Hi Traders !
First of All if you liked the idea just leave me a thumb up for my very first idea.
BTC and most of ALTcoins now running in symmetrical triangle that have an equal chance for breaking up or downside.
But am leaning forward to be bullish on this triangle since
- MACD indicator just flipped after yesterday DAILY candle closed
- Bullish divergence on 4h / Daily
- We didn't retest the previous support ( that now count as resistance )
- previous support aligned with the downtrend / bear market we are in
- Fractal pattern from previous same scenario
- Weekly red candle row have to be flipped ( we wont go down forever xD )
- ABC correction wave ( not on this chart )
We can have a FAKEOUT before we start going upside to the targets .
Last target most probably will be the point to flip back downside, if broken with daily candle I will keep you updated.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update regularly.
Have a nice day !
INVALIDATION for bullish scenario: candle close below the lower trend line support in the hourly time frame with a good volume or retest to that support line .
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
First of All if you liked the idea just leave me a thumb up for my very first idea.
BTC and most of ALTcoins now running in symmetrical triangle that have an equal chance for breaking up or downside.
But am leaning forward to be bullish on this triangle since
- MACD indicator just flipped after yesterday DAILY candle closed
- Bullish divergence on 4h / Daily
- We didn't retest the previous support ( that now count as resistance )
- previous support aligned with the downtrend / bear market we are in
- Fractal pattern from previous same scenario
- Weekly red candle row have to be flipped ( we wont go down forever xD )
- ABC correction wave ( not on this chart )
We can have a FAKEOUT before we start going upside to the targets .
Last target most probably will be the point to flip back downside, if broken with daily candle I will keep you updated.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update regularly.
Have a nice day !
INVALIDATION for bullish scenario: candle close below the lower trend line support in the hourly time frame with a good volume or retest to that support line .
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
Trade active
Breaking 29450.38 will open a short trade for meNote
Note
S.L: 29900Note
Note
1st target : 28800Note
Note
Successful retest
Note
Target 1 ✅Full targets tomorrow
Note
Rebought my assets again till we can know where btc is goingTrade closed manually
Follow for more frequent updates about crypto on Telegram,
available in both AR and EN.Don’t hesitate to ask questions in the comments!
available in both AR and EN.Don’t hesitate to ask questions in the comments!
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.
Follow for more frequent updates about crypto on Telegram,
available in both AR and EN.Don’t hesitate to ask questions in the comments!
available in both AR and EN.Don’t hesitate to ask questions in the comments!
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.