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BTC/USD Local work. Symmetrical Triangle. Decoupling Soon

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This trading idea shows the local work on the BTC / USD trading pair. Timeframe 4 hours. A symmetrical triangle is formed at the top of the trend near historical highs. With a base of 9.69%. Entering in the direction of a breakout or pullback after a breakout of this formation. Target levels (zones) are shown on the chart.

Past trading idea for local work on this trading pair.

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


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I attached my trading on this trading pair (trading ideas and trading learning ideas) for 1 year under this description.

Trade, study, develop. I wish all smart people to become even smarter and earn big capital thanks to this. For fools, lazy people and adventurers, I wish that thanks to their failures in the market and in life in general, the toggle switch in their brains would switch to a change for the better.
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Trade closed: target reached
snapshot 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.
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snapshot 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
snapshot 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
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BTC/USD Local work. Important area. The fate of the trend.
Trade closed: target reached
snapshot 1 target taken + 6% from the reversal zone. We are moving towards the second target
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snapshot There is a breakdown of the downtrend of the former local triangle, from the entry point already + 9.6%
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BTC/USD local work from reversal zones 4h Past trading idea 9,6%
Trade closed: target reached
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snapshot 23844 (on Binance 23810) At the channel resistance at 21440, the price was delayed by 3 hours and the channel was broken.
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snapshot 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:
Bitcoin (Cryptocurrency)BTCBTCUSDTbtusdChart PatternscryptocurrenciesCryptocurrencycryptotradingPivot PointstrendTrend Analysis

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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.
Bitcoin (Cryptocurrency)BTCBTCUSDTbtusdChart PatternscryptocurrenciesCryptocurrencycryptotradingPivot PointstrendTrend Analysis
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:

Related publications

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.