Breackout
19/01/2021 Next movement of BTC Part 2the market still doesn’t know where to go… Long? Short?
the symmetrical triangle keeps getting narrower.
Let's see what happens when the price is forced to hit the resistance of 31’2k€ or the value goes beyond the last minimum of the symmetric triangle
Be ready…
**this is the continuation of my previous post**
19/01/2021 Next movement of BTCHello everybody,
It is a pleasure to be part of this community. I want to contribute my analysis.
It seems that we are in a moment of uncertainty, the market has not just positioned itself on whether the value is going to increase or depreciate, also we can see it in the EMA. That is why we find a timid uptrend.
Yesterday we could see how the support at € 29.5k stoically withstood the strong pressure of the bear market, this has given rise to the confidence of the bulls and to the creation of a symmetrical triangle.
The interesting thing comes with this symmetrical triangle that could be the prelude to the final decision of where the value of BTC is going to go. If in a big correction in value or hitting the all-time high like ETH just did today.
Everything will depend on where the value breaks if up or down.
Depending on how your (reader) finds you, you should be attentive to the following events in order to take advantage of the next move.
Thanks for your time,
Montyshaa.
SBE this is gonna be interesting.
RSI suggests that it SHOULD go down, BUT I do think this thing is gonna break up.
it is because RSI is showing a divergence, a thing that seems to be faked in the last months.
there is also the Head and Shoulder figure, which is usually a trend reversal pattern, BUT I think this thing can be pumped up.
and I say so because most of the signal seems bearish, which is (for me) a "short" trap.
if you want to win against shorter, you have to pump the stock, so the shorter will buy in as long. then you dump it.
again, I JUST THINK this will go up, not sure 100%, but I would bet on it a bit.
I am actually gonna try to buy this thing when it will crash to the lower support if it will, at the end of the H&S.
($40?)
LONG - YOYO - Trading OpportunityDescending channel breakout and retes, price is getting ready for mayor rally.
Entry: 0.00000134
Target 1: 0.0000146
Target 2: 0.00000159
Target 3: 0.00000175
SL: 0.00000126
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NAV approaching breakout zoneHurray! NAV is getting close to breakout zone. I am buying some below that zone with tight SL in case it won't go through. See day chart below.
Basically we have a channel between 630 and 670 that will hold the price for a while. But both targets can be reached in one go. In both cases this coin is getting interesting for trade.
GBP/USD Buy after breakout pennant resistance lineBuy after breakout pennant resistance line. Pennant figure is a continuation trend figure... during the formation of the pennant figure the volume decreases- we can confirm it on the volume indicator. During the resistance line breakout the volume will increase----> TIME TO BUY!