$PTPI SYMMETRICAL TRIANGLE$PTPI: SI 25% |BC 150%
SYMMETRICAL TRIANGLE
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Targetsbtc
Friends, why did I open a long position now? BTC/USDT Analysis Dear friends, why did I open a long position now?
We are near the important level 31500 - the contraction of the volume to the upper border of the triangle.
The Bollinger indicator indicates a buy.
Also, daily goals for my bot are the boundaries: 27500-28800
And the top is 33500 -34800
I may be wrong, but I expect to see the price at the top.
But do not forget that the price in such a triangle in a bear market goes down.
So far, I'm starting from what the market draws.
There is also important support at the level of 30850 - 31150.
Yes, there is one more vormation - this can be assessed as a rising wedge, which is broken down by the price.
But - I have already opened a long position, let's see how I analyzed the situation .... honestly, it is a little confusing now. Yesterday's absorption candles simply surprised everyone, including me, although there was no loss. (this pleases me - I hope today we will see a good profit)
If there are any changes in the market, I will write to you immediately in the comments on this trading idea.
Big players are gaining long positions - this can be seen from the reports of all birjs.
Therefore, I also decided to trade in this direction.
Many may disagree with me - perhaps you are right, but this is my decision, my position. (observe all aspects of profitable trading - and you will be fine)
Good mood, everyone, and profitable trades.
#ETH/USD 1D Clear Fib level TargetsHello everyone.
A ton of Thanks for all the support.
Please like this post before you start reading this. It motivates me to work on more charts everyday for you all.
Coming back to the chart:
ETH in this daily chart looks prime.
200 MA acting as a strong resistance at the moment. We need to break this resistance.
RSI seems overbought in daily. I’ve plotted the saturated points in RSI where we saw the pull backs.
A healthy retracement could be a good sign for better growth.
However we have already broken out of the resistance trend line and retested multiple times.
$160 being a major support after consolidation It’s likely that the fib level targets that has been highlighted with green
Can be achieved easily.
Currently price is hovering around the .786 fib level resistance.
I am net ling on ETH for mid term. BTC price seems to be touching the 10k level soon after pull backs which will easily drive the ETH price to the said targets.
Again, please leave a like, it costs you nothing but motivates me.
#Peace
BITCOIN retracement, support areas and potential reversal zoneThose are the resistance areas formed by Fibonacci retracement, psychological prices, pivot points on large TF's and ichimoku lines.
While bearish on the short term, there is a bullish on the long term bias, expecting a future break to higher (out of chart) prices after going to 9,200$ (the lower part of the triangle.
8,500$ would invalidate the hypothesis and consolidate a bearish trend on the long term.
This count seems solid-now down for Wave c of 2?Then up for 3 down for & up for 5
targets marked -green boxes
Wave c/2 could still drop to the .618 fib as noted in previous chart but Beetcoin hasn't been listening to me so something to still consider
but it looks like it wants to test that upper triangle TL on Wave 3 which happens to be at the 1:1 fib ext
