huzaifa268
Why It is important not to trade before breakout....compare pattern 3 and 4.... Pattern 1.. Channel 1 broken...... btc fall from 10900 to 6000 3100 points move Pattern 2 small channel 2 broken......btc fall from 10700 to 7262.. bearish pattern.... btc was making higher highs but unable to break small top channel and ended up breakin small low channel....sign of...
Ascending peanent right above the trendline has been formed...which is a bearish sign....look at the green rectangles for support levels..for low risk trades....wait for the break of peanent and lower trendline and its retestation........ if btc found support at lower trendline then peanent might break upwards.....in that case retesting of blue line in the...
We are at high resistance zone... Breakout above green area and trendline could send btc to 12800 level....but this scenario would require unusual change in market sentiments and alot of effort from bull... buyers are looking ehausted and sustainable breakout above trendline and ema 1200 which is very high resistance would be worth focusing.....it would not be...
very basic chart...easy to understand....
Bear flag broken....closed below ascending wedge......failed attempts to close above ema 20 and 50.......
look at the trend line and moving average 50 ema.... a break and close below ema50 means we are heading down again