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Malik Israr Ahmad
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🔥 #Bitcoin Short Elimination Points. There is massive liquidity for short positions is present in two zones approximately. 🟢 1) $67751 🟢 2) $71082 🟢 3) $73400 🔥#BTC Long Elimination Points: There is massive liquidity for short positions is present in two zones approximately. 🔴 1) $65218 🔴 2) $63360 🔴 3) $60500 NFA Don’t make Leverage trades on my analysis.

🔥 #Bitcoin Short Elimination Points.

There is massive liquidity for short positions is present in two zones approximately.

🟢 1) $67751

🟢 2) $71082

🟢 3) $73400

🔥#BTC Long Elimination Points:

There is massive liquidity for short positions is present in two zones approximately.

🔴 1) $65218

🔴 2) $63360

🔴 3) $60500

NFA

Don’t make Leverage trades on my analysis.

Aviso legal: Se incluyen opiniones de terceros. Esto no respresenta una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.
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SYMMETRICAL TRIANGLE EXPLANATION: Bullish or Bearish? DEFINITION: A symmetrical triangle in trading is a chart pattern formed by two converging trend lines, where the upper trend line is declining and the lower trend line is rising. This pattern indicates a period of consolidation and uncertainty in the market, as the price action is contracting into a smaller range. Here are some key points to consider when identifying a symmetrical triangle: 1. Formation: The pattern forms when the price action is bounded by two converging trend lines, with the upper trend line connecting a series of lower highs and the lower trend line connecting a series of higher lows. 2. Symmetry: The trend lines should be symmetrical, meaning that they converge at a similar angle. 3. Consolidation: The pattern indicates a period of consolidation, as the price action is contracting into a smaller range. 4. Breakout: The price action will eventually break out of the triangle, either to the upside or downside. 5. Target: The target for the breakout is typically the height of the triangle, measured from the breakout point. 6. Confirmation: Wait for a confirmation candle or a close above/below the trend line to enter a trade. 7. Stop loss: Set a stop loss at the opposite trend line or a recent swing high/low. Symmetrical triangles can be bullish or bearish, depending on the direction of the breakout. A bullish symmetrical triangle forms in an uptrend and breaks out to the upside, while a bearish symmetrical triangle forms in a downtrend and breaks out to the downside. EXAMPLE : Here is a simple illustration of a symmetrical triangle chart pattern: B / \ / \ / \ A-----/-------\-----C \ / \ / \ / D In this chart: - A is the starting point of the triangle - B is the first high - C is the breakout point - D is the first low The two converging trend lines (upper and lower) form the triangle shape, indicating a period of consolidation. The price action will eventually break out of the triangle, Bull or Bear
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