BTCUSDIn the last idea we saw with you a lot of signals for correction. Also considered the shape of the expanding triangle, but for some reason purpose it fulfilled was not, but only left a pathetic snot. Those who put the stop to breakeven remained unscathed. As is often the case, a failed pattern can grow into a larger figure. And we see on the chart there was a fairly rare model diamond. Also considered a reversal model. Since then, we have drawn a correction three, so the way down we think is open
Note
It's also a correction triple
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I offered you a short, but in some cases, the diamond breaks up, in which case it is reasonable to enter long. There we will meet with the area of interests of sellers, where we should be fixed in this case!
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SHORT
Trade active
BreakoutNote
support from the 8800 does not pass, the strong levelNote
those who didn't trade can also trade this pennant or possible flag
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broken
Trade closed: target reached
Use the strategy of step-by-step profit taking, the rest of the break even. We can assume that TP 1 is doneNote
1 target gave 3% profit. And 2 target can give us another 3% profitNote
I Think, this is a Flag
Note
the Flag is broken
Trade closed: target reached
Good night friends, the minimum target for correction is made, those who recorded there, received 4% profit. The breakthrough of the downward channel will tell us that the correction is over. I do not exclude that the price may fall a little more, in the area of about 8400, you see it for purchase in long
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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.