BTC: Ascending Triangle Invalidated
BTC seemed to form an ascending triangle that would have threatened the next leg lower if it completed, however the rising support has a confirmed break, which keeps the initial price paths that I published intact. As per the chart drawings, BTC rallies should be limited to the descending channel resistance until it reaches the fib levels that coincide with previous support/resistance, illustrated by the horizontal green lines.
Trade Plan: Add to short at channel resistance, reduce short at channel support and switch to long position inside the time window when the price is at a green support line. A break of the descending channel resistance negates this setup, but be aware of false breaks.
Also see my previous trades ideas, which are still in play: "BTC: Q4 2021 Prediction", "BTC: 2 Week Potential Price Path" and "BTC: 10 Day Potential Price Path"
Trade Plan: Add to short at channel resistance, reduce short at channel support and switch to long position inside the time window when the price is at a green support line. A break of the descending channel resistance negates this setup, but be aware of false breaks.
Also see my previous trades ideas, which are still in play: "BTC: Q4 2021 Prediction", "BTC: 2 Week Potential Price Path" and "BTC: 10 Day Potential Price Path"
Trade fermée manuellement
Closed early
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.