Every low are higher near S-support line and then rising impulse
This move shows that price more likely in traingle pattern
with S-support line.
The BTC price is approaching to the end of pattern, I think,
we will see culmination soon.
More possible it will be ascending move.
Near the end of traingle and near resistance zone 11200-12000
we need to see more...
Yesterday downward impulse broke S-support line.
But bayers returned back the price to S.
Probably, we will see consolidating price near
this line with more likely option - continuation of descending movement.
But if price will back at the big traingle with more
buyer's volume, scenario with big traingle will be actual again.
There is divergence on the 15m chart - every next descending impulse has lower volume. So, we can see correction.
If price will break the local resist. we can try earn by Long. Pay attention for every TP zone, they may be useful for Short deal (following descending trend).
If price will go to short zone3 - open Short following the trend.
If price will break POC...
From April BTC is in ascending trend.
From the end of June the price was found the level for consolidation,
where buyers and sellers got the consensus.
Now this level looks like traingle- or flag-pattern with a wide price range.
I expect the continuation of growth. But some days ago price
shown false breakout from this pattern without strong...
Correction of TRX now rebounced from MA on Daily chart. Now it looks like will break the strong resistance based on Volume Profile. Good Long position with 3,3:1 Risk/Reward ratio!
My free Telegram channel: t.me
The same patterns on many TOP coins. Patterns of continuation.. We still in bearish market. Now - pause, maybe some flat or some correction up to 4100, bu t we still bearish! Looking at breakout of patterns to entry short position.
Pair brokethrough the channel resistance
but it looks like false breakout, because
there is divergence between volume and price.
So, be careful if you in Long position.
You need monitoring this pair if you want
continue to Short!