After Many Full Moons Have PassedAs subject, finally BTPS out from bearish structure.
Long
Target as fibo
DYOR
Trade with your own decision
BTPS trade ideas
BTPS potential double bottom with huge upside potentialBTPS has several confluence on fibonacci retracement, fibonacci extension and potential double bottom for huge upside potential at least above 2100.
BTPS potential Butterfly pattern forming if point C is validWatch the point C, if price not going lower then point C then reverse, then probability for Bearish Butterfly forming is higher.
BTPS A+ SETUP TEST IDEAnot shown in this image is the weekly time frame which current candle (June 16th 2023) has raided previous weekly low and stay above the support.
In the daily chart we can see a green candle is traded above previous low candle (June 13th 2023), that suggest there is a possibility to trade higher.
Zoom into hourly chart, it is clearly a setup that starts with a down candle that swipe below previous low time frame support that was overwhelmed by a big green candle upwards leaving behind the FVG (blue box)
TRADE ENTRY
1. the HIGH to OPEN of a green candle (breaker candle) before the down candle which I have noted with an arrow sign conflens with fibo discount
2. Target would be daily Void Above (the green zone/box) in the first picture
BTPS FORECASTInverted Cup and handle. Massive net foreign Sell. High volume when breakdown strong support.
-24 march 2021 trading analysis BTPS-24 march 2021 trading analysis BTPS
Disclaimer: This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
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long possition for BTPS because rebound from strong support 3560 and go to next minor resistane 3840 and then to Strong resist 4050. let's see
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good luck, and happy profit see you for next update #keep learning bakkarianz metode
BTPS: Wait n SeeBTPS close today at 3570 (testing support Fibo 61.8). There was no sign of reversal. If the price is still going down, the nearest support will be at 3430-3470. But if there is a reversal signal, the TP will be 3900.
Summary
Wait n see
BTPS Falling WedgeJust leaving a mark here and let the future me do some throwbacks when i want to in the future
A falling wedge pattern is forming, note that there is a fail breakout. At the moment, it is retesting at its support level around 3600-3700, and its long term upward sloping support (its channel, blue colour line)
If it manages to break its:
- 10,50,100 MA
- downward sloping resistance line (orange line)
- RSI resistance line and 50-line
Using fib extension, there might be a good chance to reach 4500ish or 5000ish for more aggressive approach
Let's see how it goes
BTPS - WAIT FOR BREAKOUT 4060Sudah masuk area FIBO 50% - 61,8%
Wait for breakout 4060 for BUY
TP 4480
SL 5%
btps tunggu di gap bawahbtps masi potensi koreksi sehat. dengan menutup gap di bawah dan kebetulan di ffibo di 0,3 yang di 3450. bisa di tunggu disana
THE FLAG PATTERN BTPS ROAD TO 4790BTPS FORMING A PATTERN CALLED BULLISH FLAG,
THIS PATTERN CAN LEAD BTPS TO @4790 (BUT HAVE TO BREAK THE FLAG TRENDLINE FIRST!)
AFTER BREAK AND THAT DAY THE CANDLE CLOSED ABOVE THE TRENDLINE IS THE KEY TO 4790
AFTER BREAK AND RALLY, PRICE HAVE TO RE-TEST (PULLBACK/SECONDARY REACTION) TO THE TRENDLINE.
CUTLOSS AREA @ 3930 OR BREAK THE LOWER TRENDLINE OF THE BTPS.
DISCLAIMER ON !
BULLISH NOVEMBER?I think a very possible bullish November in Indonesia with most lq45 doing very well.
BTPS jalan naikBTPS terlihat menarik dengan break triangle dengan volume cukup mengagumkan, bisa beli di area 3340-3370 atau buy on break out resistance kotak kuning. Target harga di 4150 atau di area resistance kotak merah.
Last Call sebelum Break ATH Buy @ RSI 43.94 or 4430-4470
Saham yang bagus buat day trading karena sering melonjak
TP
4870(Bila tidak break out resistance)
5000-5060(Bila tidak break All Time High)
Sesuai tp trading plan bila break ATH
CL <4430, break support uptrend
Disclaimer ON
