As we can see in the chart, the 30500 area is a valid resistance and the top of the trading range. short positions with a low risk stop loss might be the best choice. please boost and follow for more ideas
short time ,short position , low risk. another top in the resistance area and a key candle might make us more sure for open a short position
well as we can see in the chart, after a Spike and a bullish channel, now that was the time for a long time trading range (due to the 15m time frame) between (28600_26700). and now we can say BTSUSD is moving in a bearish channel in the trading range.
As we can see the THIRD top in the chart it's literally time to open different types of short possessions
A lower double top in the chart might tell us that its the end of the uptrend power
although the BTCUSD is in an uptrend movement, the chart made a two top pattern near the almost 30000 area. which means it possibly going to react to this resistance. area.
after second bullish leg we expect BTCUSD to move in the channel for a while
As we can see BTCUSD has completed second leg of pattern and after that the expected channel. now for a short time we can expect a temporal trading rang in the area that have marked with arrow path. it would be better to wait and see at where it will break and then decide the type of position. but for now we can go with the flew in TR.
depends on the area of break out it might be a flag pattern and we can expect the second leg. OR it might be bullish rally after a drop and a trading range to the primer trend line.
another short bearish idea for BINANCE:BTCUSDT BTC made a had and shoulder pattern to have a pullback to broken trend line
it might be end of the correction. -price action reverse area. -RSI indicator bullish zone. -ABC correction waves might done. -we cane recognize a hammer candle in 4h chart. BUT in another hand BTC might fall to touch the channel line BITBAY:BTCUSDT
KRAKEN:ETHUSDT 2 completely different scenarios!
BINANCE:DOTUSDT making a triangle pattern
good rest and reacted to the channel line BINANCE:IOTABTC
by trend analysis. after made a triangle pattern BITBAY:BTCUSDT