BTCUSDT, Just Idea for its next Move!I dont trade BTCUSDT, but Just release my Idea on this.
Fri 21 Jun - 16:35
Good Luck!
BTCUSDT05N2024 trade ideas
$BTC performed Falling wedge in 2hr TF ** CRYPTOCAP:BTC performed Falling wedge in 2hr TF ** Keep eye on it
Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow:
1. **Identify the Falling Wedge:**
- Look for a downtrend in the price movement.
- Identify converging trendlines where the upper trendline (resistance) slopes down at a steeper angle than the lower trendline (support).
- The pattern resembles a wedge pointing downwards.
2. **Confirm the Falling Wedge:**
- Confirm the pattern using other technical indicators like volume. Ideally, during the formation of a falling wedge, the trading volume should decrease.
3. **Wait for Breakout:**
- Patiently wait for a breakout to occur. Breakout refers to the point where the price moves above the upper trendline of the falling wedge.
- The breakout should ideally be accompanied by a noticeable increase in trading volume, confirming the strength of the breakout.
4. **Entry Point:**
- Enter a long (buy) position as soon as the price breaks above the upper trendline.
- Some traders prefer to wait for a confirmed close above the upper trendline to reduce the risk of false breakouts.
5. **Stop-Loss Placement:**
- Set a stop-loss order below the lower trendline or a recent swing low. This helps limit potential losses in case the breakout fails and the price moves back into the wedge.
Remember that trading always involves risks, and it's crucial to have a well-thought-out strategy, risk management plan, and the discipline to stick to your plan.
BTC CORRECTION???The sellers are sellin
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It's shown at the liqudation area that shows the weakening of the BTC movement. As the catalyst for the halving in 2024, there's a big chance those whales have been hittin the first take profit area and want a lower price before pushin for a higher price.
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Stay safe
X.CO
Christmas is coming sooner for BTC HODLER BTC USDT is going to hit 46K Before Christmas since the SEC minister is in favor of allowing Cryptocurrency and bringing a solid news to the spectrum.
What we might see is a reversal before the BTC Halving very soon and this can retrace to 36K after it hits it mark!
If breakout ever happens, that is going to be if its surpasses the level 48K which is highly anticipated.
