BTC / USD Timeframe 4 hours. A cup. Working on the instrument.

Updated

The update of the previous idea was made at the very lowest point of the reversal of this local trend. The profit is now 21.72%. The potential cup width is 34.91%. The options for the development of the price movement are shown on the chart as well as the price levels. Open your eyes and learn to see. Play, learn, not the goal of "cut the loot". The first ones win, the second ones get burned, and rightly so.

Your nerves and doubts are displayed on the price chart, creating volatility and bringing profit to those who understand the work.

Update 26 02 2021

Profit from the last update of the work 11 days ago
+ 26.1% of the low point
+ 21.72% since the breakout of the specified downtrend

Remember, the most important book on trading is your experience, which is based on basic knowledge of TA (the most elementary), logical thinking and knowledge of the psychology of human behavior. Your experience may or may not develop, it depends on your hard work and intelligence level.

Note

60,000. The price is trapped in a narrow ascending channel at the moment in its lower part. Some numerical values are very important to chart for future "non-crypto events". Therefore, there is a possibility of a strong impulse. At such moments, when there is uncertainty in the market and certain people "decide how to fuck everyone" and direct the price to either side against the confidence of the majority:

1) comply with risk management
2) "protect your profits" (especially altos that have grown a lot)
3) do not work with inadequate leverage in trading margin, or refuse it altogether.
3) if you are not sure about the price movement, observe from the side.
4) is calm about everything and not nervous. The market does not like alarmists, and it is at their expense that one earns

Note

Timeframe 1 day. The development of the trading situation now.

Note

+18,33

Note

Bitcoin. Triangle. Important areas. 58440. Work on a coin

Note

Timeframe 4 hours. The ascending triangle has been formed. Bottom 33.33% An inverted head and shoulders in a triangle under its resistance is formed. Base 18.31%. False local breakdown of the triangle resistance - GWP 2.67%. Your attentiveness and understanding is the key to a profitable and calm work.

SpartaBTC

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