BYBIT:BTCUSDT
BTCUSDT : Descending Channel
Pattern : Descending Channel.
What is Channel Trading?
When trading a channel, you use parallel lines connecting the swing highs and swing lows of a market’s support and resistance.
The most common method to mark a channel is by using trend lines.
The swing highs that are marked by the trend line known as the ...
BTCUSDT formed a falling wedge inside a rising channel and trading very near the support(already tested once). waiting for the breakout and planning to Enter a long position once it gives a breakout and retest. RSI is also very supportive for entering the long position.
Hello traders, Bitcoin in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 3 day timeframe.
In counting, the main waves 1, 2 and 3 are labeled and we are now inside wave 4.
Wave 4, according to the main wave 2, will be a wave that will have a moderate correction both in terms of price and time.
The...
BTCUSDT is right now continuously shrinking in a triangle pattern. It has the possibility of giving breakout on both sides. You can aim for the mentioned target depending upon how long you can hold.
BTCUSDT created a head and shoulders pattern in 4 hour time frame, according to current market structure we can see BTC falling more and taking a retest and continuing the fall. avoid long positions in ALTS
Crypto
BTCUSDT : CMP 56330
Chart Pattern: Ascending Channel Trend
Ascending Channel Trend is a trend continuation pattern that will move based on the swing low and swing high oh higher side without breaking the previous swing low. As of now BTC waving at a swing low. As per chart direction, BTC will retest 53000 and will give you a bigger move soon.
What about making a perfect bull flag with a 0.382 retracement around end of year on log chart in wave 4 as ABC where majority gets bearish before rise to our mentioned targets as wave 5 . #NFA
out of the box thinking
#BTCUSDT Chart
Guys #BTC is forming "Head & Shoulder Pattern" in 4hr Time-Frame, if it gets played than BTC will come down.
But its not compulsory that it will play that pattern because if it is real Bull-Run than it will not play. But at this point I will personally not trade..
looks like 5waves ending here with possible top marked and then a dump to 18-20k region
P.S. :- not sure about timing but price action looks pretty much probable .expecting drop to 18-20k in end of sept - start of october #NFA
As we can see on July 21, btcusdt began to grow and grew until July 30, 10 days in a row. Btcusdt broke the $ 40,500 resistance line and continued to rise. On July 31, everything changed and the price began to fall, the support level of $ 40,500 was broken. Perhaps the price will now turn around and again go to test the level of $ 40,500, but a more likely...
As shown, we might have completed the correction (WXY in which Y is a triangle) and wave 5 is on the move. The confirmation level is B of the triangle(@31506.48). Let me know what you think of this.
