Bearish triangle? Fall - no,I don't think so (Maybe I'm wrong)

2020년 12월 29일

Hello dear friends.


First, I want to congratulate everyone on the upcoming New Year and wish you:
- Healthy body
- Healthy career
- Healthy thinking
- Healthy relationships
- Healthy bank account

Now about trade.

My previous trading idea didn't work. It could have been closed at breakeven, because everything indicated this - but a mistake brings a loss.
Therefore.
Analyzing the trading chart, we get an image of a bearish triangle. (Falling price)
(in which, after a losing trade, we managed to take 450 points / $)
you can see this in the comments below the previous trading idea.

-We also have the last red candlestick, which closed on a large volume, with a false breakout.
-We have resistance levels from which the price immediately returned to the level of 27000-27500.
And the psychological level is the same 27,000.
-By market maker level - in the range of 27200-28000 bigest sales (short positions)
-Bitcoin Price CME Margin Requirements (Margin) More than 2000 pips.
-We have a non-traded area (Yellow rectangle)
-Volume falls
-Growth without correction by 30-40%

and many other things that traders are talking about now.



will not talk about this, since I do not like "guessing on the coffee grounds"

- I will say briefly, for myself, I see only purchases. (this is my decision) (White arrow)

From what values, I think from the schedule you yourself understand everything.
For those who do not know what to do and what position to open - you have 2 strong levels (black rectangles) The price going beyond these boundaries will show you the way to which goals the bitcoin price will lead. Do not invent anything.
Only volume, only trading, under or above these levels for 2 hours of TF with price creaking, 99.9% will show you where the price will lead.

For myself, I see the "correct interpretation of the ascending triangle", "double bottom" and "trader sentiment" for the fall.

(Algorithms don't give a damn)