Just look at the OPBTC Chart, no words needed :) Swept the double bottom lows and is currently pushing against resistance at the USD pair, which I will show you later. Pretty sure we will see another 30-50% from current levels. Stay safe!
OP is putting in a falling wedge breakout in US dollar terms. Also appears to be trying to bottom out against the king bitcoin Could be a good punt here
◳◱ On the $OP/ CRYPTOCAP:BTC chart, the Failure Swing pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00004557 | 0.00005564 | 0.00007365 and support near 0.00002756 | 0.00001962 | 0.00000161. Entering trades at 0.00003833 could be strategic, aiming for the next resistance level. ◰◲ General...
After wave 3 peaked late December 2023, a classic retrace followed... Notice that the retrace low was hit early January and while Bitcoin moves ahead, OPBTC consolidates. Are you ready for another one? I am hoping you are having a wonderful day. The Altcoins vs Bitcoin pairs tend to correct when Bitcoin moves up, this dynamic is no longer valid; What...
Direction: Long Market: Spot Risk: 0.25% - 1% #BTC_OP Exchange: BINANCE Timeframe: 360 TP1: 0.00007695 Entry: 0.00007481 STOP: 0.00007267 Entry Conditions: | Tredbreak | CDV Trendbreak | Bullish weekly pivot
TLDR: Lots of well established TA suggests OP takes out the previous lows at 0.41. Analysis I am going to begin with the divergence primer just in case a reader is unfamilar with the divergences and what they mean. Divergence Primer Classic Divergence (Trend Reversal) Bearish: Higher highs on price action but lower highs on the indicator Bullish: Lower...
Hi dear friends, hope you are well and welcome to the new trade setup of Optimism (OP) with BTC pair. On a 2-hr time frame, OP has formed a bullish Gartley pattern: Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Just some scribbles about an idea. time factor should not be taken into consideration. rather chart patterns