Trader_AlexK

Symmetric triangle plus trading setup

Trader_AlexK Aggiornato   
BITFINEX:BTCUSD   Bitcoin
Observed symmetric triangle in progress.

Current price drop could be supported at the previous long-term bearish trend line along with the support zone where 50, 100, 200 EMAs are.

However, found a clue from broken RSI channel which could mean EMAs I suggested above could be broken any time soon. Seems like it is more likely to find support at the short-term bullish trend line (indicated in bright green).

If lost SL at early $ 6,500s.

If lost, that would be a great entry point for those who short and for those who long, probably have to wait till retesting the longer-term bullish trend line (indicated in darker green).
Commento:

Support at short-term bullish trend line confirmed
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