If the red line breaks it goes down, but if the green line breaks, then we go up. Simple to manage with conditional orders under and above these prices.
If we stay above the pink line we succesfully confirm the breakout was real. Then we are looking for some higher targets. Good luck!
Red dotted trendline is up and that is currently the bigger trend. We also have a downwards trend in dotted white, which can break out to the upside at any moment. Currently I'm expecting a consolidation sideways (Or maybe little bit down around the 8000 level) Good luck!
We created a small triangle and the breakout should take place at around newyear.
Which one is gonna win? Of course the uptrend has shown massive strength every time in the long run. But we may see some downwards movements here to follow the downtrend and then break out to the upside. Let me know what you guys think.
Here are the trendlines and support/resistance levels I think are the most important to watch for Bitcoin at a larger timeframe. We formed a triangle (Orange lines) that will break between now and June 2021.
I'm looking for a break of this triangle in one of the two directions in the short term. Feel free to comment and like! Love, Crypt0Maniak :)
My current trade setup on BTC/USD. BTC is forming a bull flag. I'm currently watching the 2 support lines to go long. Please let me know in the comments what you think. I will appreciate it :)
Buy in the green boxes and short in the red box. Comment in the section below.
I'm calling a long right here, because it looks like it broke out of the channel to the upside. Stop-loss at: 0.0192
Short-term upside if it breaks above the channel
I do load up myself with enough Cardano for the upside :)
If it breaks $11849 I am long-scalping till somewhere like $12800 (shortterm) If it breaks out of this purple triangle to the downside, I will be short till $9948 at least (If this happens we could also see a little more accumulation happening between/below $9948 and $9600
When ETC bounces of this support i will confirm a triple bottom inside the triangle.
Ethereum Classic follows the parabola quite nicely. I'm in :)
Here I go some of the most important trend channels and support/resistance lines.
Ethereum Classic has got some potential upside from here.