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...
As 8963-70 is a big resistance in 15 minutes chart, and First good support level is 8800, so we can take benefit of both side trade and can make profit… you guys can short from 8965 or near point and can exit near 8800-8830. Stop loss- 9030.
on the other hand can go long from 8800- 8770 from near by First support I.e. 8762-8770 and can exit around 8940 to 9030....
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.
Bitcoin has been showing strong uptrend and has bounced strongly from the demand zone of $3100 level.
Bullish Case:
If it manages to break the $4100-4200 level in the coming days then it will continue its bullish trend till next resistance $4700+ level.
Bearish Case:
If it doesn't break the $4100-4200 level then we might price see price dipping to <$3500...
I have opened long positions at 60k, 61k, 62k, and 63k. Now, I expect a slight dip to fill the CME gap. I am closing 50% of my position to book some profit and will add more if the price comes down. The prices I am looking to add long positions at are 64411 and 63501.
There is no new CME gap formed between 64405 and 64495; it will fill sooner or later.
Bitcoin, the maiden cryptocurrency, is hanging and swinging in level from 62k to 72k for more than 50 days. The geopolitical tension has made steep decline in entire crypto market. Currently there is no clear sign of any direction, viz. Up or Down. So it is better to wait and then take any decision for trade in BTC.
ALTS can be traded according to effect of BTC &...
BTC next bull run target will be 150k as per this analysis what we can see here the golden zone of fibonacci level when you draw fib at the previous high to low as i draw on the chart so keep follow and support me for daily basis analysis like this and many more post like this
with good bullish trend looks like the volume is fading away and price will go down to find zones where there could be order block pending or some imbalance zone to get buyers interest back
looks like round figure 40k is 5.50% downside
thereafter 37000 - 34000 and higher time frame supports
BUY ON DIP
Well if 4th wave sounds good support will long it with a 3X lev or use a Cross account.
Overall BTC looks bullish
If BTC fails to sustain 25200 levels then another bearish trend ahead :(
Bitcoin took support at the neckline of the head and shoulder pattern and now is back to the former resistance levels from where it fell. This is a key pivot level and any break above this will open up a substantial upside for the crypto currency. We have also been getting a good rally in the equities and is there now a case when the riskier assets are being...
bitcoin in 4 hour frame creating higher highs and higher lows to liquidate positions
gambling can never be good in result of futures trade
higher risk taking is not solution to build your portfolio
do your own research and work hard with dedications
