Btcusdidea
BTC $11K coming soon !!An ascending triangle is a chart pattern used in this technical analysis. It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. Volume tends to be stronger during trending periods than during consolidation periods. So, probably the first profit take is $11K resistance zone as on chart.
BTCUSD - and what?Morning Traders,
If you take position after price breakup trough TL2 that that was outstanding and easy position.
I have created Channel but the price did not reach upper line of the channel.
I just waited for candle to be closed. On the lower TF momentum slows down.
But we have wait until price either break trough the TL of the channel or rises higher.
And that perhaps is price doing right now. Look like price is loosing momentum pay close attention what is happening on chart.
But keep in mind that this is four hours candles anything can happen in that time.
Thank you for like it my analysis.
BTCUSDT 4h. Rsi divergence and a inverse H&S#BTCUSDT 4h.
one thing I've noticed is that btc doesn't care the rule of where should an H&S form and if it's valid or not. it will work out certainly leaving you fool 85% of the times. if you can recognize it on time you can have the real advantage.
Reason and Confluences:
1. Bullish Rsi divergence.
2. There's inverse H&S **BUT it still not confirmed.
3. Following daily time frame, there's a bull pennant ready to break upside.
@in_tradingview
#TradingView
BTCUSD 4h time frame. there are three H&S and one of them failedBTCUSD 4h time frame. there are three H&S and one of them failed. watching current one if it does hold right shoulder then possibily target 11364 can be achieved and if not holds then downside 8443 for initial low.
Just a thought process.
btcusd forms as usual right shoulder always smaller then left. so pull may happen small and then zomed up.
A Bullish Butterfly finally!BITFINEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD
Rationale for entry..
The reversal from the falling wedge on good volumes ,
The 5/13 dema cross on the uptrend,
The RSi in the oversold zone
And finally the Bryce Gilmore classic butterfly with an uncommon AB=CD pattern doing reversal from the PRZ on the back of good volumes...
In short, a feast!
Take profit is classed at 0.618AX level, as the extreme point (10778) and at 0.382AX level as a moderation (10704).... The space between these two level is the profit protection zone..
Clear case of long on the BTC/USD house!BITSTAMP:BTCUSD
Case for the bulls...
1.A longer term bearish abcd with a bullish CD leg under formation
2.Breakout from the ichimoku cloud on the four hr chart , both lagging line(Chikou span) and price action
3.Fibonacci retracements of 0.382 bokeen on good volume support (although not a clear brekout)
4.A inverse head and shoulder with classical volume pattern
5.Bullish trendline being respected
6.Money flow converging with price
Potential reversal zone starts at 12884 to 14416..