The differences between investment and trading can be pointed out that in the recent increase in the price of Bitcoin, we did not have the opportunity to enter the market except for a trade against the trend. but the investors were in that In the daily time frame, Bitcoin has reached its channel ceiling. In lower time frames (four hours), I am looking for short...
It seems to me that Bitcoin wants to retest the bottom of the channel. Although we are in a rising channel and the trend is ascending, I want to take a short position here because the risk-reward is not bad. After that, at 27,000 or slightly higher, if I see confirmation, I will open a long position up to the top of the rising channel.
Bitcoin in a daily time frame shows me 3 scenario that I show on my chart, I'm waiting for more signs for select one position to entry...
"Although an ascending channel usually breaks from the bottom to establish a new trend, sometimes the price can create a fake breakout and return to the channel. Therefore, I'm considering this chart as a potentially favorable position for opening a long position. Please note that this is not financial advice; it's simply a position that appears favorable to me."
"As you can see, Bitcoin is in a rising channel on the 4-hour timeframe, and now we can observe a Falling Wedge pattern. As you know, the Falling Wedge pattern is one of the bullish classic patterns that can push the price higher towards the top of the channel. However, don't forget that eventually, the rising pattern must break from the bottom of the channel, and...
According to breaking the descending trend line in 4H time frame, I think USDT.D wants to make double bottom here and it means BTC price getting down ... at this moment I'm waiting to see the candle pattern.
I think it doesn't matter its a triple top pattern or It's head and shoulder pattern both of them show us price wants to decrease.
As you can see we have descending trendline in 1-hour time frame I'm staying to see descending trendline will break or not. If descending trendline break I will open a long position else I'm waiting to lose the support zone for a short position.
Don't forget we lost ascending trend line and it means money comes from tether to cryptocurrency but at this moment I think rejection from the 4.30% is the key level to continue the descending trend on USDT.D and see the price of BTC and alts go up.
is bitcoin going to break the ascending trend line? I don't think so but you know trading is not an emotional work I'm waiting to see a price action pattern on the chart then opening long position.
In the 4H time Frame, I think it's early to open a new position I'm staying to see what will react to ascending trend line in the chart or RSI.
USDT.D have been above the uptrend line for 130 days and now broken that trendline and shows good pullback i think next days are time for ALT coins let's see =)
Forming a new symmetrical triangle pattern in 4H time frame. I think the green scenario is more probable than the red scenario and if USDT.D goes up, BTC price will decrease to 36K let's what will happen. thank you for attention =)
BYBIT:BTCUSD Forming new symmetrical triangle pattern in 4H time frame also testing major resistance right now in 4h time frame
BTC/USD chart shows me the symmetrical triangle pattern at 4hours time frame we must stay to see price break the top of the triangle or from the bottom but at this moment I can see RSI trend have break the ascending trendline and for me it means more likely to break from below of the triangle .
BYBIT:LTCUSDT Forming falling wedge pattern in 2h time frame also getting RSI regular bullish divergence
2HOUR trend is still intact and expecting another leg up from here BYBIT:LINKUSDT waiting to see more volume for confirmation
BYBIT:SOLUSDT Main trend is still bullish looking forward for a good bounce 📊📊