As you can see we have two possibilities 1 ) Flip and retest old ATH then long it 2) Or in case of BTC pullback , we can long it at bullish weekly ob DYOR and trade safe
In general, a very clear roadmap for long-term setups for GMT Its a very clear chart 4 understanding. 2 paths for two different scenarios. DYOR and trade safe
Based on their previous analysis, after the double bottom has fully worked out, we can expect to work out the inverted H&S. But there is a strong order block above us, so it is quite logical to expect some grab of liquidity from a bull trap. Therefore , for this setup , it can be painful to use large leverage since the stop is wide enough . The main target of this...
Why such sentiments. The monthly stochastic is oversold. At 4 h, a double bottom is possible. On D1, if the double bottom works, then the scheme with inverted H&S will probably work. Which can be considered if zoom out chart. Overbought on the D1 chart as a whole with a strong uptrend does not say anything. You can look at the last bull run. I don't trade by...
On the 4h chart, we see that BNB exited the descending triangle, which was the upper limit of the bearish channel, broke through the downtrend and reversed it into support. The movement continues within the boundaries of the ascending channel, so it is quite logical to expect a rebound from the boundaries of the channel, followed by growth within it. The main...