BTC / USD Secondary trend. Potential triangle formation
Updated
From the reversal zone after the breakdown of the resistance of the ascending channel, there was a strong impulse, first by 13% (local symmetric triangle after the breakdown of the resistance), then naturally by 18%. Notice the fractal with the previous high on June 6, 2019 (not shown in the chart).
There is a high probability (almost always) of a large triangle or similar formation with a similar psychological effect forming at the top of the trend (to inspire uncertainty and doubt). If this happens, then the price movement of the crypto market brand will go sideways for some time. When Beethoven is in a limited price range, we will see, first of all, a super pumping of highly liquid top altcoins.
I want to note, who does not understand the logic of work and the psychological effect-action, with corrective (downward) movements (figure formation), those altcoins that will be pumped can be similarly adjusted by an average of 30%. The weaker the sect of believers in the asset, the greater the percentage of price reduction. It is worth noting that a lot depends on who is the “shepherd” of the asset and what interests of market players who have large positions and can affect price movements for purely personal purposes. Most altcoins are now near the breakout line (zone) of the main trend. The first alt, for example, with a similar situation and where the trend reversal occurred, is LTC. (I have a trading idea).
LTC / USD Main trend. Monthly schedule. Triangle. Pivot points.
This is a trading idea that I posted 1 month ago.
Main trend. Secondary trend reversal on the BTC / USD trading pair.
By the way, I showed this symmetrical triangle of the secondary trend for BTC / USD and the time of its formation in a trading idea more than 1.5 years ago. I left a link to the idea under this trading idea.
BTC / USD Main trend. Triangle Secondary trend reversal zone.
On BTC, and on the market in general, be careful, learn to see what the majority does not see, because they were taught to be blind by their own "pastors". At the moment, the price of the BTC / USD pair is quite high from the lines (zones) of the main trend and the secondary trend (red and blue thick lines). Very strong bullish sentiment, this is not surprising given what position the United States may find itself in in the near future, which may lead to unstable fiat currencies.
I publish trading ideas on a voluntary basis, I have no personal benefit from this. I don't need recognition, self-affirmation, status, and the like in a virtual fake world. I will ask the characters for whom it is important to be "noticed" to refrain from silly comments, if they do not like something - walk by.
Under this trading idea, I have attached old trading ideas (with an update and explanation of how to work with key price movements from pivot zones). Shown is my trading in this trading pair for about 1 year. Also check out the latest trading ideas for this local trend over several months and very accurate price movements.
There is a high probability (almost always) of a large triangle or similar formation with a similar psychological effect forming at the top of the trend (to inspire uncertainty and doubt). If this happens, then the price movement of the crypto market brand will go sideways for some time. When Beethoven is in a limited price range, we will see, first of all, a super pumping of highly liquid top altcoins.
I want to note, who does not understand the logic of work and the psychological effect-action, with corrective (downward) movements (figure formation), those altcoins that will be pumped can be similarly adjusted by an average of 30%. The weaker the sect of believers in the asset, the greater the percentage of price reduction. It is worth noting that a lot depends on who is the “shepherd” of the asset and what interests of market players who have large positions and can affect price movements for purely personal purposes. Most altcoins are now near the breakout line (zone) of the main trend. The first alt, for example, with a similar situation and where the trend reversal occurred, is LTC. (I have a trading idea).
LTC / USD Main trend. Monthly schedule. Triangle. Pivot points.
This is a trading idea that I posted 1 month ago.
Main trend. Secondary trend reversal on the BTC / USD trading pair.
By the way, I showed this symmetrical triangle of the secondary trend for BTC / USD and the time of its formation in a trading idea more than 1.5 years ago. I left a link to the idea under this trading idea.
BTC / USD Main trend. Triangle Secondary trend reversal zone.
On BTC, and on the market in general, be careful, learn to see what the majority does not see, because they were taught to be blind by their own "pastors". At the moment, the price of the BTC / USD pair is quite high from the lines (zones) of the main trend and the secondary trend (red and blue thick lines). Very strong bullish sentiment, this is not surprising given what position the United States may find itself in in the near future, which may lead to unstable fiat currencies.
I publish trading ideas on a voluntary basis, I have no personal benefit from this. I don't need recognition, self-affirmation, status, and the like in a virtual fake world. I will ask the characters for whom it is important to be "noticed" to refrain from silly comments, if they do not like something - walk by.
Under this trading idea, I have attached old trading ideas (with an update and explanation of how to work with key price movements from pivot zones). Shown is my trading in this trading pair for about 1 year. Also check out the latest trading ideas for this local trend over several months and very accurate price movements.
Note
A pair is lowered from the reversal zone before the close of futures. The reversal zone is marked fairly accurately Level 19666
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Trade closed: target reached
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Trade closed: target reached
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✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
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