BTCUSDT – Bounce on support area

Bitcoin / TetherUS BINANCE:BTCUSDT

Scribes

This is an update to my previous posting, and more details into my analysis of the current developments.
Need to keep in mind that after a strong selloff, a correction rally was to be expected. So we dont have confirmation of a trend change yet.
Also – traders will be looking at the US CPI reading prior to any further action. In any case my pending trade is a “pending” trade 🙂 and it is well positioned to avoid the risks of any lower slide below the identified support area .

You might be interested in …

Trading View April 27, 2022

ADAUSDT | Leading Diagonal Wave – Falling Wedge Trade Setup

ADAUSDT | Leading Diagonal Wave – Falling Wedge Trade Setup Cardano / TetherUS BINANCE:ADAUSDT dukeposh Price action and chart pattern trading setup > Expanded Leading Diagonal with falling wedge reversal pattern > Entry @ falling […]

Trading View April 10, 2022

The target of ETH price correction has been reached (Short-term)

The target of ETH price correction has been reached (Short-term) ETH/USD COINBASE:ETHUSD Analyst_YuShiuanChen The target of ETH price correction has been reached (Short-term) COINBASE:ETHUSD COINBASE:BTCUSD From a technical analysis , the target of ETH price […]

Trading View March 6, 2022

Bearish Wedge Pattern

Bearish Wedge Pattern SAND / TetherUS PERPETUAL FUTURES BINANCE:SANDUSDTPERP Amar_Kumar_official Bearish Wedge Pattern Rising Wedge This usually occurs when a security’s price has been rising over time, but it can also occur in the midst […]