Bitcoin Analyze (Short Term, 15-minute Time Frame,02/18/2023)!!!
Updated
Bitcoin was bullish today, but I don't think it will continue this trend; one of the most important reasons for me is the wave structures, which I don't mention in this post.
Another reason is the possibility of forming a Bump-and-Run Reversal Top Pattern.
The Bump-and-Run Reversal Top Pattern forms when, after a gentle upward trend, a more aggressive one appears on the chart. The price pivots at the peak and then falls like an avalanche.
In this scenario, only professional skiers/traders survive and thrive with considerable portfolio gains. In the following section, I will teach you how to make money when there’s blood in the snow!
This pattern forms when the price rallies too far up. People second-guess themselves buying at such high prices while sellers sell confidently, causing a downward trend. This means you can see a clear reversal in the Bump-and-Run Reversal Top Pattern. Although this pattern is considered a single entity, it consists of three separate parts or phases:
1) Normal and steady trend, called the “Lead-in Phase.” Imagine it as walking up a mountain.
2) Market participants going crazy with greed, called the “Bump Phase.” You can imagine this one as an ascent to the mountain’s peak.
3) The price falling and causing bloodshed of candles, called the “Run Phase.” At last, you ski down the snow, collecting profits on your way.
Bitcoin seems to have passed the peak of the Bump-and-Run Reversal Top Pattern Bump and is completing this phase.
After breaking the support trend line, the Run phase is expected to start.
Also, we can see the Regular Divergence(RD-) between Lead-in Phase and Bump Phase.
❗️Note❗️: After Bitcoin breaks the Bump Trend line, we can confirm the bump-and-Run Reversal Top Pattern.
❗️Note❗️: if Bitcoin goes up over $25300, Bump-and-Run Reversal Top Pattern will fail, and Bitcoin can go up more.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Another reason is the possibility of forming a Bump-and-Run Reversal Top Pattern.
The Bump-and-Run Reversal Top Pattern forms when, after a gentle upward trend, a more aggressive one appears on the chart. The price pivots at the peak and then falls like an avalanche.
In this scenario, only professional skiers/traders survive and thrive with considerable portfolio gains. In the following section, I will teach you how to make money when there’s blood in the snow!
This pattern forms when the price rallies too far up. People second-guess themselves buying at such high prices while sellers sell confidently, causing a downward trend. This means you can see a clear reversal in the Bump-and-Run Reversal Top Pattern. Although this pattern is considered a single entity, it consists of three separate parts or phases:
1) Normal and steady trend, called the “Lead-in Phase.” Imagine it as walking up a mountain.
2) Market participants going crazy with greed, called the “Bump Phase.” You can imagine this one as an ascent to the mountain’s peak.
3) The price falling and causing bloodshed of candles, called the “Run Phase.” At last, you ski down the snow, collecting profits on your way.
Bitcoin seems to have passed the peak of the Bump-and-Run Reversal Top Pattern Bump and is completing this phase.
After breaking the support trend line, the Run phase is expected to start.
Also, we can see the Regular Divergence(RD-) between Lead-in Phase and Bump Phase.
❗️Note❗️: After Bitcoin breaks the Bump Trend line, we can confirm the bump-and-Run Reversal Top Pattern.
❗️Note❗️: if Bitcoin goes up over $25300, Bump-and-Run Reversal Top Pattern will fail, and Bitcoin can go up more.
Bitcoin Analyze ( BTCUSDT ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Note
Will Bitcoin break the support trend line?Note
Mostly on Saturday and Sunday, the volume is low, will Bitcoin break the support trend line?
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