Triggerpriceaction
BTC analysisI expect the price to reach the blue range, and after reaching those two scenarios, it is possible
1. It defeats the blue surface without correction, in which case it can be entered in the pullback to reach the top target.
2. Or it starts to drop a lot after reaching the blue level to reach the lower targets
❌❌ Warning : This is not a signal to trade and you are responsible for using this analysis ‼️‼️
BTC Monthly supply zone#BTC is on it's way to the monthly supply zone, Daily trigger line shows the perfect downtrend but as said so, since it's engaged w/ monthly supply zone, it needs to be checked in lower timeframes to see whether the trend continues or not.
The probability of trend continuation will give us prices as 40000$ and lower.
On the other hand, if the trend can't stand it's side the targets will return back to 55000$ and more.
Must stay tuned and Watch!
The analysis is dedicated to mr. Saeed Khakestar for his precious efforts in Trigger Price Action, you are all beloved the Godfather Trex!
Revised target price on NQ of 12900A good trader needs to be flexible and my previous target of 12700 is now a secondary target. New primary target is 12700. This is only in a case of a sell-off. I try not to predict directions, only set up triggers and this is true for this idea too. I have a long and a short trigger.
Short trigger:
- break below 13340 support line. Enter either on breakdown or retest of what would then be resistance.
- 1st target is around 12900 as this was a recently formed pivot point.
- 2nd target is still 12700, but see how price is acting if there is a sell off to 12900.
- light blue (fast Hull) line dip temporary below purple down trendline. This can sometimes be a sign of things to come. In other words this quick dip below the trendline can be cautiously used as a leading indicator of a drop coming.
Long trigger:
- break out above 13426. Enter either on breakout or retest of what would then be support.
- target is green up arrow to most recently major high pivot.
Between the black lines (where price is now) is no trade zone. Do not take a position in my black zone according this idea plan.
Wait for current 4 hour candle close. It will likely show a long or short position at close.
Use good risk management.
Also though I don't use fibs much it is interesting how good the important fibs line up with my support resistance lines and how they are respected in the past too.
Let's see how it goes and hope you all safe trading!
Remember if you like this I always enjoy a thumbs up. It makes me happy and feels good! Please also leave comments because I am happy to hear opinions.
Ms Bunny