SpartaBTC

ETH / BTC Pivot Points. Ascending Triangle - Head and Shoulders

BINANCE:ETHBTC   Ethereum / Bitcoin
ETH / BTC trading idea for a better understanding of the work from a situation with maximum profit and minimum risk. I don’t know how else you can show and chew everything in detail ... I showed the areas for observation and the pivot point on the chart.

ETH / BTC An upward triangle ( bullish ) is forming. The potential for the full development of the goals of the figure + 34%.

Entrance on a breakout or rollback after breaking a triangle.

First target + 12% This is the resistance that used to be strong support for the horizontal channel.
The second target + 34% This is just a complete working out of the figure.

Pay attention to the red downtrend - this is a downtrend trend. The price is now near her. Breakthrough and consolidation above it will mean a trend reversal.
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Another scenario.

If now the triangle support is breaking through from the observation zone, then the “Head and shoulders” figure may potentially form. Testing it will take effect when the neck line breaks through. The potential for working short is to a minimum price, and this is from the Neck line of 14%.

The entrance to the short is not when the support of the triangle breaks through, but when the Neck lines of the potential Head and Shoulders figure breaks through. Profit 14%.

I trade ETH from time to time for almost 2 years.

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