A foreign exchange pattern in the BTC market

Updated

Hello friends,

As you see, these patterns are Expanding Triangles.

In an expanding triangle, each individual leg is larger than the previous one.

As a result; an expanding triangle sends out contradictory signals for traders, which leads traders to make faulty decisions!

A Possible scenario is shown in the chart.

BTC (4h)-Technical

RSI *** Sell
DMI is Bearish

Oscillators:
Moving Average Convergence / Divergence *** Sell
Momentum Indicator*** BUY
Bull Bear Power is neutral

Moving Averages:
Ichimoku Cloud is neutral
Exponential Moving Average *** Sell
Simple Moving Average *** Sell
Volume Weighted Moving Average *** Sell
Hull Moving Average *** BUY

For more details, See attached Idea.

Follow updates.

Note

You can set a Sell order (40% sell) at $ 42k (60% hold)

You can set a Buy order (20%) at $ 41k
You can set a Buy order (10%) at $ 40k
You can set a Buy order (10%) at $ 38k

Note

Note

BTC-XLM

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