BTC/USDT - heads and shoulders - what to expect? BITCOIN
Hello dear friends.
New near-term goals for bitcoin for the day (this data is sent to me by my bot assistant.
Within 1-3 days. The price will be adjusted, as well as one of these boundaries will be broken.
Upper limit: 50555 - 51050
Lower limit: 43650 - 44550
BTC / USDT coin under consideration
Where I want to start is that I'm wrong, and a few days ago, we had 3 negative positions where we lost a little money. But the loss was returned, earned, and for the given moment we are in a good plus.
So I write right away - this is not financial advice, this is not a recommendation, and I am also mistaken, therefore, you should not take everything as if I forced you.
For this coin, the work takes place in a channel, a very large channel of accumulation / distribution of positions between a large player and simple traders.
The chart shows that the price was lowered to the middle of the channel, and the area was tested from the bottom up.
This suggests that the buyer will defend this zone in order to bring the price back to the 49000-50000 level.
Also, according to the FIBO grid, the price reached just the 0.618 level - where this level is corrective.
But I implore you to be extremely careful now, since the fact that the price is consolidating in a descending, widening wedge - the price may drop even lower.
All you have to do is slide past the 48250-48580 level now. It is the turning point.
If the price is fixed there at 2h TF, you can try to look for a place for a long.
To work out the pattern - HEAD AND SHOULDERS (secondary)
Another note is that at 30m TF - the price is consolidating in an expanding wedge, with a tightening to 46300-46600. If this zone is broken and the price reaches the level of 46000 You can look for a place for short positions.
The volume in the market will weaken, liquidity in the market suggests that something very strong and inevitable will happen soon ...
12CH TF - forms a global inverted head and shoulders pattern
But I have a premonition that we will fall very strongly, having collected liquidity, making a correction by 40-50% from the top, and then it will be possible to look for a place for long positions.
Globally - for me it is a short, if within a day, then lower the price to the level of 46000 and below, and even test the 45000 zone.
Since it is the 45000 zone that is the trend reversal now and the price hike down to 43500-43850
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.
New near-term goals for bitcoin for the day (this data is sent to me by my bot assistant.
Within 1-3 days. The price will be adjusted, as well as one of these boundaries will be broken.
Upper limit: 50555 - 51050
Lower limit: 43650 - 44550
BTC / USDT coin under consideration
Where I want to start is that I'm wrong, and a few days ago, we had 3 negative positions where we lost a little money. But the loss was returned, earned, and for the given moment we are in a good plus.
So I write right away - this is not financial advice, this is not a recommendation, and I am also mistaken, therefore, you should not take everything as if I forced you.
For this coin, the work takes place in a channel, a very large channel of accumulation / distribution of positions between a large player and simple traders.
The chart shows that the price was lowered to the middle of the channel, and the area was tested from the bottom up.
This suggests that the buyer will defend this zone in order to bring the price back to the 49000-50000 level.
Also, according to the FIBO grid, the price reached just the 0.618 level - where this level is corrective.
But I implore you to be extremely careful now, since the fact that the price is consolidating in a descending, widening wedge - the price may drop even lower.
All you have to do is slide past the 48250-48580 level now. It is the turning point.
If the price is fixed there at 2h TF, you can try to look for a place for a long.
To work out the pattern - HEAD AND SHOULDERS (secondary)
Another note is that at 30m TF - the price is consolidating in an expanding wedge, with a tightening to 46300-46600. If this zone is broken and the price reaches the level of 46000 You can look for a place for short positions.
The volume in the market will weaken, liquidity in the market suggests that something very strong and inevitable will happen soon ...
12CH TF - forms a global inverted head and shoulders pattern
But I have a premonition that we will fall very strongly, having collected liquidity, making a correction by 40-50% from the top, and then it will be possible to look for a place for long positions.
Globally - for me it is a short, if within a day, then lower the price to the level of 46000 and below, and even test the 45000 zone.
Since it is the 45000 zone that is the trend reversal now and the price hike down to 43500-43850
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.
