The price is currently in a local uptrend (white line), in the of the secondary downtrend (red line). An has formed. Breaking it up / down and fixing the price will mean which trend will develop in the future. Trend trading.
Last my trading and tutorial ideas for this BTC / USD trading pair.
BTC / USD Retention of a position in a trend. Ascending . Important area
Secondary uptrend continues. A symmetrical triangle has formed in the trend zone.
BTC / USD Formation of a symmetrical triangle. zones
An with a base of 28%. Secondary uptrend continues. After breaking up, the symmetrical triangle was redrawn by the price into an with a base width of 28%. The price is clamped. Coming soon.
An is a formation, but there are cases (less than%) when it breaks down. If you are not in a position at the moment, then entering the market is only a breakout or a pullback after a triangle breakthrough. Where the triangle is broken and the price consolidates, that and the local trend will develop. Trend trading.
In this trading idea, I showed the main trend of the BTC / USD pair.
BTC / USD Trend Trading. Important area. Fantastic scam.
Do not be greedy people. Greed begets poverty. Do not take risks in your trading when the risk is not justified. If you do not understand what the potential price movement will be, skip it. You always have time to earn.
Look at my related 1 year old trading ideas for this trading pair, which I attached to the description of the idea. What has now been formed on bitcoin I showed in my trading ideas about 1 year ago.
+ 8.88% from the reversal zone in the local ascending channel, as shown. Enters the second reversal zone.