A local triangle began to form in the lateral side. Now there is no entry point, but only a situation for observation, since this local triangle is being formed. Enter on a breakout or pullback after the formation is completed towards the breakout. For long-runners, he specially showed with arrows what to observe for local work. I remind you once again, the timeframe is 4 hours. Learn to see what the majority is blind to and you will be happy. Whoever is looking for a big button "loot" without effort and understanding will receive a "zero deposit" and rightly so ....
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They made a false breakout along the local triangle and broke down to the local minimum, from which a rebound occurred. Now the price is inside a large forming triangle. The price approached the local downtrend (purple). In case of its breakdown, the price growth potential to the zone of the downtrend line (triangle resistance). This is + 10%. Then the price will react to this resistance. If this local resistance (purple line) is not overcome the potential first decline within the formation towards 28600-29000. Further, it is the same as in a long situation - observing the reaction of this zone of support, or it will again become a local reversal zone or not. I showed what to look for on the chart with arrows.
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already + 8% since today's local breakout of the downtrend small trend. We go to resistance. A breakout of this resistance can reverse the trend
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+ 15% from the breakout zone, a slight pullback to the specified level. A local uptrend is developing.
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Pay attention to how exactly the price moves along the indicated numerical levels and from what values the impulse of 12.91% has begun now (the end of the local uptrend I have indicated). The momentum is developing. At the moment, the profit on this trend from the reversal becomes 15% + 8% + 13% (holding a position in the trend, I have an idea of training / work on this, I showed it on BTC and ETH)
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BTC / USD The trend is developing. Yesterday's impulse gave 21.06%. You probably understand that 21% is not an accident. From the breakout of the secondary trend, the profit following the trend is + 42% (local work from February 2).
What to observe and on what zones the further development of this strong movement depends on the chart. A breakthrough of the local maximum will mean further price growth. From a marketing point of view (media-FUD), overcoming 50 thousand is just as important as on air 1444, which I wrote about more than once. Which is what happened. Perhaps this will not happen immediately, but after a rollback to the uptrend line (green). On the contrary, it will be good for this space launch. Let me remind you the 4h timeframe.