Hello traders!
This is a 3 step formation analysis and it works on all timeframes.
This Formation start when there is Support/resistance which remained untested. The accuracy of this method is extremely high because it's derived from the natural behavior of the graph.
The first breakout is a breakout where the market has not confirmed that the price will go back to the untested S/R or it will go more down but we are sure that price will fall a little more because I always taught you that don't go towards the direction of the breakout but do the opposite.
The second breakout confirms that the market will form 3 step formation. On the second breakout, we can go for sell as it's a bullish breakout and we have to do the opposite.
When the market is moving down we should use 1 & 2 trendlines from the top and on the third one we will use a trendline from the bottom.
The third Breakout is a Buying opportunity because after the breakout of supportive trendline we will do the opposite and buy it and we do not expect the market to go back and break the previous low.
But in rare scenarios, we can see more drop after the third breakout as it happened in Bitcoin. In this case, the dump/rise is always the big one.
So what happens next is there will be one more breakout that will break the previous Low and this breakout will not be a big one, it will be a small breakout and this will be the bottom of Extreme rise which everyone waiting.
My true reversal point is 30900 but start buying after the breakout of the previous low.
I have cracked this strategy with hard work so don't forget to support this idea with your like and follow to stay connected.
The next steps are already ready, Once we achieved the 55K goal I will show you the next moves.
This is a 3 step formation analysis and it works on all timeframes.
This Formation start when there is Support/resistance which remained untested. The accuracy of this method is extremely high because it's derived from the natural behavior of the graph.
The first breakout is a breakout where the market has not confirmed that the price will go back to the untested S/R or it will go more down but we are sure that price will fall a little more because I always taught you that don't go towards the direction of the breakout but do the opposite.
The second breakout confirms that the market will form 3 step formation. On the second breakout, we can go for sell as it's a bullish breakout and we have to do the opposite.
When the market is moving down we should use 1 & 2 trendlines from the top and on the third one we will use a trendline from the bottom.
The third Breakout is a Buying opportunity because after the breakout of supportive trendline we will do the opposite and buy it and we do not expect the market to go back and break the previous low.
But in rare scenarios, we can see more drop after the third breakout as it happened in Bitcoin. In this case, the dump/rise is always the big one.
So what happens next is there will be one more breakout that will break the previous Low and this breakout will not be a big one, it will be a small breakout and this will be the bottom of Extreme rise which everyone waiting.
My true reversal point is 30900 but start buying after the breakout of the previous low.
I have cracked this strategy with hard work so don't forget to support this idea with your like and follow to stay connected.
The next steps are already ready, Once we achieved the 55K goal I will show you the next moves.
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.
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.