BTC/USD Potential for the formation of a large triangle 244%

Updated

The potential for formation of a large triangle 244% like in my publication on June 28, 2019 at the price of 11347.08 and from it a reversal-correction to the zone 5307.19 (squeezes are an accident, not a plan), then from this zone a reversal and exit to break through the triangle 10666.

Notice that the price is now in that one target zone that I indicated 2 years and 3 months ago. 47937,26

BTC possible formation of a global triangle.

BTC возможное формирование глобального треугольника. Памп альтов

The origin of this trend (exit from the triangle) was shown on 18 10 2020 at a price of 10666 in the trading idea:
BTC/USD Primary Trend. Secondary trend reversal zone.

BTC/USD Основной тренд. Зона разворота вторичного тренда.

About the trading situation now. A large triangle is forming. This idea is a clone with the publication levels of 18 09 2021 in the telegram channel. A market maker forming a large triangle and advertising about it in the media during its breakout is the most rational solution (profitable for everyone). After all, seeing the triangle breakout and its potential targets, no one is afraid to buy. The targets are impressive. Falling prices (squeezes don't count) inside the formation. They can scare fairy tales, as they always do masterfully when the price falls.

Also the main thing to understand is that it is important to break the downtrend (resistance of the triangle) and fix the price above it. There is a variant of development of the price movement as in 2013 without a significant correction (low probability).

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Zeitrahmen 1 Tag. Der Kurs hat die 40er-Marke erreicht. Das Dreieck bildet sich weiter aus. Die Logik wird durch die Pfeile dargestellt.

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+30% from breaking resistance of the local downtrend (purple).

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+35% Price reached the important resistance zone 58018

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+47% The price was pulled up to the zone of previous highs. Tomorrow is the 18th. All events (news) on many cryptocurrencies pulled up to this date. Look at the chart of BTC what was happening in the zone of this time exactly 1 year ago. Also publish this trade idea 18 10 2020

Whatever happens always protect your profits. Protection is not a premature exit from a position, it is protection.

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Today since the publication of this trading
BTC/USD idea exactly 23 07 21 (666.7.21) +103.18% from the wedge breakout.

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after the breakout of the local downtrend (red, white arrow), a local 13.99% bowl was formed. The price is in the area of the resistance level of $ 66600 (previous local highs). Local zone of a reversal or trend continuation.

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after the breakout of the resistance of the triangle, the price is now in the area of the resistance level of $ 66600 (previous highs).

Who else is waiting in a bullish trend for a decline to 21 thousand? Or there are even those who "wait" for a dump with a stick down to $ 18,000 (similar to how in the bear market of 2018-2020, the "specialists" were waiting for a pump (or at least a return) above the pumping stick of the end of 2017). As for me, a more likely pumping in a trend to 160 thousand than a decrease to 18 or 13.

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Local work. Secondary descending wedge, which is part of an expanding triangle (in the case of holding the support zone of the large triangle). Work with wedge resistance (purple). It should also be understood that bitcoin is a market indicator. In the medium and even more so in the long term, everything is more than just fine

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The price moves further in the falling wedge zone. The pressure is getting harder. Negative FUD starts again as background for price direction. A breakout of the local downtrend (purple) will mean a reversal of the market (all alts are the same). By the way, there is now a fractal similarity with the last (September) local fall.

For many market participants, it is especially indifferent to gain the main part of the position at $ 42,000 or $ 48,000, like in 2018 at $ 3100 or $ 4072. Since then, the price has increased many times, even now on the correction it is at 10X

What do you think, after 2 years, when the price increased 10 times, there is a significant difference who bought BTC at $ 3200 or $ 3500? I think not, but the waiters who were waiting for $ 1100 and even a repetition of $ 3100 remained "offended". I don’t think that stupid market participants who didn’t make their purchases bought on the "stick-out" waiters + 18% per hour and + 28% the next day. Many then were already waiting for a return back to the accumulation zone, even to the upper values, but alas - to buy a little lower, as well as to sell a little higher, generates disappointment and poverty ...

Some analysts with a huge number of speculative followers predict the price drop in this local correction to $ 36,600 and even lower. By the way, in 2018, in accumulation, they predicted a fall in the price of their sects to the highs of 2014, that is, by $ 1100

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About 9% since the breakout of the downward wedge resistance from 21 12 21. Price has reached locally a resistance level of 50666. A fractal similarity as in the past secondary trend. The alts market followed by BTC came to life. Some have started to pump (beginnings of moves).

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BTC/USD Большой треугольник. Пробой. РЕтест. Зона зажатия

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Price at the support zone of the local clamping level 46660$ Be careful in your work, observe risk management, keep away from inadequate margin leverage otherwise it can be very painful.

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from the support zone of 4666.72 down to the level zone of 42651.52. Similarly, altcoins corrected for BTC, especially those with significant profits.

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Timeframe 1 week.
The price continues to hold in the designated "neck" support zone.
An important zone. The zone of concentration of stops. From this zone of reversal or continuation of the trend logically there are 2 options for the development of price movement:
1) "Chief all gone" - Working off the "head and shoulders" goal.
2) "Cheated again as usual" - Holding the zone and formation of a 3 wave "ascending triangle" with the resistance zone 58-65.8 (Musk 69) and ...
Key Local Time Dates 11-13. 17-18.

It is worth noting that the vast majority of mid-liquid altcoins are at their historical lows, including accumulation zones (note those crypto-funds where accumulation occurs).
Probably the first thing to pay attention to are the "new promising scams" that have not yet been significantly pumped up. These altcoins are worth paying attention to in the implementation of both Scenarios 1 and 2. The main thing is not to be greedy and do not "believe" in something that does not exist.

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Nothing happens in the market globally for the last 2 weeks. During this time on BTC/USD a local double bottom was formed (if the level of 40K will be held). Since January 17, this local decline began, the price reached the level of 40000.40 (squeeze earlier).

An important local reversal zone (breakout of the descending secondary trend, the purple line on the chart) or trend continuation (working off of all the expected GIP targets. The zone from which a lot is decided, as I wrote earlier, at such moments, do not get into transactions prematurely, and, wait for the denouement of the trick, you always have time to earn. Pay attention first of all to altcoins which are in accumulation zones, bitcoin is more like an indicator.

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followed the scenario of a gap after the breakout of the 40K level.

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Bitcoin entered the former secondary trend accumulation zone (May-July, accumulation after the 19 05 drain). In which there was great volatility (suggestion of uncertainty, zone of a large number of logical stops, "roundabout" with shortists / longists) in steps of about 21%, with a large degree of probability it will be observed now.

It is worth noting that on the 1-month timeframe we expressively observe a double top, which can be redrawn into a huge "rising flag" if this zone is held. In the long run, the BTC will not just be fine, but very fine despite these fluctuations in the first half of 2022.

SpartaBTC

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