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Uptrendchannel

Is this channel still valid? BTCAccording to last idea I published yesterday --> we're talking about "uptrend channel" . now price is lower than the bottom of channel, now what? can this still be an uptrend channel? Well the answer is : " it can be one, only if today's daily candle closes above the 40,600 USD which is also 0.786 in Fibonacci Retracement! (did you see that?) so we can expect some support around price level " I hope you enjoy this idea Be safe and use SL Everywhere :D
INDEX:BTCUSD
by BlackBead
2
BTC will breakout the $44,500 resistance this time!As you can see, Bitcoin is moving in a strong uptrend channel in the 4H time frame since 14 March, So this time I expect to see a breakout of $44,500 resistance. Bitcoin's bulls are so strong at the moment BUT before any breakout of mentioned resistance, A correction will happen. This correction can last up to $43,000 area, After that, and when the price was located at the bottom of the channel, I expect to see a breakout of short-term descending trendline and after that, a breakout of $44,500 resistance. Feel free to write your comments here, I'll answer all of them.
Long
by TahaZargar
DXY 99.01 - 0.63% SHORT IDEA * PRICE ACTION & REVERSAL PTTNS HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE SOME OPPORTUNITIES THIS WEEK. LOOKING AT THE DOLLAR INDEX * The index has been trading in a bullish trend that seems to be loosing momentum as we enter a reversal pattern . * completed the 3 touches to see the index respect that bullish rally looking for that bearish rally to test the base of the structure/support. * looking for reversals at current price, should we see continuation with the bulls, the plan changes. - looking for shorts on the dollar index , a break above changes the whole plan. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
TVC:DXYShort
by PULEMokhothu
BTCUSD - Impulse or ascending corrective channel. Uptrend Hello traders and investors, In today analysis we focus on the last couple of waves in BTC. Regardless if we are observing impulse of ascending correction, as far as I am concerned the trend is up. As far as this chart is labelled, as much as I would like to see the uptrend resumed after the July low, at the moment I am not too sure that we can say so. The vertical line on the chart 0.382 and 1 define the Fibonacci Time spent in "wave 4" compared to "wave 2", so if wave 4 completed in July, it means that it spent 38.2% of the time to complete wave 2. Is this possible? I doubt it, but this market is pushing for a new all-time high every day. Let's keep our fingers crossed that we are not in a gigantic running triangle(hence Wave B above the prev. all-time high). I link the long term analysis with the wave count on weekly/monthly. As usual, I can be wrong, but I don't really care because I keep them as long term investments. Hope you all make money 😊
COINBASE:BTCUSDLong
by Dry-Storm