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Triangle

BTC Bitcoin/USDT Bybit chart. The good, the bad and the ugly! Hey yall let me explain some things real quick. First, I cant use my mic right now... Little cute daughter and wife sleep in my room. Please excuse me. Im also on my laptop not my office set up lol... So I apologize... Great levels to see on my chart as I fib from march 20th of 2020 all the way to ATH of 69k and then 69K back down to the latest low of 32kish... The 0.382 lines up to be a perfect explanation level of resistance as you will see in the video all though I don't explain it all that well lol. Hope you still get something out of it! Any questions I'm happy to answer just leave comments! I know its not rocket science for you advanced traders or even intermediate. Im just sharing my findings... Don't jump down my throat, experts.... most people are very cool on this platform. Some take this a bit too seriously! Just trying to help! Remember that pls when you comment... Feel free to roast me, however, on my lack of short cut skills or my random nervous movements! hahahahaha. I'm good with that! Be blessed and stay free fellow humans! Pachem
by pachem
1
OBEROI REALTY Looks good for positional trade.Aim for 5-8%. It can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 5-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. Take trade if all conditions meet at the end of the day 3:15-3:30 PM. If you have any questions or suggestions, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
NSE:OBEROIRLTYLong
by Chartmaniac
Video: New Pattern to Watch For on the Bitcoin Chart!Traders, I think this ascending wedge should be something we put on our radar here. With fairly recent bullish price action along with our VERY strong support below, the probability that it plays out is LESS LIKELY than normal, but it does appear that BITCOIN is drawing a BEARISH ASCENDING TRIANGLE here. This may be further confirmation that the HEAD AND SHOULDERS pattern I have drawn in PURPLE will indeed play out and meet it's target down of $20-24k. Remember, I have doubted whether or not this will actually occur all along. So, now we have yet another pattern that seems to indicate there could be further downside in the cards. An exit to the UPSIDE of the TRIANGLE would be very BULLISH. An exit to the DOWNSIDE of the TRIANGLE would be VERY BEARISH and with confirmation on the daily, I would then expect us to reach our TARGET DOWN of $20-24k. Again, confirmation to the downside would be very important. A breach of our support is not enough. We would need a second candle to open and close below support (BLACK ASCENDING TREND LINE) and preferably a third candle to follow suit. For now, the market remains inside this TRIANGLE, which I have called the FUD ZONE. Until anything significant is determined geo-politically, whether positive or negative, I don't think our station inside the triangle is going to change much. I expect us to remain inside the triangle, unless and until the market receives news (good or bad). This is just one more indicator to add to your array. Please be safe with your trades at this time. I wish you only the best. - Stew
INDEX:BTCUSD
by stewdamus
WOCKPHARMA gives a breakout. Add to Watchlist.NSE:WOCKPHARMA Aim for 5-10%. It can be easily achievable in 1-3 days. My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2. The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities. It is an analysis video. Take your decision on your own. Take trade if all conditions meet at the end of the day 3:15-3:30 PM. If you have any questions or suggestions, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
NSE:WOCKPHARMALong
by Chartmaniac