Bitcoin - Symmetrical triangle between strong Levels. BTC/USDT
If you liked the review, write your opinion in the comments.
And also other reviews on my channel. Link in the description.
Hello dear traders, friends
At the moment we are considering Bitcoin positions.
From my last price analyzes, practically nothing has changed. I'm still looking forward to a good fall. And I'll explain to you why now.
At first:
The price is sandwiched between two strong support and resistance levels:
- Green (support): mark 48000-48850
and red blocks (resistance): 50550 - 51450
I want you to understand, I can also be wrong. At this time, I am telling you many factors that indicate a fall further.
Also, THERE IS ANOTHER fact - this is the margin grid.
25% - LEVEL 50835
50% - LEVEL 49320
100% - LEVEL 47550
150% - LEVEL 45300
200% - LEVEL 43500
My indicator indicates that the price movement of the bitcoin price is diminishing and there will soon be momentum. In which direction the levels will point you after they are broken.
Maybe I'm wrong, but now I see such a picture as: Downward impulse - downward correction - continuation of the downward impulse (IN 85% OF CASES - the second impulse is much stronger than the previous one)
Why do I expect a fall further, because we had an exit for the previous ATH without a return (there is no retest of the given zone price)
At the level of 41600-42500 - a large liquidity zone (I'll write again - in 85% of cases, the price returns to its original position)
A symmetrical triangle is also formed (for many traders this pattern is a zone of detachment - because they break both up and down (depending on the direction of the trend)
The fact that the price has been corrected by 20% is just a small part of the required percentage for a normal market.
It is the 41500-42500 zone that is the 30% fall zone.
Another fact is that the capitalization of Altcoins at the moment has reached certain levels - and made a rebound by 30%
The second blocks for places of purchase I (indicated in my channel)
Fibo grid - yes, at the moment the price has been corrected. And the level 0.236 is a resistance zone.
The zone of normal, healthy correction - 0.615 - just at the levels 41500-42500
Maybe I'm wrong, but I'm still waiting for the fall further.
Everything can change in the event that the price makes a true breakout of the level 51500-52500 - and can stay there. Then all this analysis and analysis can be thrown into the trash, as there will be a more global analysis. And I was wrong in my analysis.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
❗️❗️❗️Disclamer:❗️❗️❗️
Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
- I do not recommend that you trade without a STOP LOSS.
- And I'm not responsible for your "make millions of dollars fast" gag
- I am only showing you the charts that suit me for certain positions.
- For each position - RESPONSIBILITY LIES ON YOU.
If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
And also other reviews on my channel. Link in the description.
Hello dear traders, friends
At the moment we are considering Bitcoin positions.
From my last price analyzes, practically nothing has changed. I'm still looking forward to a good fall. And I'll explain to you why now.
At first:
The price is sandwiched between two strong support and resistance levels:
- Green (support): mark 48000-48850
and red blocks (resistance): 50550 - 51450
I want you to understand, I can also be wrong. At this time, I am telling you many factors that indicate a fall further.
Also, THERE IS ANOTHER fact - this is the margin grid.
25% - LEVEL 50835
50% - LEVEL 49320
100% - LEVEL 47550
150% - LEVEL 45300
200% - LEVEL 43500
My indicator indicates that the price movement of the bitcoin price is diminishing and there will soon be momentum. In which direction the levels will point you after they are broken.
Maybe I'm wrong, but now I see such a picture as: Downward impulse - downward correction - continuation of the downward impulse (IN 85% OF CASES - the second impulse is much stronger than the previous one)
Why do I expect a fall further, because we had an exit for the previous ATH without a return (there is no retest of the given zone price)
At the level of 41600-42500 - a large liquidity zone (I'll write again - in 85% of cases, the price returns to its original position)
A symmetrical triangle is also formed (for many traders this pattern is a zone of detachment - because they break both up and down (depending on the direction of the trend)
The fact that the price has been corrected by 20% is just a small part of the required percentage for a normal market.
It is the 41500-42500 zone that is the 30% fall zone.
Another fact is that the capitalization of Altcoins at the moment has reached certain levels - and made a rebound by 30%
The second blocks for places of purchase I (indicated in my channel)
Fibo grid - yes, at the moment the price has been corrected. And the level 0.236 is a resistance zone.
The zone of normal, healthy correction - 0.615 - just at the levels 41500-42500
Maybe I'm wrong, but I'm still waiting for the fall further.
Everything can change in the event that the price makes a true breakout of the level 51500-52500 - and can stay there. Then all this analysis and analysis can be thrown into the trash, as there will be a more global analysis. And I was wrong in my analysis.
This Channel is not financial advise, It's My opinion and My observation: @opptrade
❗️❗️❗️Disclamer:❗️❗️❗️
Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
- I do not recommend that you trade without a STOP LOSS.
- And I'm not responsible for your "make millions of dollars fast" gag
- I am only showing you the charts that suit me for certain positions.
- For each position - RESPONSIBILITY LIES ON YOU.
If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
Comment:
Bitcoin a correction? I think yes. Maybe I'm wrong BTC/USDT
Comment:
Bitcoin - where will the price go? Levels to solve (BTC/USDT)
Related Ideas
