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Expandingtriangle

Bitcoin at Resistance: Expanding Triangle Hold=>Last Chance!!!Bitcoin ( BINANCE:BTCUSDT ) is moving in the Resistance zone($104,700-$101,920) , near the upper lines (resistance role) of the Expanding Triangle Pattern , Monthly Resistance(1) , and Time Reversal Zone(TRZ) . In terms of Classic Technical Analysis , Bitcoin seems to be moving in an Expanding Triangle Pattern during the last 30 days . If the upper line is validly broken, this pattern will be failed. According to the theory of Elliott waves , it seems that Bitcoin can move in an Expanding Flat(ABC/3-3-5) in the 4-hour time frame . Bitcoin is currently completing microwave 5 of the main wave C . If Bitcoin touches $107,000 , the possibility of this corrective pattern being failed is very high. I expect Bitcoin to drop to at least $100,000 . Note: If Bitcoin goes below $107,000, we can expect BTC to make a new All-time High(ATH). Note: There is also the possibility of Bulltrap formation. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
29
BITCOIN Expanding Triangle breakout?Should I be worried and cut my losses because of the war in the Middle East and the impending recession? For me, no. The lower time frames are full of noise, and if you know your game plan, don’t panic. If you are a long-term investor, that’s fine; if you like to DCA, you’re doing great! What’s important is knowing when to exit. For me, I'm still bullish unless we break the protected low at GETTEX:48K , because that might be when I need to change my bias. If you notice the chart, it has retested the expanding triangle three times. I think the fourth retest will be rejected again, but the fifth one will definitely break out. I think my safe exit will be between $95K and $100K, but we’ll see because we’re not market makers.
CRYPTO:BTCUSD
by chase_ID
2
EURGBP EXPANDING TRIANGLE PATTERNHello Traders, Today, we're focusing on EUR/GBP. I'm thrilled to share this analysis, especially since I don't often publish such insights. Let this be the inaugural one. On its daily chart, EUR/GBP is navigating through the 5th wave within an expanding triangle. Recent price movements hint at a potential reversal, underscored by the formation of a price action reversal pattern trap. Based on today's candlestick patterns, the price has surpassed the last two bars, signaling bullish momentum. For those considering entry, stops can be strategically positioned below today's daily candle, aiming for targets along the upper trend line. This setup is straightforward and easy to follow. Don't forget to like and follow to ensure you don't miss out on trading opportunities like this one.
Long
by TradeChartPatternsLikeThePros
2