Btcudst
BTC CUPnHANDLE (CnH) Correction before breaking out to new HIGHsSince 15555 we are seeing this formation and then a breakout now we have the BIGGest CUP_ ever which do deserve a BIG handle.
Market Makers I believe you will love to see that formation of the bigger charts.
We have a strong down side QS setup to follow QS downside targets 15555 ( too ambitious !!), just talking in a TA language, anything is possible.
But for now I will be more interested in finding out how deep of a handle are we getting for such a HUGE CUP
My targets are based on FIB 43210-45678 ZONE
We can still enter this trade after the confirmation and follow 620->420 Loop
which will be 62222->52222->48888->44444
This is what I see here
You guys have a closer look too, I have prepared a chart for you.
Cheers
Trader's Trance ON
BITCOIN BULLISH STRUCTURE 1 HOUR This is BTCUDT 1 hour frame long position. As per my setup it has given a long entry breaking previous swing high and now that is acting as support. Targets are marked with yellow lines upside. The structure is simple with finding Demand & supply zone. I always prefer horizontal support as I do not find trendline useful my style of trading. The RR is always 1:5 + in every trade I take.
BTCUSDT - Buy Setup!BTCUSDT (1D Chart) Technical analysis
BTCUSDT (1D Chart) Currently trading at $38740
Buy level: Above $38700
Stop loss: Below $34000
Target 1: $41500
Target 2: $45300
Target 3: $52000
Target 4: $57500
Max Leverage 2x / Spot Market
Always keep Stop loss
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
📊 Bitcoing Swing Trade Opportunity 🎯BITSTAMP:BTCUSD
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ, From That Dash Line To that Horizontal Simple Line Area Is Whole PRZ(Price Reversal Zone).
📌 As One can see, Quite Big Stop Loss as per this pattern. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should keep Stop Loss as closing basis.
(PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame)
PRZ 1 :- 41101.80
SL :- 34983.5 (Closing Basis) (better to enter after reversal candle and keep sl below that candle if you atre trade for swing or short term)
Target 1:- 44369
Target 2:- 46643
Target 3:- 48971 and more Trailing basis
Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live session so next time you could be able to identify reversal by your self. Even ask doubts in comments, below.
******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.