BTC H4 - Long positionI am waiting for $16,500 to enter a LONG position there.
Based on Fibonacci and the Base area in the RBR movement and the supply and demand area created, at least one trade can be taken with a reward of 3. And it could also be the start of BTC price growth.
Of course, there is no certainty in any analysis and these signs help us to increase the winning percentage of our transactions.
BINANCE:BTCUSDT
RTM
FTR Setup - LongWhat is FTR?
FTR in forex refers to fail to return. An important price action term used to do technical analysis of currency pairs in forex.
Simply by its mean, price broke an important level but failed to return from that level. It is called FTR (fail to return).
In the picture, I tried to explain this important trading setup simply and completely.
two positions for BTCUSDT ... check ithello guys...
let's check what happen to BTC
firstly formed a three-drive pattern and break out its ascending trendline...
secondly made a consolidation after break out and price from equilibrium decided to break down consolidation...
thirdly after break down make a falling knife and return to %0.3 of that pattern (knife support)...
now btc have 2 area that we can get positions..
first scenario:
entry: market
stop loss: 16350
tp1: 16060
tp4:15811
second scenario:
we are waiting until price reach to QMM level area or flag at break out then get position
entry: 16380
stop loss: 16500
tp1: 16200
tp3:16000
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
btcusdtperpAs I posted in the previous analysis, the price reacted well to the desired level. If you want to see analysis and updates, please follow and like.
The same target is still in place
I will update if it changes
There is a possibility that the price will return to the specified range
Of course, it is after changing of character
btcusdtperpHello dear traders
I guess that due to the respect of the price to the upper line of the triangle that I drew a few days ago, we will have a cash collection from the top and then from the bottom, after which the main movement will begin.
In the first case: I believe that the first price will hunt the upper line
In the second case: I think the price will go down and then move up
In any case, the part that moves quickly and boldly (either downward or upward) and the candle closes in the form of a shadow, the movement tends to the same side.
So if you want to make a good profit and your stop will not be hunt, wait
MATIC... MULTI TIME FRAME analysishello guys...
as you can see in chart... maticusdt have formed between two QML from daily and weekly time frame and i suppose to touch daily QML and then upward to reach weekly QML...
BUT if kink that i shown as gray area break down or be engulfed, this cryptocurrency drop a lot until next green area, I hope this not happened!
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.