Btcbusdt
BTCUSDT is ready for a scary dipHello traders!
BTC is ready for a scary dip but this move will work like a slingshot because BTC is aiming for a trendline that is at the top. Not only that it will break it towards the upside and we will see the bullish spike.
Every trendline is formed to be broken but the only condition is that the angle of the trendline should not be steep.
The trendline above is valid and BTC will touch that trendline after breaking the trendline from the Bottom, I am leaving an example below to see how it will move.
This whole formation is a pullback pattern that is formed below the important zone. I was expecting this pattern for a week because these types of patterns form after breaking an important zone.
XRP Example
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BTC/USDT 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USD analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello friends
BTC 1 Day Update BTC trend line is moving up and falling wedge pattern create
BTC trade line is trading and the same is visible in the RSI
BTC 1 day update. We were watching that moment. In RSI also we can see that the trend line is moving up and once it crosses above the trend and the market dumps and then the market falls down but once again market can bounce in btc or if This is going to be bullish so BTC could jump from here.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
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thank you.
Father of all strategiesHello traders!
This is a detailed and most importantly a correct analysis of the previous pump and dump.
There is always a reason behind everything and there is also a reason behind this whole formation. There is a complete cycle that forms before this formation and this formation is a reaction of that cycle.
Let's talk about this formation
After a deep search, I have figured out that the market never leaves any Support/Resistance untested and if it happens then we will see this type of formation and when the formation is completed we will see the market will move back to that untested Support/Resistance.
(Tip 1: You can trade every breakout but on the opposite side of breakout because the market always show retracement after the breakout)
At the start of this Formation the time the first pattern we see is a 'J' pattern.
Now, what is the J pattern?
'J' pattern is itself a reversal pattern only if it is formed above the support area but in this case, 'J' pattern is not connected with the support area so it kept pushing up.
The Next pattern after J is a correction/consolidation pattern and in total, we will see 3 consolidation/correction patterns in this formation.
(Tip 2: After every breakout there is a reaction pattern and 5 out of six times market moves back after a breakout so follow tip#1)
After the 'J' pattern the second pattern is an Expanding triangle and if you are aware of this pattern then I must tell you that you were always taught wrong because you must be taught that trade towards the direction of the breakout and it's a wrong way. As I told you 5 out 6 times market moves back after breakout and you can see the charts yourself. So trying your luck on 5 out of 6 probability is better than trying your luck on 1 out of 6 probability.
(Tip # 3 is don't be fooled and follow tip # 1 and always use stop-loss to save yourself from unwanted loss and save your account for new trades)
The third and final pattern is a correction breakout without any reaction pattern and this is a pattern that pushed the Bitcoin back to the pavilion.
Happy new year guys and I hope you will make millions in the year 2022.
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BTC loading up for 70k!Here's a quick Look at BTC 2 hr chart . As we can see, the price has been forming a falling wedge and we could see a break to the upside soon! If the price breaks above the falling wedge , the target is all the way at 70k! Keep an eye on this falling wedge!
The best entry would be, when the price breaks above the falling wedge with good amount of volume .
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The idea is: Buy the breakout from the falling wedge and take profits at the levels shown in the chart.
Targets:
1. 63.5k
2. 67k
3. 70k
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!