BTC/USD Symmetrical triangle. Maybe a pennant’s canvas.

21 déc. 2019

Work on a pair of BTC / USD until the New Year. 4 hours.
A symmetrical triangle has formed. The figure of uncertainty. Up / down - 50/50%.
Price in the very corner of the formation. We are waiting for the denouement.

The area for observation from which further movement is decided was shown on the chart.
Local support / resistance levels on the chart.

It is also worth noting that this symmetrical triangle, in cases of its breaking up, can act as a pennant web and continue the upward trend.

Target long and short after confirming the movement are all on the chart. Do not enter the deal ahead of time.

Stop loss
Under key support levels during your entry into the market.

22 déc. 2019

Trade fermée: cible de profit atteinte

Symmetrical triangle is broken up. The first goal is taken + 4.5%

23 déc. 2019

Trade fermée: cible de profit atteinte

+7%

8 janv. 2020

Trade fermée: cible de profit atteinte

BTC / USD + 13% + 18% All local goals have been achieved.
Price has broken the downtrend line in volume. Let's see or there will be a fixation.
Rumors of a “war” do wonders.

19 janv. 2020

Note

BTC has broken the resistance of the downtrend channel (downtrend secondary trend). Thus, the price broke the trend line of phase 3 of the bearish measured move. The first time this failed, there was a false breakdown (green zone). Now the price has not just broken through, but is being traded for about 2 weeks above it.

A cup shape was also formed with a mining potential of about + 38%. This is provided that the price breaks the zone in the region of $ 9300 (yellow level). If this fails the first time, then the price will most likely fall to re-test the channel downtrend line, which will act as a support. Most likely, support will be confirmed. This confirms the new trend. The first goal is to move the price to the zone of $ 9300 (+ 25%) And then it will be clear how the price will react to this resistance.