bullish pennant pattern always work for like 70% of the time most of the traders exhaust their trade in those period of moment when it is falling and sudden built up it long form big candles coming weeks will show this.
CRYPTOCAP:BTC Still Moving Above the Major Trendline & inside the Wedge..!!
Expect a Volatile Week ahead with the #FOMC and #CPI data Releases.
#Crypto #Bitcoin #BTC
#community
As the volume keep going down gradually there are higher chances that the altcoins once again start to show rally
all i am just saying is now we are moving in safer zone which is continuation zone
for a clear instance there are two major support being shown in the chart 1st and 2nd one
start your positions now
#btc #crypto #bullrun
#binance #lunccommunity
This is an educational idea only, do not take it as investment advice.
There is a Butterfly pattern formation in the BTCUSDT trade. If Price closes above 27477, we can see an up move till 31000.
Let us connect and discuss more possibilities on day to day basis.
BTC Currently Trading At $28500 - $28800 Resistance Area.
As You Can See In The Chart BTC Many Times Got Rejected From This Resistance Area, Lets See What Happens Now It Ables To Break Or Get Rejected As Past.
If It Breaks Out We Will See More Pump In BTC
So as you see on 4H there's CHoCH so I created first POINT OF INTEREST { POI } for long and now waiting for Mitigation so I placed an order for long! But then we saw a rejection on 16FEB23 21:30 with big candle and small body. Next day on 17FEB23 1:30 another HUGE RED CANDLE so I have to mark POI so I mark another POI and wait for Mitigate. MITIGATION means we...
Bitcoin needs to collect liquidity from lower areas for reliable upward movement in the future
This is just my personal opinion and should not be used as a source of trade
Bitcoin is trying to take support in it's support level and it's in upper channel and already retested the upper channel multiple times. Now the chance of moving up is very high.
#BTC UPDATE 3 :
In 1W TF Remember properly i discussed this market cycle, According to stan Weinstein Theory that for an actual mark of phase first we need a proper capitulation phase we are expecting further capitulation phase or range bound mark of phase and then actually move makes a lot of sence.
BTCUSDT
Ichimoku Trade Suggestion
What Ichimoku Says?
1) Positive Cross Over: Conversion Line Crossed above Base Line at below cloud zone (Bullish Sign)
2) Positive Coincide: Lagging Span and Price both have coincided (Bullish Sign)
3) Pending Action: Lagging Span and Base Line Cross Over is Pending (Action Pending)
4) Pending Action: Price has to cross...
