Hi Traders !
First of All if you liked the idea just leave me a thumb up for my very first idea.
BTC and most of ALTcoins now running in symmetrical triangle that have an equal chance for breaking up or downside.
But am leaning forward to be bullish on this triangle since
- MACD indicator just flipped after yesterday DAILY candle closed
- Bullish divergence on 4h / Daily
- We didn't retest the previous support ( that now count as resistance )
- previous support aligned with the downtrend / bear market we are in
- Fractal pattern from previous same scenario
- Weekly red candle row have to be flipped ( we wont go down forever xD )
- ABC correction wave ( not on this chart )
We can have a FAKEOUT before we start going upside to the targets .
Last target most probably will be the point to flip back downside, if broken with daily candle I will keep you updated.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update regularly.
Have a nice day !
INVALIDATION for bullish scenario: candle close below the lower trend line support in the hourly time frame with a good volume or retest to that support line .
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
First of All if you liked the idea just leave me a thumb up for my very first idea.
BTC and most of ALTcoins now running in symmetrical triangle that have an equal chance for breaking up or downside.
But am leaning forward to be bullish on this triangle since
- MACD indicator just flipped after yesterday DAILY candle closed
- Bullish divergence on 4h / Daily
- We didn't retest the previous support ( that now count as resistance )
- previous support aligned with the downtrend / bear market we are in
- Fractal pattern from previous same scenario
- Weekly red candle row have to be flipped ( we wont go down forever xD )
- ABC correction wave ( not on this chart )
We can have a FAKEOUT before we start going upside to the targets .
Last target most probably will be the point to flip back downside, if broken with daily candle I will keep you updated.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update regularly.
Have a nice day !
INVALIDATION for bullish scenario: candle close below the lower trend line support in the hourly time frame with a good volume or retest to that support line .
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
Trade active:
Breaking 29450.38 will open a short trade for me
Comment:
Comment:
S.L: 29900
Comment:
Comment:
1st target : 28800
Comment:
Comment:
Successful retest
Successful retest
Comment:
Target 1 ✅
Full targets tomorrow
Full targets tomorrow
Comment:
Rebought my assets again till we can know where btc is going
Trade closed manually
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