BTC: AB=CD Pattern - 1Week Time Frame
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?
#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?
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.