When evernone is bulish on btc but what you will say about this text book descending triangle today is do or die for btc if broken to the downside then 14k is coming incase of upside breakout market will test resistance
Good Morning Everyone, If we observe the chart in 30 min time frame we can see a head&shoulder pattern followed by a beautiful breakdown and an excellent retest to😁. Retest is in the form of one of the triangular patterns. -->Look at the big red breakdown candles. So most people would have shorted CE's or bought PE's. -->If the price breakout of the pattern to...
Good Morning Everyone, If we observe the chart in 30 min time frame we can see a head&shoulder pattern followed by a beautiful breakdown and an excellent retest to😁. Retest is in the form of one of the triangular patterns. -->Look at the big red breakdown candles. So most people would have shorted CE's or bought PE's. -->If the price breakout of the pattern...
Planned this trade in 5 min TF. Can plan this trade with a Small SL Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING...
Trading Setup: There is a Trading Signal to Sell in BTCUSDT Bitcoin Traders can open their Buy Trades NOW ⬆️Buy now or Buy on 18818.0 ⭕️SL @ 18462.55 🔵TP1 @ 19950.0 🔵TP2 @ 20952.0 🔵TP3 @ 22426.71 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you liked...
$BTC #BTC $19,003 support tested as expected, 1D close with bearish engulfing. Expecting follow up of the same with $18,759 support test.
$BTC $19,327 retested as expected, luckily it held for the whole weekend. $19,535 resisting hard, 1W close bearish, 1D close neutral. Currently testing the $19,535 resistance as follow up to last 4H bullish pin. $19,003 support remains at risk. Continue watching given S/R
Price action, Oscillators and Volume all are inclined with the Schematics, If price can sweep the low at 17600 and reclaim 18800 then its a bear trap for the new leg up, or new Lows imminent.
$BTC $19,327 support tested yesterday, highly likely will be retested shortly considering last bearish 4H close. Next support $19,003. Weekly close approaching and current 1W not looking any good. Needs to close above $19,894 to avoid bearish close on 1W.
In this Chart, I have compared 2018 & 2022 Bear market There is a lot similarities in these two fractal I have compared it in Weekly Chart 1)In 2018 BTC formed Double Bottom after approx 71% decline from TOP & In 2022 $BTC formed double bottom after approx 74% decline from TOP 2) In 2018 it took approx 329 days from TOP to complete double Bottom and in 2022 also...
These big candles indicating that price is at supply zone in higher TF Price failing to breach these levels and go up Even though price is again and again going back to its supply zone 1) It is creating lower lows in lower time frame 2)Getting rejection from 0.786 Fib levels in intraday All the levels are mentioned in the chart what the price comes there all...
BTC NEXT Projection as per technical analysis BTC is in range bound from many days and it will continue as per technical and no fundamentals updates yet so its good to Short BTC
$BTC1D close with very good follow up to the last bullish engulfing, $19,894 support gained but yet to be tested as support unless breaks out from $20,338 which is resisting as expected. Last tested on Sep 27, 22D in $20,338-$18,261 range. Test was very predictable
QUICK UPDATE - we spotted the inverted head and shoulder and traded it well and reached our target Current Condition = price has tested the previous hourly and 15m rejection zone and trying to sustain it So, we drew waves after the breakout of head and shoulder as per textbook ratios the price tend to form accordingly now price has reached it 3 impulse wave,...
we have closed the bearish trade as price got to our projected target of 18950-20 now that price showed a fake breakdown and closed within the range of channel seems like btc forming inverted head and shoulder trade setup buy above 19325 stop loss below the right shoulder (not exactly stated as price still below the buy price ) target 19750 - 19800
$BTC $19,535 support currently being tested, 1D close with bullish engulfing but requires to follow up on it today. Needs $19,894 support to test $20,338. Continue watching given S/R areas.
DATE:03/10/2022 In a daily time frame price has formed a inside candle. If we observe in 1 hr. time frame its not a bearish sign until price breaks down recent low (16750 levels) So until it crosses that low its better not to carry any short positions in nifty. Observe the price action structure here 1)There is a recent lower high formation (17050...