pejman_zwin

๐Ÿ’ฃDouble Head and shoulder pattern on BTC๐Ÿ’ฃ

Short
BINANCE:BTCUSDTPERP   Bitcoin / TetherUS PERPETUAL FUTURES
Still, I think that BTC needs time to start again (UP UP). What is your idea?๐Ÿง

Bitcoin Analyze ( BTCUSDT Perp) Timeframe 15min (Short term).๐Ÿ“‰

If you remember Symmetrical Triangle (Post Topic: ๐Ÿ”ฅ Bitcoin is on Contracting Triangle ๐Ÿ”ฅ (Road map)๐Ÿง), the price was able to break it (Down), and now BTC is running at Range Channel (Between 37680$ and 36070$) for more than 2 days, after it did Pullback to the lower line of our triangle. In this area, we have a Resistance Zone.

Resistance Zone includes Pitchfork's Lines + Yearly Resistance 1 (37678$) + Cluster of Fibs.

Also, I found Rising Wedge Pattern (The wedge broke down) + Big Head and Shoulder Pattern (It has a Divergence (MACD) between Left shoulder with Right shoulder) + Small Head and Shoulder Pattern (It has a Divergence (MACD) between Left shoulder with Right shoulder).

My Suggestion: we can wait for breaking our Necking lines (to down) ==Triggers

Take profits for Short Positions:

Take Profit 1: 35200$ (Small Head and Shoulder' Target)== Reward to Risk(RR) is Not SuitableโŒ

Take Profit 2: 33950$ until 33480$ (Big Head and Shoulder's Target+Weekly Support 1)== Reward to Risk(RR) is Well โœ…

Take Profit 3: 32500$ until 32380$ (Support Zone)== Reward to Risk(RR) is Perfect โœ…โœ…

Stop Loss: 37520$ (Over Right shoulder of Small Pattern) & 37820$ (Over Right shoulder of Big Pattern).

Do not forget to put Stop loss for your positions (For every position you want to open)

Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.

Please do not forget the 'like' button ๐Ÿ™๐Ÿ˜Š & Share it with your friends, Thanks, and Trade safe.

Good luck
Trade closed: target reached: Take profit 1 touched ๐Ÿ‘
Comment: New post ๐Ÿ‘
Comment: New post, bitcoin analyze timeframe 4h ๐Ÿ‘
Comment:
RSI Analyze (BTC), Timeframe daily๐Ÿ•

Pullback or Fake break ๐Ÿงโ“
Comment: The new post read it please: Bitcoin Analyze (Technical & Fundamental)!!!
Please follow your strategy, this is just my idea, and I will be glad to see your ideas on my posts.

Please do not forget 'like' button :), Thanks.

๐Ÿ”ฅVIP๐Ÿ”ฅ signals contact me

For more analysis:โœ… https://t.me/Trade_365 โœ…

Comments

Thank you for your analysis.
+1 Reply
pejman_zwin WhenWhat
@WhenWhat, you are welcomeโค๏ธ๐ŸŒน
Reply
Great analyze & Beautiful View ๐Ÿ”ฅ๐Ÿ™
+1 Reply
pejman_zwin game0007
@game0007, you are welcome๐Ÿ’
Reply
i love it
+1 Reply
pejman_zwin ellaview
@ellaview,Thanks for comment โค๏ธ๐ŸŒน
Reply