BTC is bullish since 20th of July. For a healthy trend and because it hits the weekly 45k resistance area, a retracement to 41k or 39k would be helpful (after which uptrend or consolidation - A, B). Going under 37k is a bearish signal (C, lower chances) and a rise above 45k plus a bounce in the 45k area is a very bullish signal (D).
Final part of the BTC Analysis available on TV. 5) EMAs 6) Whole # 7) Patterns 8) Divergences
Part 2 is next. 1) HTF 2) Volume profile 3) Channels 4) Fibo (/ EW)
I've been analyzing BTC constantly since the drop in May. We're currently in a parallel channel and the question is what direction will BTC take when we get out of this channel. One such direction is a near perfect fit between the current trend and the Wyckoff Accumulation Schematic #1 . ChartSchool has a tutorial on The Wyckoff Method if you want to learn more:...
Buying after bouncing the 200 EMA and selling on its path, at the local support yields a 13% profit. PS: This is no financial advice, it's only an idea derived from chart analysis.
An entry at 0.08685 with a TP at 0.09449 and a SL at 0.08034 while the price is ascending yelds an 8% increase with a 1.17 R. Though the R is small, the trend can be easily followed.
HARDUSDT is in a good place right now. Buying a small amount after it bounces on the trend line and then selling it at its current support yields 10% already (with a possibility of the price rising 29% to 37% more). If it breaks the support, adding an additional amount after a rebounce could also prove fruitful. PS: This is no financial advice, it's only an idea...