Good Morning Everyone,
If we observe the chart in 30 min time frame we can see a head&shoulder pattern followed by a beautiful breakdown and an excellent retest to😁.
Retest is in the form of one of the triangular patterns.
-->Look at the big red breakdown candles. So most people would have shorted CE's or bought PE's.
-->If the price breakout of the pattern...
Thats time slp coin stay heavy supply zone or support zone ..that the time buy slp coin and #Hodl ... After few week or month this coin give you best return for ever .
Planned this trade in 5 min TF.
Can plan this trade with a Small SL
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING...
Trading Setup:
There is a Trading Signal to Sell in BTCUSDT Bitcoin
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 18818.0
⭕️SL @ 18462.55
🔵TP1 @ 19950.0
🔵TP2 @ 20952.0
🔵TP3 @ 22426.71
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked...
$BTC $19,327 retested as expected, luckily it held for the whole weekend. $19,535 resisting hard, 1W close bearish, 1D close neutral. Currently testing the $19,535 resistance as follow up to last 4H bullish pin. $19,003 support remains at risk. Continue watching given S/R
Price action, Oscillators and Volume all are inclined with the Schematics, If price can sweep the low at 17600 and reclaim 18800 then its a bear trap for the new leg up, or new Lows imminent.
$BTC $19,327 support tested yesterday, highly likely will be retested shortly considering last bearish 4H close. Next support $19,003. Weekly close approaching and current 1W not looking any good. Needs to close above $19,894 to avoid bearish close on 1W.
In this Chart, I have compared 2018 & 2022 Bear market
There is a lot similarities in these two fractal
I have compared it in Weekly Chart
1)In 2018 BTC formed Double Bottom after approx 71% decline from TOP & In 2022 $BTC formed double bottom after approx 74% decline from TOP
2) In 2018 it took approx 329 days from TOP to complete double Bottom and in 2022 also...
These big candles indicating that price is at supply zone in higher TF
Price failing to breach these levels and go up
Even though price is again and again going back to its supply zone
1) It is creating lower lows in lower time frame
2)Getting rejection from 0.786 Fib levels in intraday
All the levels are mentioned in the chart
what the price comes there all...
BTC NEXT Projection as per technical analysis
BTC is in range bound from many days and it will continue as per technical and no fundamentals updates yet so its good to Short BTC
$BTC1D close with very good follow up to the last bullish engulfing, $19,894 support gained but yet to be tested as support unless breaks out from $20,338 which is resisting as expected. Last tested on Sep 27, 22D in $20,338-$18,261 range. Test was very predictable
QUICK UPDATE - we spotted the inverted head and shoulder and traded it well and reached our target
Current Condition = price has tested the previous hourly and 15m rejection zone and trying to sustain it
So, we drew waves after the breakout of head and shoulder
as per textbook ratios the price tend to form accordingly
now price has reached it 3 impulse wave,...
we have closed the bearish trade as price got to our projected target of 18950-20
now that price showed a fake breakdown and closed within the range of channel
seems like btc forming inverted head and shoulder
trade setup
buy above 19325
stop loss below the right shoulder (not exactly stated as price still below the buy price )
target 19750 - 19800
$BTC $19,535 support currently being tested, 1D close with bullish engulfing but requires to follow up on it today. Needs $19,894 support to test $20,338. Continue watching given S/R areas.
DATE:03/10/2022
In a daily time frame price has formed a inside candle.
If we observe in 1 hr. time frame its not a bearish sign until price breaks down recent low (16750 levels)
So until it crosses that low its better not to carry any short positions in nifty.
Observe the price action structure here
1)There is a recent lower high formation (17050...
$BTC Holding above $19,003 support. $19,327 resisting, 1W close bearish. $17,592 support could be retested during this week unless it breaks out from $20,338.
