BTC / USD Retention of a position in a trend. Important area.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is currently moving in a strong bullish uptrend. Retention of your initial position is actual while the trend continues. An ascending wedge continues to form. This is a bearish formation, but the trend is still ongoing. It is possible to apply the pyramiding trading strategy, about which I have an extensive article on how to work profitably and safely in two directions on one tool.

A break in the price of the trend line (green) and fixing the price below it will indicate the weakness of the bulls, and as a result of a potential trend reversal. On the graph, for clarity, I showed the existing and past local uptrend, so that you understand the logic of work.

On the chart, I also showed an important zone and all the main trend lines . For bullish further development, it is very important that the price fixes above the downtrend line that I showed in blue.

If you are not in a position on this instrument, then you can simply observe the development of events for the trading experience in the future.

In this trading idea, I showed the global trend of the BTC / USD pair.
Pay attention to the lines of the secondary trend. Read in more detail in the trading idea itself. There I gave a lot of information. Also, I predicted all price movements over the past year. Everything is shown on my trading ideas.

BTC/USD Trend. Important area. Potential. Fantastic scam

Also, a similar situation is formed on the ETH / USD trading pair, but a more pronounced formation of the rising wedge .

EDUCATION Preservation of a position in the ETH / USD trend. Trading idea of the past + 70%

The profit on this coin from the entry point is already + 70% and the trend continues.

My past trading idea for this ETH / USD trading pair. March 31, 2020
ETH / USD Triangle. The price is shrinking. Coming soon.

A similar situation on bitcoin in June 2019.
BTC is moving in an uptrend. Repeat 2014 or 2017?

The trend stayed at the important zone and the price fixed under the trend line .
An attempt to return the price to an uptrend was unsuccessful.
What served as a signal of a reversal of the then upward trend on Bitcoin . And the formation of a bear measured move

BTC possible formation of a global triangle. Jun 28, 2019

BTC possible formation of a global triangle. Altcoin pumping

Trading with the trend Option of forming a global triangle Jun 27, 2019

Trading with the trend Option of forming a global triangle

And a very similar situation was at one time on LTC a month before halving.
LTC trend trading. Crowd training before halting BTC Jun 25, 2019

Well, after a while. We saw a breakdown of the upward trend line .

As history showed that the breakdown before the halving served to reverse the current trend and the emergence of a downtrend.

I will continue the example of trend trading on the same coin.
As we see the downtrend continues.
Potentially work in a hypothetical downward channel that may form.

LTC uptrend is broken. Trading in a downward channel . Aug 14, 2019

As we see from the history of the channel and formed. Work on this tool continues.

Trading idea + training. Nov 1, 2019.

Pyramiding money management. 2 part. Short LTC / USD.

In this training idea, I described how I worked on this LTC / USD pair long before the trend reversal. It is relevant now to work on BTC / USD, but only to those who can trade. It is better for beginners to work with symbolic amounts of money for experience, or just watch how the price is now quite high in the local trend.

Pyramiding money management. 1 part. Long LTC / USD

All the information I provide is completely free. I make enough money from trading because I don’t need to sell hamsters a trading ploy from “super traders”. Money has not interested me for a long time.

I don’t have any “signals”, “training”, trust account management, paid groups and other heresies to deceive stupid hamsters that are used by “super-traders” who are successful only in theory, but in real trading are unprofitable, like hamsters themselves .

I wrote and published many articles in the public domain on the Internet, including on this site. Read and develop your trading skills.

I give a lot of information about trading in general, classical trading, trading strategies, as well as a lot of information not related to books, which you will not find either in TA books or in paid channels of “super-traders”. For example: price management, how to make pumps, dumps, price traps, hamster dumps, the language of numbers and other prohibited topics.

In order to trade in a market in which the deposits of most traders are destroyed, you must have vast experience, and be a whole head taller for the rest.
Comment: Price continues to move in an upward wedge.
The price approached the most important zone of trend intersection.
Comment: Potential price reversal zone. But do not rush. Day candles ( volatility ) are not large. No seller volume . A symmetrical triangle forms at the top of this local trend. The goal of the figure since its potential breakthrough is about 20%. Symmetrical triangle - 50/50 uncertainty figur. Its formation, breakthrough and price fixing will give a further direction to the market.
Comment: As was shown in the trading idea, a symmetrical triangle formed and at the indicated time there was a breakdown of the triangle.
Trade closed: target reached: +31%
✅ Telegram канал Трейдинг, психология, социология.

✅ Youtube канал Видеоролики о трейдинге, в том числе образовательного характера.

✅ Instagram Социология, психология, трейдинг.

Related Ideas


Maybe, precious metals like silver and gold maybe platina are going to consolidate.. after this maybe they will start some sort of correlation in order of a new bull market in precious metals as well as btc... hopefully hehe
+1 Reply
demakieee demakieee
And decouplement of those ridiculous stock indexes
Excellent analysis!
+1 Reply
@Mudrex, Thank you very much.
great work, thanks.
+1 Reply
SpartaBTC Ingwina
@Ingwina, Thank you very much.
+1 Reply
SpartaBTC REstrella99
@REstrella99, I wish you a lot of money in the market and understanding of what is happening in trade.
I’m a simple man. Follow MACD and daily chart and you’ll be fine ... most of the time.
SpartaBTC jexmee2193
@jexmee2193, I do not use trading indicators. I do not need them.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out