BTC forming triangle as consolidation preparing for next move up
Hello traders!
On 30m chart we can see that formation inverted head & shoulders was confirmed and then after neckline breakout we saw decent move up. BTC is now forming descending triangle supported by 32k support line. I consider this triangle just as normal consolidation after bigger push. So if 32k support line (which is lower triangle tl) holds, we may see another move up.
If entering long, tight SL below 32k
If you like this analysis, please like & follow, it means a lot for me! Also below you can find my sucessful analysis from last days
This is just presonal idea, not investment advice
TRADE WITH BRAIN, NOT GREED
On 30m chart we can see that formation inverted head & shoulders was confirmed and then after neckline breakout we saw decent move up. BTC is now forming descending triangle supported by 32k support line. I consider this triangle just as normal consolidation after bigger push. So if 32k support line (which is lower triangle tl) holds, we may see another move up.
If entering long, tight SL below 32k
If you like this analysis, please like & follow, it means a lot for me! Also below you can find my sucessful analysis from last days
This is just presonal idea, not investment advice
TRADE WITH BRAIN, NOT GREED
