Keep it simple: If we can turn the green box into support, red is bottom and we should work our way to range high. Scam wicks always possible. If we fail to turn the green box into support, than we search for inspirational videos about how money does not buy happiness. Orange zone = no trade zone.
Quick update on where BTC is at BTC is currently in an ascending channel - zoom out for main channel. Red line: short term resistance keeping highs lower Green line: short term support Orange line: main support RSI still okay - if it drops below 30 we might see a big reversal 52K main support - if it price drops below we might go towards the the 48K ...
Symmetrical triangle Textbook: wait for confirmation ➡ breakout of triangle Volume still low RSI looks good MACD & STOCH RSI cross-over ➡ bullish signal Red dotted lines ≈ key resistance levels Psychologic levels: $40/$45/$50 Higher timeframes = safer Caution: BTC volatility may affect the entire market Advise to beginners: spot trading = safer...
Ascending channel Textbook: bullish continuation RSI: remains bullish VWMA + SMA = confirms uptrend Bearish breakout of channel ➡ needs additional confirmation Target ≈ 66/68k Key support level ≈ 52k (0.618 fib level) Possible bullish scenario: continuation of upward trend towards target area Possible bearish scenario: breakout of channel (+...
Bullish flag pattern. RSI still looks bullish indicating we are still in an upward trend BNB has it's quarterly burning coming up ➡ potentially cause a massive buying pressure in the nearby future ETH gas fee's still not resolved ➡ momentum for BNB Wait for breakout at ≈ $280 Caution: BTC volatility may cause spikes which can trigger SL Not financial...
Textbook: wait for breakout to confirm trend. Careful not to FOMO as triangles might have fake breakouts. Higher timeframes = safer. Not financial advise. I am not an expert, just my opinion. Feel free to share your views in the comments.
Bullish flag pattern Daily MACD and STOCH RSI: forming the start of a bullish crossover Wait for breakout to confirm trend Higher timeframes = safer Not financial advise. I am not an expert, just my opinion. Forecast ≠ guarantee. Be careful of false breakouts. Feel free to share your views in the comments. Good luck!
Falling wedge pattern Bullish pattern Textbook: bullish breakout 2⁄3 more likely Wait for breakout to confirm trend Forecast ≠ guarantee Key support ≈ $1 Higher timeframe = safer Not financial advise. I am not an expert, just my opinion. Feel free to share your views. Good luck everyone!
Patience > FOMO Not financial advise I am not an expert, just my opinion. Feel free to comment your views.
Descending triangle. Textbook: bearish Short term: bearish Long term: I believe BNB to be bullish All depends on BTC. Wait for breakout to confirm trend. Not financial advise I am not an expert, just my opinion. Feel free to comment your views.