Hey! Bitcoin printing another bullish pattern , which can lead us to 15000 in 2020.
Here is why:
My view is based on EW I did changed a bit map, found similarities in smaller sub 3-4 waves, which pointed to bigger wave orange ③-④ setup, which I thought will be alt. But after all it seems like it is main one. Now Alt 1 and alt 2 considered less probable....
Here is the modern history of Bitcoin. I find 7 Phases of the bitcoin from the top of 2013.
1. Descending Triangle Phase
Price in form of triangle, in 2013 this pattern last for about 398 days.
In the 2018, we can see similar triangle shape and price last here for about same period in 341 days. Next phase
2. Ascending Triangle Phase
After breakdown of the...
Hey! LINKUSDT price can follow small swing towards 10-s zone in nearest day or two. Keep your position sizes under control and manage risk is important, especially if you are trading with leverage. SL zone for short can be placed above 11.2 (0.618 Fib) and I highly recommend to watch for closing prices, as crypto market loves to fool us with long tails.
Hello! Welcome on 1h update: Price formed a triangle shape and now collecting liquidity towards short-term retracement. Expected pullback zone near 10900-11100 levels.
Do not forget to protect yourself from losses.
Hey! Here you can see 1D chart of bitcoin, and what it takes to grow from here:
1. MA setup in bullish order
2. Next resistance shouldn't be very heavy to break
3. We all remember 10k Guardian :)
Good luck and nice profits. Do not run into trouble using wrong risk size....
Hey! Price of ONT now moving inside wendge pattern and look like this:
On chart I find 2 spots for buying inside wedge. I marked them with blue rectangles.
Targets can be found near 0.6 and 0.7 zones, but just in case we can fix partially on levels below.
Keep up good trades, and never give up on risk.
Hello! Price of NZD is located at local top poin (if look from Weekly/Daily range) and now we are insider Rising Flag setup. Here is 2 options to go.
I've noticed rounded up top shape and rounded bottom line, this is quite unique.
Hey! The picture shows price action model which appears on bitcoin: reversed triangle top. Most of the cases price going down a little and making another Impulse move.
Use stop loss and follow risk management in every trade.
Be safe and have a nice profits!
Price of the bitcoin today break the resistance inside big triangle and heading to another level of resistance at 11000.
Watch for MA crossover before taking decision about shorting (selling) bitcoin for mid term, we can safely talk about downtrend only after crossover (in red circle).
My suggested SL located below previous Lower Lows (LL) around 9800 level...
Hey! price of bitcoin is moving next to resistance of triangle and sloping down to support zone of this pattern. Next move of bitcoin could be bullish, because bulls usually very active in Q4. So hopefully we going to see price rise to 12000+. I will put SL for this trade below previous lower low.
Want to share with you potential good entry for Ethereum.
If you want see more long-term ideas push Like 👍, and in comments 💬 let me know what trading pair.
From bigger perspective it seems like ETHUSD developing W-shaped bottom.
In current market phase we can expect some wiggle near $180.
Will be smart to be ready for lower levels, no matter what...