Hello my beloved wolves of wall street, Today I found a flip zone base that dropped btc's price a lot (the first arrow on the left) , of course the reasons for bearish trend of btc was wyckoff,Interest rate, ect.. BUT that base also did a lot, anyway,I see a channel cycle that price is going to make it. Those 3 pink rectangles are our 3pushes for our channel...
AS you can see the price is making a rising wedge if the price went higher than the 2 high you can open a position with 3 r/r the tp is 269.57 after that, we expect a tr between 276 to 269$ or 276 to 265$. my advice is because the market was crazy bullish these days don't open longs at the low of tr, shorts are better and safer. Ps: dont trade based on my predictions.
A “three pushes to high” top often develops as a leading edge of a larger, longer topping formation. This scenario may be a reliable indicator of decreasing momentum. The way it typically forms is as follows: 1. The first push creates a new high outside the upper band. 2. The second push makes a new high and touches the upper band 3. The third push makes a...