BANDBTC trade ideas
Will band break out of the falling wedge or retest first?With the breakout towards upper levels of bitcoin dominance, we could expect altcoins to outperform bitcoin until bitcoin reaches all time high levels. In this connection, band seems likely to break out to the upside of the falling wedge. the MACD on the weekly shows a golden cross but it seems weak to me. Let me know what you think.
BandBtc Correction in progressSpotted potential falling wedge, price breakdown Bearish pennant within the pattern setup. This coin required lot of patience, either we wait to buy the wedge breakup or wait for price to break immediate support to Long from the major demand zone.
Make sure to follow the suggested BUY zone on the chart with stop loss advised and leave us your comments about the our market view.
Thank you.
Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio. Wish everyone success.
BANDBTC is testing the 4h resistance 🦐BANDBTC is testing the 4h resistance inside the ascending channel on the weekly support. IF the price will have a breakout, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.