Bitcoin - continues its march in the triangle zone
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A few thoughts on the BTC chart
The guys, while there is nothing unusual, received a reaction from the support of the $31,170 triangle and the price returned to the test of local resistance again (yesterday I warned that such a scenario is quite likely).
The triangle is still not broken, and it is possible that the exit from the pattern will be on updating the high of $31.455 (not a long financial advice). Just in case, I set a limit order back to $31,550 to add to the short position.
But, I also do not exclude that we can stay in the triangle zone for some time, for example, get a reaction from the resistance (red line) or from the upper border of the $31,150 pattern. I continue to hold the short position from $31,050 with an extra higher.
A few thoughts on the BTC chart
The guys, while there is nothing unusual, received a reaction from the support of the $31,170 triangle and the price returned to the test of local resistance again (yesterday I warned that such a scenario is quite likely).
The triangle is still not broken, and it is possible that the exit from the pattern will be on updating the high of $31.455 (not a long financial advice). Just in case, I set a limit order back to $31,550 to add to the short position.
But, I also do not exclude that we can stay in the triangle zone for some time, for example, get a reaction from the resistance (red line) or from the upper border of the $31,150 pattern. I continue to hold the short position from $31,050 with an extra higher.
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