SpartaBTC

BTC is forming a fractal. Triangle Important area. Trend trading

BINANCE:BTCUSDT   Bitcoin / TetherUS
Perhaps the fractal will work, because everyone sees it. Especially if it is shown to those who are always blind (stupid market participant) and the foolish panic purchases will begin. It should also be noted that at any moment this local trend can unfold, therefore always trade with the trend.

The price is currently in a local uptrend (white line), in the resistance zone of the secondary downtrend (red line). An ascending triangle 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 wedge . Important area

Secondary uptrend continues. A symmetrical triangle has formed in the trend zone.

BTC / USD Formation of a symmetrical triangle. Pivot zones

An ascending triangle with a base of 28%. Secondary uptrend continues. After breaking up, the symmetrical triangle was redrawn by the price into an ascending triangle with a base width of 28%. The price is clamped. Coming soon.

An ascending triangle is a bullish 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.
Comment: From the sideways movement above the downtrend, the price went up from the reversal zone. The bulls won.
Trade closed: target reached: From the reversal zone, the price reached the first target level of $ 12012 with super accuracy and rose 35.18%
Comment:
Trade closed: target reached: The triangle is broken down at the moment by 16%
Comment: Price is squeezed into a corner. Soon the outcome of the situation.
Trade closed: target reached: +8.88%
+ 8.88% from the reversal zone in the local ascending channel, as shown. Enters the second reversal zone.

Comments

Very informative and detailed analysis

My BTCUSD chart on 4hr candles.
+1 Reply
Mudrex Mudrex
+1 Reply
@Mudrex, Thank you for sharing.
+1 Reply
Good work. Thanks for sharing. Here's our fundamental take.
+1 Reply
SpartaBTC Phi-Deltalytics
@Phi-Deltalytics, Thank you for sharing.
Reply
Phi-Deltalytics Phi-Deltalytics
@Phi-Deltalytics, potential Elliot wave scenarios:
+1 Reply
SpartaBTC Phi-Deltalytics
@Phi-Deltalytics, Thank you for sharing. Yes, there is a lot of sense in your view of the market
Reply
detailed overview. thank you for the effort.
+1 Reply
SpartaBTC ProjectSyndicate
@ProjectSyndicate, Have a good trading on the market.
Reply
nice TA
+1 Reply
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