🔥✅TWO PRECONDITIONS FOR A NEW BULRAN: CHANNEL AND TREND
🔥 Hi friends! It is important to look at the chart from different point of view and analyze it using several methods, if you have enough knowledge/experience to do it. If 3 out of 4 methods confirm a buy or sell signal, it will be much more successful and profitable than using only 1 method. I think that it's clear.
So today we take a look on chart from tehcnical and trend following point of view.
📊 THE INSTRUMENTS:
🔥 channel
🔥 trend theory
✅ I marked the HUGE 5 month channel that starts from June and end in mid November on the FTX collapse. A lot of crypto were accumulated indise the $18-25k range, so that dump liquidate a lot of traders position and took a lot of sl. Also, it force most of retail traders and investors sell their crypto in loss. Well, that dump gave enough liquidity to buy for the whales.
It will be strong bullish signal if the BTC price return inside. The bull power will be confirmed.
🚩 I should say, that if BTC close inside the channel and make a false breakout later (especially on higher timeframes such as 1 week), it will be the strong short signal. This situation can lead BTC to $11-13k.
🔥 You can see the importance of false breakouts on the higher timeframes on the example at the ATH of 2021. Bitcoin is still falling after the price returned inside of the $30-63K channel. So now pay your attention to it!
✅ Every trader have to understand the global trend. Trend following strategies (trade by trend) help you to increase your profitability by 20-50%! For this reason you need to understand when the uptrend beggins to open your best long trades.
You can personally confirm the beginning of the uptrend for you using just this simple technic. Now we see how the price makes LL and LH, which confirms the downtrend for us. But when the price will make the HH-HL-HH, the uptrend will be confirmed (look on the chart).
The closest high is $21 500. So when the price return there and confirm the uptrend for you, it will be the best time to strart trade longs. The global trend will help you at any case.
🔥 Historically, that time will be the best chance to open a mid-term long trades on BTC, ETH and accumulate some altcoins for local bullrun at least.
Traders, does it idea useful for you? Write your thoughts in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
So today we take a look on chart from tehcnical and trend following point of view.
📊 THE INSTRUMENTS:
🔥 channel
🔥 trend theory
✅ I marked the HUGE 5 month channel that starts from June and end in mid November on the FTX collapse. A lot of crypto were accumulated indise the $18-25k range, so that dump liquidate a lot of traders position and took a lot of sl. Also, it force most of retail traders and investors sell their crypto in loss. Well, that dump gave enough liquidity to buy for the whales.
It will be strong bullish signal if the BTC price return inside. The bull power will be confirmed.
🚩 I should say, that if BTC close inside the channel and make a false breakout later (especially on higher timeframes such as 1 week), it will be the strong short signal. This situation can lead BTC to $11-13k.
🔥 You can see the importance of false breakouts on the higher timeframes on the example at the ATH of 2021. Bitcoin is still falling after the price returned inside of the $30-63K channel. So now pay your attention to it!
✅ Every trader have to understand the global trend. Trend following strategies (trade by trend) help you to increase your profitability by 20-50%! For this reason you need to understand when the uptrend beggins to open your best long trades.
You can personally confirm the beginning of the uptrend for you using just this simple technic. Now we see how the price makes LL and LH, which confirms the downtrend for us. But when the price will make the HH-HL-HH, the uptrend will be confirmed (look on the chart).
The closest high is $21 500. So when the price return there and confirm the uptrend for you, it will be the best time to strart trade longs. The global trend will help you at any case.
🔥 Historically, that time will be the best chance to open a mid-term long trades on BTC, ETH and accumulate some altcoins for local bullrun at least.
Traders, does it idea useful for you? Write your thoughts in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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