Bitcoin Double bottom with flag formation
Updated
Been a while I update my BTC idea, we still have same structures in play with potential Bullish flag formation. Have earlier talk about this pattern before but price still very much play inside the flag.
The last leg down signify potential double bottom with price forming possible W shape which should be completed when the mini abc wave is formed.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS
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Thank you
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
The last leg down signify potential double bottom with price forming possible W shape which should be completed when the mini abc wave is formed.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS
Do know that I appreciate you taking the time to read my posts and Please leave a LIKE and FOLLOW us for more updates.
Thank you
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
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hey guys we are all aware of the latest ETF fud, here is what I think and how I plan to play it, its all basic market manioulation either to bring the market more down or to conform with TA target.Here is what i think the suggested entry will be shifted down to be within the 78.6% and 88.6% fib level of the previous move that form corrective wave a(3430-3605)
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Quick update on the market, so far after the last release of the sec market instability has gone on a high note.But, we must take this serious if there is a break below the previous double bottom(3435) this will surely trigger 3200 level zone. We should all watch for this.
For now we have Bull flag forming on 1hr through 4hrs timeframe let see how this will develop.
Thanks for following my updates, remember to leave with your likes.
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Comment
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We may follow this wave pathTrade active
Hey guys do check this ascending broadening formation, this could be the real deal.
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Price seems to have break from this mini Bull flag now let see if we go more up soon.Trade active
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Trade closed: target reached
Price hit target 1 and 2. What a great call.Trade active
Trade closed: target reached
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