Wave pattern breakout or breakdown
I'm Execting a pullback to the previous SnR level. But there's a catch at 9280, So I'm gonna book 50% up top at 9280.
Since BTCUSD follows the parabolic trend and leaner support hope this strategy would work out.
btc is making a correction pattern after the long downside rally. thus it will complete its a-b-c formation. Also testing the resistance. for further downside of 8200.
Here we can see golden cross of MA 50 and MA 200 and there is a trending line support in yellow. If price closed above yellow line then BTC price will go up because Golden Cross Factor.
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...
One More Leg Down ! Stay Bullish Now !
BTCUSD formed inverse H&S 4h, short term target 11129, 11788.
You can see the chart. There's nothing to explain. Go long with a tight stop loss below the trend line.
BTC lost support on trend line and 21 EMA and daily chart. BTC is giving opportunity to LONG between 8.6K to 8.1K
BTCUSDT took support at previews H&S's neckline. price touched long time trend holder. extend price target at 13112, 13693.