BTC/USD - Triangles everywhere... Breakout soon. 😜
BTC has formed another triangle, lol.
Trend in this zone is rather flat, but this formation appears like a consolidation before the next breakout.
The most likely scenario would be to re-test the ATH and attempt a break, but don't exclude a break below back to the support at 58k.
Lower timeframe indicators are flat and we're bearish on daily and 2 days... however any selloff was quickly bought, hence, I don't trust bears on this one.
Earlier today it was noted that the number of BTC on all exchanges reached another low... meaning... fewer BTC for more buyers... price will only go up due to that.
In any event, wait for a break of this formation over the weekend.
Like and follow if you liked my idea!
Trend in this zone is rather flat, but this formation appears like a consolidation before the next breakout.
The most likely scenario would be to re-test the ATH and attempt a break, but don't exclude a break below back to the support at 58k.
Lower timeframe indicators are flat and we're bearish on daily and 2 days... however any selloff was quickly bought, hence, I don't trust bears on this one.
Earlier today it was noted that the number of BTC on all exchanges reached another low... meaning... fewer BTC for more buyers... price will only go up due to that.
In any event, wait for a break of this formation over the weekend.
Like and follow if you liked my idea!
📣 Find more Alpha by joining Your Crypto Community 🔰 LINKs BELOW 🔰
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 5,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
منشورات ذات صلة
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.