ERD / BTC. Channel. Cycle. Potential + 88-270%. Past Idea + 44%
Updated
After a false breakdown of the channel, the price fell back to the accumulation channel in increments of + 88%. Now the price is at the bottom of the channel.
To begin with, we are trading the channel’s potential, which is + 60-80%.
Zones of purchase / sale I depicted on the chart.
Also showed a temporary cyclic movement.
ENTRANCE and TARGET
1) Entrance at the lower boundary of the horizontal accumulation channel, with confirmation of support. It is better to buy a little more expensive, but with a greater degree of confidence than freezing money in an indefinite lateral movement at the bottom with a small step. Premature entry into the market may result in a Stop Loss loss of -X% or for particularly greedy impatient traders who do not use Stop Loss - a second bottom as a gift.
The potential movement inside the channel to the upper limit of its resistance is + 60-80%.
Be patient, do not rush to enter the market. If the price is fixed below the support of the channel, you should forget about entering the market and a coin, to a new interesting entry point.
2) Entrance is higher than the channel resistance when fixing the price. Potential channel width, the same + 60-80%. It is also worth noting that fixing the price above the resistance level of 30 satoshi will form a double bottom figure, which is a reversal pattern of a downtrend, this will give traders more confidence in purchases and upward movement.
From the purchase zone to the second target zone, the profit is about + 270%.
Stop loss
Under key support levels during your entry into the market.
The coin is traded mainly on Binance, and there are pairs not only to BTC, but to usdt and BNB, which is not a good sign. Notice, there are only 4 exchanges and mainly bidding on Binance.
Project Legend - A scalable value transfer protocol for the digital economy.
The previous trading idea for this coin in November when a symmetrical triangle was drawn in the middle of the channel yielded + 44% profit.
The price reached just in the area that was indicated in the trading idea.
ERD there were no pumps.Low fame coin Channel 85% Triangle +49%
Remember, trading is a game of probabilities. Who trades from the situation created in the market - earns.
Who trades on the basis of what he wants - receives a loss.
The crowd trades out of their desires, not market probabilities. The crowd always loses.
Thanks to the thinking and desires of the crowd, we earn.
To begin with, we are trading the channel’s potential, which is + 60-80%.
Zones of purchase / sale I depicted on the chart.
Also showed a temporary cyclic movement.
ENTRANCE and TARGET
1) Entrance at the lower boundary of the horizontal accumulation channel, with confirmation of support. It is better to buy a little more expensive, but with a greater degree of confidence than freezing money in an indefinite lateral movement at the bottom with a small step. Premature entry into the market may result in a Stop Loss loss of -X% or for particularly greedy impatient traders who do not use Stop Loss - a second bottom as a gift.
The potential movement inside the channel to the upper limit of its resistance is + 60-80%.
Be patient, do not rush to enter the market. If the price is fixed below the support of the channel, you should forget about entering the market and a coin, to a new interesting entry point.
2) Entrance is higher than the channel resistance when fixing the price. Potential channel width, the same + 60-80%. It is also worth noting that fixing the price above the resistance level of 30 satoshi will form a double bottom figure, which is a reversal pattern of a downtrend, this will give traders more confidence in purchases and upward movement.
From the purchase zone to the second target zone, the profit is about + 270%.
Stop loss
Under key support levels during your entry into the market.
The coin is traded mainly on Binance, and there are pairs not only to BTC, but to usdt and BNB, which is not a good sign. Notice, there are only 4 exchanges and mainly bidding on Binance.
Project Legend - A scalable value transfer protocol for the digital economy.
The previous trading idea for this coin in November when a symmetrical triangle was drawn in the middle of the channel yielded + 44% profit.
The price reached just in the area that was indicated in the trading idea.
ERD there were no pumps.Low fame coin Channel 85% Triangle +49%
Remember, trading is a game of probabilities. Who trades from the situation created in the market - earns.
Who trades on the basis of what he wants - receives a loss.
The crowd trades out of their desires, not market probabilities. The crowd always loses.
Thanks to the thinking and desires of the crowd, we earn.
Note
Note
1) Less risky entry into the market. At the beginning of the upward movement from the purchase zone.
2) Entrance to the Stop Loss purchase zone under support. Stop value according to your trading strategy.
Trade closed: target reached
1 taken + 50%
Trade closed: target reached
+ 350% from the first entry point.
or + 140% from the second entry point from the breakthrough of the resistance of the accumulation channel.
Note
Trade closed: target reached
Trade closed: target reached
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