BTC/USD Local work 4 hours. Symmetrical triangle. 16

Updated

The chart shows potential work in a local trend on the BTC / USD pair. Timeframe 4 hours. At the moment, we see that a 16% symmetrical triangle has formed after the break of the upward small trend line. Volatility is clamped to critical values, and the end is coming soon. Entering a breakout or a pullback after a breakout, depending on your trading strategy and risk management. This triangle can appear in cases of its breakthrough downward as the canvas of a downward pennant. Price levels, percentages and .... are shown on the chart. The work logic is pretty simple. Also, one should not exclude false breakouts and the removal of "doubters". "Gentlemen have arrived".

All my trading for the year BTC / USD see under the description in the links. Pay attention to the accuracy of the forecasts both locally and globally.

Note

There is a breakdown of the symmetrically upward triangle at the moment + 3%

Trade closed: target reached

+ 15% from the entry zone with the breakdown of the symmetrical triangle

Note

Work on the "helicopter". The impulse continues.

Note

BTC/USD Local work. Symmetrical Triangle. Decoupling Soon

Note

Trade closed: target reached

2 the local short target is reached and quite accurately to the reversal zone (potential price stop) a little more than 7%. Further work from the level zones. Pay attention to the downtrend and the fact that on the daily timeframe the price is already outside the local uptrend.

Note

Pay attention to the downtrend, as well as the fact that on the daily timeframe the price is already beyond the local uptrend. The hammer candle was formed from the reversal zone on the daily timeframe, but there is still a lot of time before the close of the day. A positive scenario for price growth is below the downtrend (red line - triangle resistance)

Trade closed: target reached

7.6% since the breakout of the triangle. Also pay attention to bounces from local levels. An important zone is the $ 17,300 level (pink line). A sideways trend depends on it or will form from the top or a full-fledged downtrend will develop

Note

BTC/USD Local work. Important area. The fate of the trend.

Trade closed: target reached

1 target taken + 6% from the reversal zone. We are moving towards the second target

Note

There is a breakdown of the downtrend of the former local triangle, from the entry point already + 9.6%

Note

BTC/USD local work from reversal zones 4h Past trading idea 9,6%

Note

there is a breakdown of this triangle up + 4.49%. Now rollback. The area of the former resistance line during the pullback was confirmed. The price hit a local downtrend that formed on a pullback after an impulse. Overcoming it and exiting from 23800 (13) will mean the continuation of the upward movement. The goals of the movement were indicated earlier.

SpartaBTC

✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.