DENT / BTC Falling Wedge. Double bottom. Potential 50-150%
Updated
Over the past 2.5 months on this coin, profit on the previous trading idea +40 +50 + 40%. This is the same trading idea, just updating an old trading idea with a few adjustments. I redrawn the slope of the descending wedge a little, although at the moment it does not matter. All goals and the algorithm of work remains the same ...
Last trading idea for December.
Profit. + 40 +50 + 40% (in the last movement the squeeze + 50% and + 40% the wave itself)
ENTRANCE.
Entrance after confirming the support level. The pink zone, which for a long time acts as a support.
It is also possible to enter the breakout of the resistance of the “Double Bottom” figure or rollback after the breakout if this movement is confirmed. But then the potential profit is less.
Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
TARGET
The potential of the figure "Double bottom" + 50-100% Levels on the chart.
The potential of the “Falling Wedge” figure is + 150% and higher. The levels on the chart.
Last trading idea for December.
Profit. + 40 +50 + 40% (in the last movement the squeeze + 50% and + 40% the wave itself)
ENTRANCE.
Entrance after confirming the support level. The pink zone, which for a long time acts as a support.
It is also possible to enter the breakout of the resistance of the “Double Bottom” figure or rollback after the breakout if this movement is confirmed. But then the potential profit is less.
Stop loss
Under key support levels during your entry into the market.
Do not forget to move Stop Loss during the price increase, but take into account the volatility of the coin.
TARGET
The potential of the figure "Double bottom" + 50-100% Levels on the chart.
The potential of the “Falling Wedge” figure is + 150% and higher. The levels on the chart.
Note
The latest trading idea, the entry point for the double bottom , has not been reached. Lateral movement continued.
downward wedge . The price is clamped. Soon there will be a denouement of the situation.
Trade closed: target reached
Trade closed: target reached
+ 68% + 50% + 64% (95% of the indicated red level) A symmetrical triangle (figure of uncertainty) is formed. Entry at the breakout of the triangle or from the buy zone as before.Note
Note
✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
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.