Parallel Channel proved its important, Bitcoin Kinnari_Prajapati
Updated
Hello! Friends,
I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS. Thanks in advance.
Bitcoin is following channel which was drawn by me on 11th APRIL (I will put the link and result bottom of the page)
The breakdown point is important for long traders. I will update the new trend after breaking the breakdown. A trader can by BTCUSD at value.
=> In the last posted idea, many traders were asking "to buy bitcoin" and my replied was:
Buy Bitcoin at gravitation line and at the value low. This bounce is exactly from Value low.
The next move projected on the chart.
--------------------------------------------------------------------------
"" WEEKLY CHART ""
--------------------------------------------------------------------------
This is "Price Action with Volume theory".
PART (i):
Relation of Congestion vs. Volume examination:
Herein, 4 CONGESTION found throughout VOLUME declined. 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs.
All the Congestion has low volume and after the breakout, we are seeing a single directional move.
If we are at CONGESTION phase, we will see a surge in price after the breakout. In the current case, we have more volume compared to all other Congestion phases.
PART (ii):
Patterns are on the chart:-
Similarity showed by a Black circle.
Following patterns has been detected-:
Bitcoin is trading in Up-Wave.
PERFORMANCE Of Bitcoin link:
I came with new research an idea but, before starting talking about technical Let's share your LOVE by giving me LIKES and COMMENTS. Thanks in advance.
Bitcoin is following channel which was drawn by me on 11th APRIL (I will put the link and result bottom of the page)
The breakdown point is important for long traders. I will update the new trend after breaking the breakdown. A trader can by BTCUSD at value.
=> In the last posted idea, many traders were asking "to buy bitcoin" and my replied was:
Buy Bitcoin at gravitation line and at the value low. This bounce is exactly from Value low.
The next move projected on the chart.
--------------------------------------------------------------------------
"" WEEKLY CHART ""
--------------------------------------------------------------------------
This is "Price Action with Volume theory".
PART (i):
Relation of Congestion vs. Volume examination:
Herein, 4 CONGESTION found throughout VOLUME declined. 5th Congestion expected because of weekly candle gooing to closed today with both sides of the legs.
All the Congestion has low volume and after the breakout, we are seeing a single directional move.
If we are at CONGESTION phase, we will see a surge in price after the breakout. In the current case, we have more volume compared to all other Congestion phases.
PART (ii):
Patterns are on the chart:-
Similarity showed by a Black circle.
Following patterns has been detected-:
- initiative movie
- two triangles
- rounded move with low volume
- tails (while u-turn )
Bitcoin is trading in Up-Wave.
PERFORMANCE Of Bitcoin link:
Comment
New idea updated for you, DONT FORGET to Follow me. 
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.