BELUSDT trade ideas
BEL Long Trade 20210613
Signals: Blue -> Green
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
🔥 BEL Wedge Pattern ContinuedAfter hitting the top of the wedge, BEL appears to be reversing. With BTC showing signs of weakness and dominance rising it might be a good time to short some alt coins.
Current target would be the lower support of the channel.
Happy trading!
$BEL/USDT analysisUpdate on the previous analysis....i think the price is going up from here with the inverse head and shoulder
BEL/USDT analysisWhen it hits the bottom of the trend line,we are about to see a upward movement...please like,comment,share your opinions...thanks
Potential bullish movement with BELDiagram is showing a closing wedge triangle and we can see either huge movement after it breaks through the triangle. Keep watch and put alerts for 2.05 and 2.03. Buy orders at 2.03-2.05. Do your own research and put stop loss.
BelusdtperpNice time to entry belisdt perp features target over 2.0$ stop loss 1.727$ Bel formed bull flag after besr penant so it is nice time to trade
#TheStrat BELUSDT 2-2 Rev Back Into TFC on 45M - Trade Set upNot a trade I am taking as I am getting ready for bed, but this was setting up nicely as an example to show the concept of timeframe continuity, and how we use it with reversals to create winning positions. The idea here is to re-enter after a strong first initial rally then retracement as soon as we see signs of full time frame continuity heading back in the direction of the major trend. We got our first trigger on the 15, which hit its magnitude at the trigger of the 45 min 2-2 reversal. We will see whether it continues to our target. From what I have seen so far, if we can maintain full timeframe continuity without getting stuck in a consolidation, price kind of just goes where it is supposed to. The entry and targets are on the 45 for anyone that wants to check back on this.
#TheStrat 3H 2-2 rev BELUSDT Trade Analysis - Billiard AnalogyA trade I took per Rob Smith's #TheStrat. Been using this strategy for about 2 months, and in that time been adapting my style of trading the strat to the crypto markets. When I entered this trade, I already had several 2-2-2 continuations in force on the 45 ,15, and 30. I entered on the hourly continuation which was triggered by the 2-1-2 continuation on the 5er, this also triggered the 3 hour 2-2 reversal, which was the main trigger I was wanting to trade. You can see on the chart that our first target also happened to be the trigger for the 6-hour 3-2 continuation. This goes back to the billiards analogy that Rob always makes. You always want to be thinking in terms of what other "balls" are you setting up while knocking others in. What does your next 2 create, negate, or do? If you trigger on a lower timeframe, how will that affect your higher timeframes? So this particular trade illustrates that well. We entered using multiple triggers on multiple timeframes, each confirming one another, and we look to trigger more higher timeframe triggers on our way to magnitude.
