BTC / USD Local work. Timeframe 4H

Updated

A local triangle began to form in the lateral side. Now there is no entry point, but only a situation for observation, since this local triangle is being formed. Enter on a breakout or pullback after the formation is completed towards the breakout. For long-runners, he specially showed with arrows what to observe for local work. I remind you once again, the timeframe is 4 hours. Learn to see what the majority is blind to and you will be happy. Whoever is looking for a big button "loot" without effort and understanding will receive a "zero deposit" and rightly so ....

Note

They made a false breakout along the local triangle and broke down to the local minimum, from which a rebound occurred. Now the price is inside a large forming triangle. The price approached the local downtrend (purple). In case of its breakdown, the price growth potential to the zone of the downtrend line (triangle resistance). This is + 10%. Then the price will react to this resistance. If this local resistance (purple line) is not overcome the potential first decline within the formation towards 28600-29000. Further, it is the same as in a long situation - observing the reaction of this zone of support, or it will again become a local reversal zone or not. I showed what to look for on the chart with arrows.

Note

already + 8% since today's local breakout of the downtrend small trend. We go to resistance. A breakout of this resistance can reverse the trend

Note

+ 15% from the breakout zone, a slight pullback to the specified level. A local uptrend is developing.

Note

Pay attention to how exactly the price moves along the indicated numerical levels and from what values the impulse of 12.91% has begun now (the end of the local uptrend I have indicated). The momentum is developing. At the moment, the profit on this trend from the reversal becomes 15% + 8% + 13% (holding a position in the trend, I have an idea of training / work on this, I showed it on BTC and ETH)

Note

BTC / USD

The trend is developing. Yesterday's impulse gave 21.06%. You probably understand that 21% is not an accident. From the breakout of the secondary trend, the profit following the trend is + 42% (local work from February 2).

What to observe and on what zones the further development of this strong movement depends on the chart. A breakthrough of the local maximum will mean further price growth. From a marketing point of view (media-FUD), overcoming 50 thousand is just as important as on air 1444, which I wrote about more than once. Which is what happened. Perhaps this will not happen immediately, but after a rollback to the uptrend line (green). On the contrary, it will be good for this space launch. Let me remind you the 4h timeframe.

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.