Thetradehousefx

Thetradehousefx Updated 

No directional breakout on BTC in the past few days yet, but on drawing and spotting trendlines I could see the formation of a symmetrical triangle chart pattern. Take note: BTC is still ranging as it is, day traders should be more careful trading this period as Bitcoin volatility could be immerse.

Thetradehousefx Updated 

From the rejection wick we can all see, shows buyers don't have much strength taking the market to the up side and it adds confluence to the sell setup so basically a sell to the $23k price mark is imminent.

Thetradehousefx

with the Idea of "buy the floor, sell the roof", we are currently close to the previous floor so a buy position can be taken with proper risk management. "the trend is your friend till it isn't"

Thetradehousefx

With the previous fall, I'm expecting a continuation of trend from the breakout and retest from the symmetry triangle. My Proposed entry: $243-244, Take profit: $235 and the stop loss at $245.5. PS: Not aa financial advice.

Thetradehousefx Updated 

Majority of day traders asks themselves "Do we expect a break out or this is a retest of previous high?". drop your 15m TF analysis on $BNB below or questions TAKE NOTE: This is not a financial advice!!!

Thetradehousefx

Been watching this crypto in particular for a while now. had some won trades and lost a few but during my analytical process I feel the down trend will still prevail; once the expected price of $79-$74 is hit we would see if we'll get a reversal from there or continuation of the trend. Just take a good look at the weekly chart time frame and tell me what you can...

Thetradehousefx

from the current BTC price, the dump is expected to have a price rejection price zone at $40k and $39k zone respectively viewing the chart on the weekly timeframe you should be able to see the neckline at the 40-39k region and we should be expecting a reversal from there to the up side. You can tell me what you think in the comment section