MakkTrades

MakkTrades

Entry: 1830 SL: 1783.2 TP: 1971.8 4H Long: The blue rising wedge has been created from alternating major highs and lows since June. Price is reacting again to the rising wedge support zone, along with a demand zone (yellow zone) created from its previous major and minor highs. The white pitchfork estimates momentum from the previous two highs and low. Price is...

MakkTrades Updated 

BTC/USDT 4H Trend Analysis Currently, BTC is testing its (blue) triangular trend zone after positive CPI news on August 10th. A bullish breakout of this triangle could lead to a continuation of the major trend momentum (pink lines). The first major test will be from the orange supply zone resistance created from the previous high on July 30th. If price fails to...

MakkTrades

1H Long COIN reached an expected demand zone assumed from a previous minor low and shifted pitchfork momentum. Stop loss set below support. 4:1 upside ratio. Let's see how this plays out.

MakkTrades

After expectations were confirmed from the FOMC meeting on July 27 and some positive words were heard from the Fed, the price of BTC reacted with considerable bullish volume. Price has reacted again and surpassed the diagonal resistance created from the June and July major highs. Will BTC reach new highs in early August? The current rising channel momentum has...

MakkTrades Updated 

Entry: 20883.6 TP: 22989.2 SL: 20187.8 Long Trade Idea: BTC has reached a point reflecting a reaction from a minor support zone, upwards channel momentum, and major pitchfork momentum. These zones may suggest a bullish reversal to occur making a temporary new high towards 23400. The RSI indicator is not showing any divergence which may suggest that the major...