BTC (Y20.P1.E13).Bullish Ascending Patterns.ABCDE
Updated
Hi All,
Just an observation.
If you pay close attention to the recent patterns, they are all some sort of ascending triangle patterns.
> They are in an upward wedge pattern and also in a channel.
> I have macro upward bound wedge divided into 2 channels, if it breaks the upper channel then it will likely be supported here, on the bottom trend line, like the others.
> The 1 HRLY chart (below) demonstrates how the MA are in sync with this range support base as well.
Question is, will it repeat once more to hit the 9.4K (to 9550) target?
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
1 HRLY chart, in the picture we have 20, 50, 100 and 200 EMA
Just an observation.
If you pay close attention to the recent patterns, they are all some sort of ascending triangle patterns.
> They are in an upward wedge pattern and also in a channel.
> I have macro upward bound wedge divided into 2 channels, if it breaks the upper channel then it will likely be supported here, on the bottom trend line, like the others.
> The 1 HRLY chart (below) demonstrates how the MA are in sync with this range support base as well.
Question is, will it repeat once more to hit the 9.4K (to 9550) target?
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
1 HRLY chart, in the picture we have 20, 50, 100 and 200 EMA
Comment
My chart has the fib. channel and one can see how these lines come into play.I use these to find confluence with the price target of 9400
Trade closed: stop reached
Hence go with the likely hood and place stop limits correctlyI thought the weekly 200 MA and the big bearish div. on the 4 hrly made it unlikely to hit 9400 but one never knows. I had 2 scenarios that were most likely to happen but not a drop like this
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.