I'm just analysing BITCOIN in case of an alternative to equity market worstcase scenario. BITCOIN chart shows flag formation. It looks like ready to breakout of channel. Target may be Long-term Channel midline.
Since 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...
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 +...
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
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...
SCENARIO CHANGED , CURRENT SCENARIOS AR BEARISH SO TARGET AND STOP LOSS SHOWN
Looks like a falling wedge may be in play while we are also way over sold rsi on the daily (bullish div on hourly), BTC might do something here. Keep your eyes on it 11.6% gain potential 1.14% loss potential, SET STOPLOSS in case we continue to dump.