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Bytecoin / Bitcoin
Updated

BCN symmetrical triangle (pennant web) First target 45 + 80%

652
After the breakdown of the downward secondary trend line, a symmetrical triangle has formed, which, in case of breakdown upwards, can act as the canvas of the ascending pennant. The goals of the triangle and the pennant are completely different. It will be worked out during the breakdown or only the goal of the triangle or the ascendant pennant can only be judged on the volume of the buyer during the breakdown13

The coin is very manipulative, in more detail I described everything in the previous trading idea for this coin, which I attached to the description of this trading idea. I will not repeat.

ENTRANCE
If you are not in a position, then the entrance is only for breakdown or rollback after the breakdown of a triangle.

TARGET.
Triangle target + 45%
Pennant target + 80%

Stop loss
Set Stop Loss value with calculation of your trading strategy and money management.
Order cancelled
snapshot
The symmetrical triangle was broken down. Entry point is not reached (breakthrough and price fixing above the downtrend triangle up). We are waiting for a new entry point to the market.
Note
snapshot
Note
snapshot
Note
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snapshot
Concave local bottom. Important resistance and price reversal zone.
Note
snapshot There was still no entry point. The downtrend continues. Faith is finally killed in the holders.
Note
snapshot Break of the downtrend line. Concave bottom. Trend reversal.
Note
snapshot The previous breakout was false. Perhaps this time everything will be different. Coin casino as there is no liquidity
Note
snapshot + 140% 1 wedge break target achieved. The momentum develops
SpartaBTC
✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Also on:
altcoinsBCNBCNBTCbytecoinChart PatternscryptocurrenciesCryptocurrencytradingTrend AnalysisTriangle

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
altcoinsBCNBCNBTCbytecoinChart PatternscryptocurrenciesCryptocurrencytradingTrend AnalysisTriangle
SpartaBTC
✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.