I just try to read what the chart is telling me. It could be wrong ( the chart) or I could be wrong in my interpretation Look at it as a test of your skill at reading charts.
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I call this "aggressive" because we dont have that typical deeper retracement (ABC corrective wave) here but a flat correction, which i have labelled WXY.
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During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day,...
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Bitcoin is still in its correction phase after being confirmed with the pennant pattern break and is currently in a downtrend channel on the 4h timeframe. The next target is to March 2024 low at area 57k and its final target is into the lower of the channel at a major demand support zone at area 50-52k.
Confluence of Support: Flag pole downside target around $52k. Bottom of parallel channel we should bounce as we have done recently at the bottom of the channel 200 Day moving average around $50k so near the 52K That said we still have strong bearish momentum. Price is expected to down to $52k. At that price target we might flip bullish. Are you bullish or...
This is only an idea. Follow if you wish. I'm not a pro. I have a trades open at the marks. Vertical green lines are Gann sq9 time periods where you should expect price action. Purple horizontal lines are potentially significant price points. I marked the important price points from Gann Fan, Fib lines and trend lines. The price points outside of the trade box...
btc moving in a bullish flag right now it is forming double bottom in daily time frame if it breaks 60000 support next strong support is 58500
Hello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Bitcoin 30-minute chart. There is a Nasdaq indicator announcement at 11pm tonight. After touching the center line of the Bollinger Band daily...
A descending downward trend has been broken. Now the price is going to the 65K.
BTCUSD following south a retest on my trendline and the blue zone have completed if you're seeing this right now you enter this trade.
I expect us to drop to around the 50-52k level. Maybe this creates an inverse head and shoulders that sends us back up.
Btc is still in a range of 50k-70k. We might see a push to the downside at 55k level maybe a wickfish into 50k zone but i think it will reverse immediately from that dump. In the other side alts are still suffering , and this will continue until dominance reaches 60-69% it depends on the PA of Btc . Some alts might bleed a little bit more but overall things are...
Market swept PDH and ARH we have MSS and displacement followed by IMB we enter at the FVG stops at the high and target 1:2RRR. LETS GO
Hello Traders As I can see BTC is now trading above the 60K$ after hit ATH and i CAN SEE A BULL FLAG HERE !!! If price does not break given Stop Loss level, then it can create a big move so don't miss it its a very low risk-based entry and higher rewards Friends Supply and Demand is issue now with BTC price it had HIT ATH and now retrace more then 14000$ its time...