BTC (Y21.P2.E2).I say Symmetrical Triangle
Updated
Hi Traders,
Bitcoin is known to create Symmetrical triangles for those special moments where a clear direction is needed and why would it not do it here, down to the wire.
OBSERVATIONS:
- The FIB levels are aligned with support and resistance levels.
I tend to go through the whole price action, draw up the lines and then apply fibs and this keeps you honest.
- The weekly chart looks bullish so far and its likely to close strong on the weekend, maybe. Observe my weekly chart.
- The daily EMA with the 10 and 20 are also aligned with the price action in those support trend lines and\or pivot points.
At this point, if I have my count right, this will be a move to the upside, however this scenario has conditions so lets see how this goes.
Below are detailed charts and if you look at my past 2 video presentations, it explains price action to that date.
Links supplied below
SCENARIO 2: Ascending Triangle, chart below
Scenario 3: Down
I will update this post when I have the chance and\or where its needed.
All the best,
S.SAri
SCENARIO 1
+=========================================================
SCENARIO 2
+=========================================================
Bitcoin is known to create Symmetrical triangles for those special moments where a clear direction is needed and why would it not do it here, down to the wire.
OBSERVATIONS:
- The FIB levels are aligned with support and resistance levels.
I tend to go through the whole price action, draw up the lines and then apply fibs and this keeps you honest.
- The weekly chart looks bullish so far and its likely to close strong on the weekend, maybe. Observe my weekly chart.
- The daily EMA with the 10 and 20 are also aligned with the price action in those support trend lines and\or pivot points.
At this point, if I have my count right, this will be a move to the upside, however this scenario has conditions so lets see how this goes.
Below are detailed charts and if you look at my past 2 video presentations, it explains price action to that date.
Links supplied below
SCENARIO 2: Ascending Triangle, chart below
Scenario 3: Down
I will update this post when I have the chance and\or where its needed.
All the best,
S.SAri
SCENARIO 1
+=========================================================
SCENARIO 2
+=========================================================
Note
The moment of truthNote
I forgot to put my daily with weekly resistance levelsNote
Note
Note
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This community has signals now but with no risk management comms.
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