growth
If the conditions of BTC are favorable for the growth of altcoins.
BELBTC trade ideas
BELBTC - End of deep correction?After a deep correction of DeFi excitement..
A HH can be seen on chart and bullish divergence on hourly resolutions. This is probably the floor, so if this becomes true, we have an excellent entry point.
Buy at this zone.
BELEBTC's Idea - long & short analyseHi Friends\
this W pattern could be happen for your long trades and also I showed resistances & supports lines for your short trades.
so the first strong step or Resistance line for our W pattern could be 0.00015104 and your strong Support line is 0.00012849 . so you can do long trade by W pattern but you have to get confirmation candles above 0.00014528 to be sure this is the right W pattern and also you can do short trades by these supports and resistances.
have a good trade
BEL/BTC (Bear Break?)💎Technical Analysis Summary💎
BINANCE: BELBTC
-BEL broke the major support at the 2100s sat range
-I recommend reducing the risk or close Buy positions
-Because there is no valid strong support until 7k sat area
-I don't advice to catch a falling knife here
-Wait for price discover or reversal signals
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BEL/BTC (Uptrend Reversal Confirmed)BINANCE: BELBTC
-BEL coin confirmed the Double Bottom reversal pattern after breaking above 50ma
-On the 1H chart, we can see a Bullish retest of previous resistance turned support
-The price is now touching the 50k sat area and might see another leg up
-This new uptrend is followed with strong volume plus the RSI is above 70 level
-Indicating strong Buyers keeping the price above average
-I don't recommend buying at market price because the risk to reward is not good
-I would rather look for another coin or wait for a proper pullback entry
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
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