Well, at this hour, a new trading day begins, and therefore the 1-hour chart has been updated with my trading tools.
Price channels + pivot indicator with weekly settings.
In this pattern of channels, which is formed when the price falls for two consecutive periods of time, as the price fell during the trading days of Thursday and Friday.
Trading was also closed below the weekly level of 69599.
Expected price movement:
We are expected to see a bearish day for Bitcoin, and the decline may begin directly from the current level. Or the price rises to test the 69599 level and then begins to fall.
The downside scenario is canceled if the price breaks the channels upward and breaks the 69599 level and stabilizes above them.
This is just an analysis.
As for trading opportunities, they are published as soon as they are created.
Bitcoin was published when the price began trading on Friday.
The expected price movement with this channel pattern is explained when it is formed.
This post is for follow-up.
The pictures are a 1-hour chart for Bitcoin at the opening of trading on Friday.
The second picture is before the close on Friday, and we see the price behavior and how there was respect for the hypothetical triangle that I talked about in the previous analysis of Bitcoin.
The triangle was broken and retested, then Bitcoin continued to fall.
after a while. The Bitcoin chart for Saturday will be published and what to expect.
l'oro si sta attualmente preparando per un movimento verso l'alto verso il livello 5154.
Il canale discendente che rappresentava la tendenza di ieri è stato rotto.
Il prezzo ha incontrato resistenza al livello 5154.
Il prezzo ha ora raggiunto la linea del canale rotto e ha iniziato a rimbalzare verso l'alto. Pertanto, l'oro è considerato un'opportunità di acquisto ora.
This is one of my favorite channel patterns, which forms when the price moves in a wave and then a corrective wave.
The price moved upwards on Wednesday and downwards on Thursday.
These channels represent the trend over the previous two days.
A hypothetical triangle has formed, which is the triangle outlined in white. This represents the area where the channels meet.
Trading this pattern works as follows:
Buy when the triangle breaks upwards, wait for a retest, and then enter a buy position.
Sell when the triangle breaks downwards, wait for a retest, and then enter a sell position.
I wanted to share this pattern, and I will repost the chart after the day's trading session to comment on it and see how the price interacted with the channels and the triangle.
Segnale di acquisto. ORO TP 5204. SL 5145. Motivo: Dall'analisi di ieri, troverai che il livello 5154 è un livello di acquisto e attualmente sostiene il prezzo.
السعر يتداول داخل قناة صاعدة قصيرة المدى مع إعادة اختبار مستوى الدعم الأسبوعي 2116 والذي يتوافق مع الحد السفلي للقناة الحمراء الصاعدة. السياق العام على الفريم القصير لا يزال إيجابي طالما السعر أعلى 2100.