Gk_Aronno
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BTC: AB=CD Pattern - 1Week Time Frame🧐🤔🙄
$BTC
Analysis Overview:
#Bitcoin has recently shifted from a Bullish trend to an downtrend, forming Lower Lows (LLs) and Lower Highs (LHs) on the Small timeframe. Currently, #BTC is developing an AB=CD pattern, signaling a potential continuation of the bullish momentum.
Key Observations:
✅ Uptrend Confirmation: Price action is forming consistent HHs and HLs.
✅ AB=CD Pattern: Price is aligning with the classic harmonic formation.
✅ No Bearish Reversal Signs: No significant bearish divergence or trendline break.
✅ Entry Strategy: Waiting for HLs to form and price to complete the AB=CD structure.
Trade Plan:
🔹 Entry: At the completion of the HL and AB=CD pattern.
🔹 Stop-Loss: Below the previous HL to minimize risk.
🔹 Take-Profit: Near key resistance levels or Fibonacci extensions.
🔹 Risk Management: 1:2 or higher risk-to-reward ratio.
Conclusion:
If the AB=CD pattern completes successfully, we can expect #BTC to continue its bullish move. However, waiting for confirmation and applying proper risk management is crucial to avoid potential reversals.
📊 Let me know your thoughts in the comments! Do you see any additional confluence?
🚨🚨
👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸
Binance Square Family...❤️🔥❤️🔥
I hope this analysis has been helpful to you. If you have any questions, please feel free to leave a comment. I'm always happy to help.
I appreciate your support!
#BTCvsInflation #LTC&XRPETFsNext? #BitcoinWhaleMove
Analysis Overview:
#Bitcoin has recently shifted from a Bullish trend to an downtrend, forming Lower Lows (LLs) and Lower Highs (LHs) on the Small timeframe. Currently, #BTC is developing an AB=CD pattern, signaling a potential continuation of the bullish momentum.
Key Observations:
✅ Uptrend Confirmation: Price action is forming consistent HHs and HLs.
✅ AB=CD Pattern: Price is aligning with the classic harmonic formation.
✅ No Bearish Reversal Signs: No significant bearish divergence or trendline break.
✅ Entry Strategy: Waiting for HLs to form and price to complete the AB=CD structure.
Trade Plan:
🔹 Entry: At the completion of the HL and AB=CD pattern.
🔹 Stop-Loss: Below the previous HL to minimize risk.
🔹 Take-Profit: Near key resistance levels or Fibonacci extensions.
🔹 Risk Management: 1:2 or higher risk-to-reward ratio.
Conclusion:
If the AB=CD pattern completes successfully, we can expect #BTC to continue its bullish move. However, waiting for confirmation and applying proper risk management is crucial to avoid potential reversals.
📊 Let me know your thoughts in the comments! Do you see any additional confluence?
🚨🚨
👉Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 🚀💸
Binance Square Family...❤️🔥❤️🔥
I hope this analysis has been helpful to you. If you have any questions, please feel free to leave a comment. I'm always happy to help.
I appreciate your support!
#BTCvsInflation #LTC&XRPETFsNext? #BitcoinWhaleMove
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.