Alikze »» BTC | Bullish angle pattern | bullish channel - 8H

21. Okt.

🔍 Technical analysis: Bullish angle pattern in the bullish channel And the pullback is broken into the swing

- According to the movement scenario predicted in the previous analysis, by forming an ascending diamond pattern, it managed to break the dynamic trigger and move towards the supply areas.

- It is currently moving in an ascending channel in the 8H time frame.

- With the formation of an ascending corner pattern, it is undergoing a temporary correction to the green box.

- Therefore, it can encounter support after correction in the green box area and continue its growth up to the supply range.

💎 In addition, if the correction is sharp, there will be a possibility of breaking the green box, up to the range of 62500.

💎 So, in case of zigzag correction in the green box area, it can meet the demand and touch the target of the supply area.

⚠️In addition, if below the area of ​​62500 candles, the bullish scenario will be invalidated and should be re-examined and updated.⚠️

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BTCUSDT

25. Okt.

Anmerkung

The recent correction is a three-wave correction cycle of micro-waves of the new trend. Therefore, after completing this corrective lag (the current corrective wave should not touch the previous floor in the green box), it will form wave 1 of 3, and then in wave 3 of 3, it can quickly touch the red box area.
But if this upward corrective lag is wave B, the market will experience a rapid correction that we should witness the continuation of the previous movement path.

28. Okt.

Anmerkung

According to the movement path, it is moving towards the target by collecting liquidity under the neck line and forming corrective micro-waves.

29. Okt.

Anmerkung

The target was touched.
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