Bitcoin / TetherUSUpdated Bitcoin Falling wedge or Triangle ?
Hello everyone , Happy new year
Now as you can see bitcoin on falling wedge inside a big triangle or H&S it doesn't matter it is the same target 5200$
look to the right you see the bitcoin did the same movement on falling wedge it just a simple prediction maybe we can see another scenario on the left we can break the up-trend and next support for us is 3550$ already tested 1 time before so we have a big chance to test this time 3380$
What should i do ?
The summary is set your STOP-LOSS under the up-trend ( 3610 - 3630 ) And if Bitcoin dropped you can re-buy on 3380$
In case BTC Pumped your target is ( 3950 - 4100 ) Until we break-out the triangle i'll update again
Good luck
Don't forget to press Like if you see this analysis helpful
Now as you can see bitcoin on falling wedge inside a big triangle or H&S it doesn't matter it is the same target 5200$
look to the right you see the bitcoin did the same movement on falling wedge it just a simple prediction maybe we can see another scenario on the left we can break the up-trend and next support for us is 3550$ already tested 1 time before so we have a big chance to test this time 3380$
What should i do ?
The summary is set your STOP-LOSS under the up-trend ( 3610 - 3630 ) And if Bitcoin dropped you can re-buy on 3380$
In case BTC Pumped your target is ( 3950 - 4100 ) Until we break-out the triangle i'll update again
Good luck
Don't forget to press Like if you see this analysis helpful
Note
We have another up-trend that's why my stop-loss 3610 because we have also a support line on the previous analysis * Gann star * Note
Happy profits ,,, I like the simple predictions Targets now: 3890 - 3950 - 4100
Note
New update for targets , Til now the signals is bullish but we need more volumeTargets: 3850 - 3900 - 3980 - 4070
Keep your eyes on these resistance 3980 & 4070 is strong resistances we need a strong Bull to break them and reach our main target 5200$
I'll update again
Note
We should stay above this up-trend Set your stop-loss under down-trend ( 3650 - 3680 )
Note
Happy profits again i told you not to sell now ,,, just set ur stop-lossThis chart is for BitMEX this time i see it more decent take it into consideration that BTC touched the down-trend of the triangle and volume is not strong that's why i dont trust the last candle
Note
Actually bitcoin pumped again now we touched the upper trend of triangle on the left All targets done , But you have 2 options for now about the selling
1- sell now and wait for the break-out and re-buy again
2- set your stop-loss under 3950$ * Binance * to take profit
Note
New analysis for bitcoin check it now :
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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.