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POSSIBLE SYMMETRICAL WEDGE PATTERN
Pattern on 12 and 4 hour charts is best for this after you zoom in.
I used gaussian channel on this chart.
We are looking to have a major consolidation area past 20-23 days on btc.
In the next day or two I believe the breakout will be a Bullish Breakout, but the next 8-12 hours on BTC is critical, as the bearish breakout might occur.
29200-29300 is the resistance area that BTC need to break and move out of this area,
We had a decending wedge around March 13th, and it did break down, before a huge reversal going up and trading above 27k.
We are pushing green still on weekly candle. As last week was Red, which was normal.
IF you add the RSI at botom you will see that we are slowly crawling up towards 65.
On MACD we just entered the postive side and use 8hour charts to see this. On Daiy charts you will also see that the RSI has broke that resistance, which leads me to believe we will continue to getting good higher highs and higher lows on chart.
On 12 hour chart we have only gone into the red once since beggining of Jan 2023.
4 hour shows 3.
Enjoy lets break through this upwards resistance. BINANCE:BTCUSDT
ب.ظ 01:01 1402/02/14

HOW TO TRADE A CHANGE IN TREND WITH DOUBLE BOTTOM REVERSAL CHART
Explaining where the support level and how to find double bottom trend reversal patterns.
I find the support where the coin has been trading that is your support. I logged a double bottom and show the trend on the chart.
I posted the resistance level in which the price goes up then hasnt broken it.
I charted the massive breakout, and charted a massive breakout, I then put a box under that to show if the price retests the broken resistance, and goes up, this would be a great example of a bullish reversal, but the levels need to retest support then break back out. Excellant pattern if the price retests and goes back up which is called a bullish reversal, using double bottom trend reversal.Comment:
new idea has been posted for you guys
ب.ظ 11:02 1402/02/13

Rising Wedge Reversal Possible, zoom in on chart
Purple Lines on Chart are the possible rising wedge that has formed on the 15min, 18min, 21min, 25min charts respectfully.
I use this chart on 5m, 8min, 10min, 12min,16min, 25min, 30min, 45min, if I were to trade during those times.
I really like the 1 hour time frame on this particular coin.
I am showing 4 major support areas, I included this time the Fib replacement tool.
I used 0, 28, 50, 61, 78, 100, 128 on that fib retracement tool.
I included a major support at levels 2.02
1st support of around 2.24
2nd support of around 2.30
3rd suport at around 2.33
I also included the major resistance at the area of the atl of past week of around 2.36
I included the 128 fib due to not alot of people actually using this tool at this level, I would definatly sell at that point if I was on a long, but a grea area to short, be careful of the swings
1st support 2nd support be mindful of the STOCH RSI as it will trick you, the chart shows just a perspective. I would add volumn to the chart as well, I use 3 different screens for any coin I look at. This one does not have it.
Enjoy I included a update as requested from a comment.
ChrisGtr Out
thanks enjoy your Wednesday
ب.ظ 11:00 1402/02/13
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