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H4chart

Pennant Pattern On The H4 Chart (2021 April 28 ; 20:00)Trading the Pennant (Symmetrical Triangle). Wait for a close above/below the diagonal level. In this case, wait for a close below diagonal support resistance level. After the close, diagonal support turned resistance. Next, watch for a pin bar to form at the Resistance Line, EMA 10, EMA 20 in a Pull Back. Enter at closing price of the pin bar, break of the pin bar nose with a sell stop order, or 50% Fibonacci Retracement of the pin bar with a sell limit order. Stop Loss is place 5-10 pips above the pin bar tail. Or stop loss is placed above the break out candle. Take Profit is the first point of the trend line. In this case, the take profit level is 0.94906. Pin Bar is date 28 April 2021 time 20:00.
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by TradeLive-
Bitcoin it's into this bullish channel!!!In this technical analysis, Bitcoin formed a bullish channel confirmed, so right now we are in the support trend line that form this bullish channel and we are into this bullish candlestick group in formation in H4 timeframe, this could be a possible bullish movement toward the $19,350 USD. And alert: not bearish, because if this was bearish, we would need to $16,500 USD looking with this perspective toward a target profit of $14,600 USD. So, that it's my secure and good entry to make any short position. But now, we could to continue in this bullish channel found out boughts. I believe that the best zone it's to bought $18,000 to $18,100 USD approximately to make a good bought!!! So, at the moment, we would need to wait a bullish candlestick group and not entry for entry. So, we still be patience. So, I will need to check out the Daly timeframe if we are into this elliot wav continuation to see any impulse or whatever. So guys, but right now, be patience, and when the price arrive the $18,100 USD I will going to notify you to still alert and then, when I get a confirmation, we can to bought, but if another hand, if Bitcoin goes to break down the channel, not entry in short posiiton!!!! Not entry to short position until Bitcoin reach down the $16,500 USD to still alert of another scenario. So, this it's my strategy!!!
COINBASE:BTCUSDLong
by harisonhbn9718
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