BTC - Ascending Triangle Breakout - Measured Move to 12.5K
Hello Future Millionaires!
BTC is printing an ascending triangle. The measured move takes us to 12.5K.
Looking for a candle close above the top of the ascending triangle prior to entering.
Potential for a nice pullback from that region, so don't get greedy!
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Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
Let's get this crypto!
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Guide to My Charts
-The horizontal purple boxes of peace and prosperity are support/resistance 'zones'. If price pierces through one side, then it is likely to head toward the next support/resistance zone or line.
-The purple lines are support/resistance lines.
-Yellow lines are typically used to chart out pattern formations on the daily and higher time frames. Skinnier lines are typically smaller time frame trends (like 4H and 1H).
-The colored lines are MAs (Red: 10 simple, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Grey: 200EMA, White: 200SMA, Maroon: 377EMA.
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile (HVP), RSI, and/or stochastics indicators are below the chart if displayed.
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Entry: 11830.5
Entry Zone: 11660-11975
T1: 11,950
T2: 12,050
T3: 12,200
T4: 12,300
T5: 12,400
T6: 12,495
Stop: 11600.0
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R:R: 2.88
Risk: 1.95%
Reward: 5.62%
Leverage: 12X
Leveraged Risk: 23.4%
Leveraged Reward: 67.44%
Risk Assessment: Medium
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Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only. It is imperative everyone conduct their research on their own before entering a trade.
BTC is printing an ascending triangle. The measured move takes us to 12.5K.
Looking for a candle close above the top of the ascending triangle prior to entering.
Potential for a nice pullback from that region, so don't get greedy!
---
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
Let's get this crypto!
---
Guide to My Charts
-The horizontal purple boxes of peace and prosperity are support/resistance 'zones'. If price pierces through one side, then it is likely to head toward the next support/resistance zone or line.
-The purple lines are support/resistance lines.
-Yellow lines are typically used to chart out pattern formations on the daily and higher time frames. Skinnier lines are typically smaller time frame trends (like 4H and 1H).
-The colored lines are MAs (Red: 10 simple, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Grey: 200EMA, White: 200SMA, Maroon: 377EMA.
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile (HVP), RSI, and/or stochastics indicators are below the chart if displayed.
---
Entry: 11830.5
Entry Zone: 11660-11975
T1: 11,950
T2: 12,050
T3: 12,200
T4: 12,300
T5: 12,400
T6: 12,495
Stop: 11600.0
--
R:R: 2.88
Risk: 1.95%
Reward: 5.62%
Leverage: 12X
Leveraged Risk: 23.4%
Leveraged Reward: 67.44%
Risk Assessment: Medium
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only. It is imperative everyone conduct their research on their own before entering a trade.
Related Ideas
T1: 11,950 - HIT!!! (12.12% Gain)
T2: 12,050 - HIT!!! (22.26% Gain)