BTC Price Action

57
Day/Swing trading only

Price Action is always the best and works well for a quick trade. Any indicators are just noise but gain confidence like divergences and bullish/bearish signals imo.

I always look and draw a channel and pattern, and add Elliott wave 12345 and ABC.

Also I look for a spike in volume during the breakout of a consolidation/pattern before I enter and exit when I see a spiked sell volume.

June 26 - symmetrical triangle with a complete Elliott wave 12345 - breakout
June 27 - bull pennant with a complete Elliott wave ABC - breakout
Plus, BTC formed Swing High and Swing Low, that's how I found the uptrend channel.
June 28-29 - two patterns; falling wedge and ascending triangle with a complete Elliott wave 12345 - breakout!
June 29(Late night) - a weak ascending triangle with no Elliott wave - a failed breakout, then selloff below the channel. Also, as you can see, it completed a Elliott wave 12345 within the uptrend channel from June 26 to 29. That is PERFECT TIME TO EXIT A TRADE!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.