Let’s look on a daily and 4H timeframes guys. First of all, all of you now can see that it was fake breakout of the huge channel😏
We are now trading again inside this channel. Rising wedge worked perfectly fine which you can see on the second picture (4H timeframe). However, my limit orders weren’t successful and I couldn’t buy back🤷
As you can see bitcoin did retest of the bottom of the channel and rose to the middle. Possible key scenario now is that we can test once again bottom trendline. Thus, I’ve changed my limit orders accordingly starting from $56k and below😎
Now it’s time for accumulation so we can stay here for some more time 😏
What do you expect from bitcoin this month? Share your thoughts in the comments below 👇🏻
Just sold most part of my short term position on BTC💰
On 1-hour timeframe we can now observe rising wedge🤷
KEY TAKEAWAYS 🔸The rising wedge is a technical chart pattern used to identify possible trend reversals. 🔸The pattern appears as an upward-sloping price chart featuring two converging trendlines. 🔸It is usually accompanied by decreasing trading volume. 🔸Wedges can either form in the rising or falling direction. 🔸A rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside.
Just sold most part of my short term position on BTC💰
On 1-hour timeframe we can now observe rising wedge🤷
KEY TAKEAWAYS 🔸The rising wedge is a technical chart pattern used to identify possible trend reversals. 🔸The pattern appears as an upward-sloping price chart featuring two converging trendlines. 🔸It is usually accompanied by decreasing trading volume. 🔸Wedges can either form in the rising or falling direction. 🔸A rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside.
Elon Musk turns on the laser eye mode and saves $BTC from correction after Biden withdrew from the presidential race, which spoiled Trump’s chances of winning. It was not yet clear whether it was a political action or the announcement of his participation in a bitcoin conference in Nashville together with Donald 🕑
Based on this positive news, BTC exceeded $68k, after what it returned to the original range. At 1H timeframe, we see readiness for local correction. So we need to stay focused 😏
I have started to book short term positions on bitcoin and will continue on its way up💰
You can try to re-enter at $62k if you missed this trade. We may go to the middle of the channel before continuation of uptrend 🤷
Elon Musk turns on the laser eye mode and saves $BTC from correction after Biden withdrew from the presidential race, which spoiled Trump’s chances of winning. It was not yet clear whether it was a political action or the announcement of his participation in a bitcoin conference in Nashville together with Donald 🕑
Based on this positive news, BTC exceeded $68k, after what it returned to the original range. At 1H timeframe, we see readiness for local correction. So we need to stay focused 😏
I have started to book short term positions on bitcoin and will continue on its way up💰
You can try to re-enter at $62k if you missed this trade. We may go to the middle of the channel before continuation of uptrend 🤷
Guys I have already told you that bitcoin should pass the resistance level at around top of the channel.
However, buyers couldn’t manage to pass this levels🤷
Based on that we should expect some decrease in bitcoin price up to the levels of mid of the channel (~$63000) or even to it’s bottom levels (~$56000)📉
Correction could possibly continue to the middle of the June. Approximately at the end of the June we may expect another uptrend and another try to break the resistance at top of the channel.
What do you expect from bitcoin these days? Kindly share your thoughts in the comments below 👇🏻
Guys I have already told you that bitcoin should pass the resistance level at around top of the channel.
However, buyers couldn’t manage to pass this levels🤷
Based on that we should expect some decrease in bitcoin price up to the levels of mid of the channel (~$63000) or even to it’s bottom levels (~$56000)📉
Correction could possibly continue to the middle of the June. Approximately at the end of the June we may expect another uptrend and another try to break the resistance at top of the channel.
What do you expect from bitcoin these days? Kindly share your thoughts in the comments below 👇🏻
Guys I have already told you that bitcoin should pass the resistance level at around top of the channel.
However, buyers couldn’t manage to pass this levels🤷
Based on that we should expect some decrease in bitcoin price up to the levels of mid of the channel (~$63000) or even to it’s bottom levels (~$56000)📉
Correction could possibly continue to the middle of the June. Approximately at the end of the June we may expect another uptrend and another try to break the resistance at top of the channel.
What do you expect from bitcoin these days? Kindly share your thoughts in the comments below 👇🏻
Congratulations to all who have listened to my advice. Now it’s time to book some profit because we are sitting at resistance level and already have +12%😏
Soon the SEC decision on spot ETH ETFs 👀
23 May — VanEck 24 May — Ark Invest/21Shares 9 August — BlackRock
Maybe we will not have approvals in May, but let’s see 🤔
If we have approval in May, then we will have huge bull run on altcoins🚨
Let’s now just wait 🍿 and book what we have already earned💰
Am I the only one who can see this huge bullish pattern on $BNB ?!😏
🔸On a daily timeframe we can now observe ascending triangle that has started to form in March 2024. It took almost three months to create this pattern 😎
🔸Now as volumes drops and RSI is at around 60 we can expect breakout and continuation of uptrend 📈
🔸Please have a look at the second picture. You can find some interesting and useful chart patterns there🤓
Am I the only one who can see this huge bullish pattern on $BNB ?!😏
🔸On a daily timeframe we can now observe ascending triangle that has started to form in March 2024. It took almost three months to create this pattern 😎
🔸Now as volumes drops and RSI is at around 60 we can expect breakout and continuation of uptrend 📈
🔸Please have a look at the second picture. You can find some interesting and useful chart patterns there🤓
Congratulations to all who have listened to my advice. Now it’s time to book some profit because we are sitting at resistance level and already have +12%😏
Soon the SEC decision on spot ETH ETFs 👀
23 May — VanEck 24 May — Ark Invest/21Shares 9 August — BlackRock
Maybe we will not have approvals in May, but let’s see 🤔
If we have approval in May, then we will have huge bull run on altcoins🚨
Let’s now just wait 🍿 and book what we have already earned💰
As you can see falling wedge from previous post worked pretty fine😎
Now as we look on a daily timeframe we can observe that bitcoin is trading at the middle of the channel. There is great possibility to break resistance level and go to the top of this channel😏
On top of that, on RSI we are now also about to break resistance dynamic level🤝🏼
Based on that I am expecting this week to be bullish for bitcoin and top alts👊
What are you trading this week? Share in the comments below 👇🏻