BTC/USD Secondary trend Triangle breakdown Mid-term trading

Updated

At the moment 24 03 2022 there is a breakdown of a symmetrical triangle, which was formed in a secondary trend after the breakdown of the downtrend line and going sideways. The medium-term robot from the support/resistance levels zones.

Trade according to the algorithms of your trading strategy, based on your experience and risk management, not on emotional outbursts. Don't be a pixel of a controlled psycho-emotional market herd.There are no other words….

For a better understanding of trend performance and direction, see below for ideas for trading and observing the primary and secondary trend (part of it on the chart), as well as an idea for comparison with the Chinese CHINA COMPOSITE INDEX

The lower the percentage you target in trading tools, the more likely you are to make money.

Main Trend.
BTC/USD Primary trend. % of secondary trend highs

BTC/USD Primary trend. % of secondary trend highs

Train your emotions positive/negative, be more attentive, patient, less greedy and as a consequence you will become richer…

Secondary trend
BTC/USD Big Triangle. Breakout. Retest. Clamp Zone.

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

Some people are so greedy that they get greedy with themselves. You shouldn't collect numbers on the screen, they tend to evaporate.

Treat wrappers like wrappers. “Don't identify them with reality. It's a temporary illusion. Take your profits and walk away, you shouldn't care what happens next… Always protect your profits.

Just comparisons to the locomotive of the Chinese economy, CHINA COMPOSITE INDEX
CHINA COMPOSITE INDEX China and future expansion. BTC

CHINA COMPOSITE INDEX China and future expansion. BTC

Diversification is a guarantee of calm and passing market storms without significant (allowable in % ratio to the total deposit) damage.

Note

C 23 to 24 break of the triangle up, currently about +11%. If you work locally protect your profits.

Note

Superimposed on the chart phases of the moon. It is rational to make a retest of the former resistance zone of this figure after the breakdown of this triangle. At the moment the price is in a local uptrend.

Note

From the level of 46660,72 there is a local pullback, a retest of the triangle breakdown area. Now the price is at the level of 42651.52. After that, naturally, altcoins are correcting, which increased on average by +20-40%. The ones that grew by a larger percentage are correspondingly more corrected (people fix profits).

Use this opportunity. From the beaten down stops of those instruments that were in profit, look for potential points of completion of the position when everything settles down. The fall in price should make you happy, the difficult percentage in the work does wonders at a distance.

Note

Local work. You also need to understand that bitcoin acts as a market indicator. It is not necessary to trade it, it is more important just to understand what price movement is more probable for bitcoin as a consequence—a projection on the market. You can trade other trading instruments to make money.

Breakdown of the local support level 42651.52, which may be a local reversal zone.
The symmetrical triangle itself, its retest and this local breakdown form a channel.
Note - the support/resistance zones of the outer channel (squeeze, lows and highs) and the inner channel (major liquidity zones) are shown. The arrows show the main local zones, which determine which local trend will develop in the near future.

I also showed a clear fractal structure that follows the time local cycles of BTC (the rest of the market in the trace as a projection).

Take your time to buy alts (choose interesting ones to watch). Or enter for a symbolic amount, taking into account further risks. As long as the "fear" phase "builds up" at the expense of liquidity, they can be sold lower. On most altcoins, especially "faith alts", due to the aforementioned liquidity and the concentration of a large % of coins in "one hands" (scam makers) support/resistance levels have a conditional nature. Keep this in mind.

Note

Further local trading situation now. With a high probability on alts now will beat out stops.

Also, it should be understood that until the local downtrend (red) for bitcoin has not broken through, and the price has not consolidated above it, no significant market growth can be talked about.

Also on BTC, we almost reached the former liquidity zone of this channel (sideways), but have not yet reached the stop out zone (squeezes), after reaching which the reversal of these local trends began 2 times in a row.

Pay attention also to the rising dominance of the USDT, when this trend will begin to fall - the growth of the market.

Do not miss entry points (this applies primarily to interesting alts), or work in parts, follow the risk management in the work.

Note

Local work in this sidebar. Achievement of a squeeze level of 38666 and a reversal from it (internal channel of the main liquidity). The price has broken through the resistance of the secondary trend (red). There is no significant volume yet.

Also pay attention to the USDT capitalization (projection of all stablecoins), how the price rebounded from resistance 4.6 without breaking it at the moment, and bitcoin and some alts slightly "green" (money overflow).

Note

After the squeeze reaches the level of 42651.52 a pullback back to the lower part (main liquidity zone) of the channel and to the crossing of the level 38666. The retest of this zone. The FUD news (negative for the local price direction) that the European Union may prohibit BTC trading is spreading now.

Note

BTC/USDT 28 04 2022

Local work.

Further flat in the reversal zone ("zone of doubt"). I slightly corrected the local trendline (red). Nothing has changed. The whole market at the moment follows bitcoin, which in the same turn follows the stock market FIRSTLY the locomotive of the world, i.e. the USA.

It is worth emphasizing that some alts are actively recruiting positions. As a rule, these are pamp groups, they do not care where the market goes. As a rule, they are low or mid-range groups that do not care where the market goes. As a rule, they are low- or medium-liquid alts of group 3, not TOP. This action is evidenced by upside squeezes with a squeeze (spot). Repetition from time to time of action and substantial volume. There's no hiding it. Seeing something like this on the chart - monitor the buy/sell history, everything is visible. Redemption, spam selling and forcing the "buy window" with sell orders.

Bitcoin is being vacuumed out of exchanges like a vacuum cleaner, just like the last couple of months. As evidenced by the replenishment of not only large wallets (signal wallets, for all to see), but also large market participants (fractional time averages). But, this does not mean that it is not possible to make a nice descending flag on TA (this channel as its canvas). Or just an imitation of its implementation, that is to collect stops for a large percentage by making a squeeze. It is very logical, everyone will see it, psycho fuel for the direction of the movement may be a lot, steam will come down... Capitulation.

Who is very careful with his deposit and there is a conservative trader (I am sure the people over 40) wait for the decoupling in this key area of the trend direction (the whole market). No matter where the market will go up/down (but I think many people know), you can always enter any liquid trading instrument on a pullback, when it will already be clear to everyone (will be used as "fuel") where the trend is going.

Important dates (time zones) in which there can be relatively active market movements (not necessarily) showed on the chart. Also, some dates, so that there was no overlap on the chart (small time range chart) removed the date display, but the lines are.

From this reversal zone on BTC/USD:

1) Positive decoupling scenario.
Breakdown of the local downtrend upwards and fixation - implementation to start local channel width targets, i.e. fractal repeatability as before. Two local target zones are shown. Move stops to protect profits in the long. Fixing the price above the channel resistance - implementation of the formation similar to a cup. The market is all up. Background FUD: "Buy soon", "Beethoven is about to mullion" .....

For some alts where the position is obviously gaining (it is noticeable), you should have been paying attention long ago and thinking about a partial entry (as an option with a stop (there is a chance to beat it out, which is logical), or martingale, but not for a ridiculous %). Do not play with the margin at such moments of "doubt". A big shoulder stick up/down will be very painful...

2) Negative scenario.
Breaking through the specified channel support area. Gathering of stops. The price fixation below this support zone is an impulse for the implementation of the descending flag. That is, this channel acts as a flag band. The market is all down. Background FUD: "Shev all gone", "Beethoven at 1011". Similarly showed 2 local targets. Move stops and protect profits into shorts. In the spot you can work martingale from key support levels and do not be greedy.

If you see that the price is so high that it is scary - pay attention to alts with low liquidity, but not outright scams. Or the pairs of even liquid alts, but not popular pairs that can be used for "price direction" (fear) on liquid pairs (and put a grid of buy orders for a large % - on squeezes, you can earn a “quick profit” at such moments. But, be sure not to margin and don't get greedy.

#BTC #Cryptocurrencies #FundMarket #USA #44 #Russia

Note

May 9 (911) momentum down. The implementation of the goals of the descending flag (target 1 31 666 achieved) is below. An important support and indicated target is 28,888. If you are short, be sure to move your stop, but not too close to the trading price, so that it doesn’t get knocked out ahead of time.

If you are watching and looking for an entry point, do not buy on impulses (only on low-liquid alts during the slippage of the grid of buy orders very low), but on price alignment after them. When there is sufficient buyer volume and the existing downtrend changes. Don't cheat with entry points. If you enter, then in parts or in advance limiting potential losses with a stop or the trading strategy itself.

Note

the price has reached the level zone 28888 -21% since the breakdown. This is a very important support area for bitcoin. Three times starting from January 21 (during 1.5 years) there was a reversal of the secondary trend from it. Pay attention to the amount of "surrender".

There are squeezes on many alts due to low liquidity. Scam of a highly liquid stablecoin. Satoshi scam lawsuits against the liquid American exchanges Coenbanes and Kraken. Many coincidences at the same time for squeezing money and generating fear.

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Price is in a narrow corridor of squeeze. Support zone is 28K. As you can see the volume is going down after the plunge. Today 16 05.

Note

BTC/USD Main trend (small part). Channel. Pivot area.

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BTC/USDT Local trend. Pivot zones.

SpartaBTC

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